Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Economy

G-20: China is clearly looking for a new world order

Edward Harrison Apr 1, 2009

I don't want to beat a dead horse here, but the Chinese have been making a lot of muscular moves diplomatically. While shifts in balance of power often take decades, it is increasingly apparent that China is making a strategic move in that…

Economy

Will Goldman’s Jim O’Neill change his bullish outlook?

Edward Harrison Mar 31, 2009

Back in February I posted an article called "The bullish argument for the global economy" highlighting Goldman Sachs' Chief Economist Jim O'Neill's bullish view for the economy. O'Neill believed in February that a economic rebound was…

Political Economy

Mexico goes hat in hand to the IMF

Edward Harrison Mar 31, 2009

This comes from Win Thin, a senior currency strategist at Brown Brothers Harriman: Mexico President Calderon is now saying that Mexico stands ready to take a $30-40 bln IMF credit line. This was a surprise to us, and we view this as a…

Political Economy

Arianna Huffington asks why the banks are getting a better deal

Edward Harrison Mar 31, 2009

This clip is very much in line with my thinking from a previous post.

Economy

Ukraine: economy shrank 25-30% in first two months

Edward Harrison Mar 31, 2009

If you want to know what a modern-day depression looks like, try Ukraine. Growth in the ex-Soviet state, hit by shrinking markets for its steel and chemical exports, stood at 5.8 per cent of gross domestic product in the same period of…

Markets

Case-Shiller offers up another depressing spectacle in U.S. housing

Edward Harrison Mar 31, 2009

You might have thought house price declines were slowing. I certainly had hoped so. The latest data from January 2009 from the S&P/Case-Shiller index suggests this is wishful thinking as year-on-year declines hit another record of…

News

Links: 2009-03-31

Edward Harrison Mar 31, 2009

Obama's Mid-Term Election - Nate Silver on 2010 Congressional Elections Do Democrats need an economic miracle to avert a serious setback in congressional elections next year? The stats guru's new model shows that Obama will need about a…

Markets

Is China avoiding using US dollars?

Edward Harrison Mar 31, 2009

In the wake of recent statements by Chinese officials about the dollar and dollar assets (see our previous comments here, here and here), it does seem like the Chinese are avoiding dolar-based transactions: China and Argentina have made…

Markets

Banks can do ‘You Walk Away’ too

Edward Harrison Mar 30, 2009

The website You Walk Away has become pretty popular because it teaches mortgage holders how to dump their properties on banks and get out from under their mortgage without losing everything. Apparently, banks are getting into the act too…

Political Economy

Obama’s GM plans: good moves, poor optics

Edward Harrison Mar 30, 2009

I like the fact that President Obama has drawn a line in the sand and signaled that no more funds will be given to U.S. automakers without their presenting a viable long-term plan for restructuring. Ultimately, the automakers cannot…

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