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: 2009-02-25

Edward Harrison Feb 25, 2009

Teed Off at Northern Trust - Deal Book German CDS debt spreads hit record as economy crumbles Japan exports drop 45% to new low - BBC News Citigroup May Sell Nikko Citigroup Unit in Japan, Mainichi Says - Bloomberg.com Hearst May Sell…

Political Economy

TALF: A bailout if one reads the fine print

Edward Harrison Feb 25, 2009

The TALF is a way for any and all comers, domestic and foreign, with toxic asset-backed securities, to dump those assets on to the U.S. government at taxpayers expense. This is happening right now right under your noses. At least the Fed…

Economy

Bloomberg talks Eastern Europe as Latvia downgraded

Edward Harrison Feb 25, 2009

Yesterday, Latvia was downgraded to junk. Despite its diminutive size, this is a big deal. Fist, it is a harbinger of what is to come for the rest of Eastern Europe. But, more importantly it is a signal that Western European banks…

Markets

Commercial real estate: down even more than residential

Edward Harrison Feb 24, 2009

The S&P Real Estate Index is down 60%. This segment gives a good overview of how commercial real estate is doing and what to expect going forward.

Economy

Russian economic collapse

Edward Harrison Feb 24, 2009

After 10 years of 7% growth, the Russian economy is set for a serious setback. The video below lays out some of the details.

Political Economy

EU planning 200 billion euro package for Eastern Europe

Edward Harrison Feb 24, 2009

This comes from Austrian Daily Kurier: A plan to stabilise the economies of Eastern Europe exists. What is missing is a united EU. During and after the Eastern Europe tour by Austrian Vice-Chancellor and Finance Minister Josef Pröll, the…

Markets

Case Shiller points to a grim U.S. housing market

Edward Harrison Feb 24, 2009

This comes from S&P's website (pdf): Data through December 2008, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the prices of existing single…

News

Links: 2009-02-24

Edward Harrison Feb 24, 2009

Tangible Common Equity… - Option ARMageddon Argentina’s Industrial Output Fell Most Since 2001 - Bloomberg.com Lonmin to cut 5 500 jobs - Fin24 South Africa Hairy Lips Sink Ships - Bill Gross, PIMCO Now What for the Big Banks?:…

Economy

Quote of the day: Wells and BofA are choking on acquisitions

Edward Harrison Feb 24, 2009

Chris Whalen, a well-regarded bank analyst, ran an interview piece with Nouriel Roubini on Barry Ritholtz's site. The conversation was very illuminating and I highly recommend reading the whole post linked below. However, I wanted to point…

Economy

Denmark: Fionia Bank collapses

Edward Harrison Feb 23, 2009

Denmark's 11th largest bank, Fionia Bank, has collapsed after massive writedowns of 1.2 billion Danish kroner. However, the company will not face liquidation. According to Politiken, Instead of bankruptcy, Fionia's assets will be…

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