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.

News

Links: 2009-02-27

Edward Harrison Feb 27, 2009

Eminem's latest day in court likely to be felt far and wide - NZ Herald (this concerns a lawsuit on how much royalties artists should get fordigital music. Steve Jobs is testifying. It's a very big deal) A bruised Warren Buffett to look…

Political Economy

A few words from a reader on TALF mechanics

Edward Harrison Feb 26, 2009

In my post TALF: A bailout if one reads the fine print, I did not make any comments about the quality of the assets to be used as collateral or the mechanics of the operation. While much of this information has already been supplied by the…

Markets

Jeremy Grantham: “Pull the trigger”

Edward Harrison Feb 26, 2009

In a Fortune article about how the market is hitting new lows, Jeremy Grantham predicted we will see a material new low. He's talking about 600, or mind you, 450 on the S&P 500. Now, that's low. Nevertheless, he's fairly bullish…

Political Economy

Jamie Galbraith: Stimulus not enough

Edward Harrison Feb 26, 2009

James Galbraith, a well-known professor at the University of Texas-Austin has joined Paul Krugman in declaring Barack Obama's nearly $800 billion stimulus plan too small. Below is a video from the Wall Street Journal explaining why the…

Economy

RBS reports a record loss of 24 billion pounds

Edward Harrison Feb 26, 2009

Royal Bank of Scotland just reported a record loss for a Britsh company of £24.1 billion pounds. That's about £400 for every living soul in the country:

Markets

Nationwide: U.K. house prices down 17.6% in year to Februay

Edward Harrison Feb 26, 2009

The Nationwide has released its latest house price survey, showing a very large 1.8% fall in British house prices between January and February 2009. This brings the yearly decline to a record 17.6%. Yet, incongruously, the Nationwide…

News

Links: 2009-02-26

Edward Harrison Feb 26, 2009

Citigroup close to reaching deal with government: report - Reuters The Banks's Rigged Stress Test - Dean Baker Renters Lose Edge on Homeowners - WSJ.com TARP Said to Be Ripe for Fraud - WSJ.com £650,000 pension for former RBS chief Sir…

Markets

John Paulson: Distressed assets best opportunity in a lifetime

Edward Harrison Feb 25, 2009

The overall stock market may be declining, but that does not mean there are no bargains to be had. Witness this article about John Paulson, the famed hedge fund manager who made billions shorting stocks over the past years. Distressed…

Economy

Citigroup and Redecard: shedding international assets

Edward Harrison Feb 25, 2009

Citigroup is looking to raise capital and shed assets in order to deleverage and prevent a worst-case outcome for the financial institution. Case and point is the fact that the company is putting its Brazilian subsidiary Redecard on the…

Political Economy

Did Sweden really nationalize its banks?

Edward Harrison Feb 25, 2009

Since everyone seems to be talking about nationalization and pointing to Sweden as a model for the future, one should ask whether Sweden actually nationalized anything. No one is talking about outright Hugo Chavez-style expropriation here.…

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