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

Germany: Hertie as a symbol of recession

Edward Harrison Jan 28, 2009

A few months ago, the Germans were very resistant to the notion that Germany would also suffer greatly in this global downturn. Yet, as the months have past, it has become increasingly apparent that exports from Germany and retail spending…

News

Links: 2009-01-27

Edward Harrison Jan 27, 2009

Animal Spirits Depend on Trust - Robert Shiller, Wall Street Journal Geithner enlists lobbyist as top aide - Jeanne Cummings - Politico.com (Hat tip Marshall) Argentina’s B- Rating Affirmed by Standard & Poor’s Ratings - Bloomberg.com…

Economy

Bad behavior in financial services

Edward Harrison Jan 27, 2009

In case you missed it, Freddie Mac and Fannie Mae have cost taxpayers tens of billions to date. The bill is still rising, however, as the two companies are looking for $50 billion more to avoid technical insolvency. Then there is…

Markets

Case-Shiller: Across the board deterioration in every market

Edward Harrison Jan 27, 2009

I have yet to read what the media has reported on the new Case-Shiller Housing Index numbers for November 2008. However, I have crunched the numbers and they do not look very good. For the Composite-20 list of cities, the index is down…

Political Economy

Seven reasons to be skeptical of Obama’s economic plans

Edward Harrison Jan 27, 2009

Government policy must be well-crafted in order to avoid negative unintended consequences that arise when the government inserts itself into the private sector. And this is where I am having a problem with the Obama Administration.…

Economy

The Blame Asia Meme

Edward Harrison Jan 27, 2009

There seems to be a blame game making the rounds in policy circles these days in which Asia is at fault for the credit crisis and economic downturn. The meme goes like this: Everything was fine until the Asians started manipulating their…

News

Links: 2009-01-26

Edward Harrison Jan 26, 2009

I am out of commission for most of the day, but here are a few articles that I ran across last night and early this morning. I should be posting more later tonight. Cheers. Ed Bad news: we're back to 1931. Good news: it's not 1933 yet -…

News

Links: 2009-01-25

Edward Harrison Jan 25, 2009

'Drug money flowed into banks' - Fin24 South Africa (This is a must-read article) California’s First Centennial Bank Shut by Regulator - Bloomberg.com (Another FDIC Friday night special) Older workers escaping the ax - MSN Money (Very…

Political Economy

Warren Buffett: Don’t expect miracles from Obama

Edward Harrison Jan 25, 2009

You may have already seen the Warren Buffett interview on Dateline from last Sunday. In it, he gives a sober analysis of what to expect from the new Obama Administration in terms of economic policy. The long and short of it is that we…

Markets

Dividends are under pressure

Edward Harrison Jan 23, 2009

Update 08 Mar 2009: Remember this: Wells Fargo gave anxious investors a pleasant surprise Wednesday, reporting a profit drop that was milder than anticipated and lifting its quarterly dividend by 10 percent. Wells Fargo’s…

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