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.

Monetary System

Defined benefit, defined contribution and the hierarchy of needs

Edward Harrison Jan 12, 2009

We are in a secular bear market. What this means for many pensioners or for many about to become pensioners is great uncertainty about the quality of their retirement. I expect this uncertainty to translate into anger regarding the move…

News

Links: 2009-01-12

Edward Harrison Jan 12, 2009

The earnings season starts soon and we shall see how much the latest upturn lasts. I expect stocks to decline this year. Remember, there was a huge rally in 1930 before reality set in. I do see today as similar. That's my commentary for…

Markets

Fred Hickey: Gold starts secular bull, tech ends secular bear

Edward Harrison Jan 12, 2009

Fred Hickey is bullish. This is big news. He has sold all of his puts for the first time in years and is now playing the markets from the long side. His favorite picks are in precious metals and technology. See the attached video during…

News

Links: 2009-01-11

Edward Harrison Jan 11, 2009

I am very happy that the weekend has been a fairly news-lite affair. It does seem like the worst of last September's panic is now over and we have moved to worrying more about the real economy than the financial system. Areas getting hit…

Political Economy

GM finding no takers on Saab?

Edward Harrison Jan 9, 2009

General Motors, struggling under the weight of a mountain of debt, is finding it difficult to raise cash. For one, the U.S. automaker is finding no buyers for its Swedish Saab unit, according to Swedish Daily "Dagens Nyheter."…

Business

GMAC chairman resigns effective immediately

Edward Harrison Jan 9, 2009

Coming on the heels of the Rubin resignation as it does, the resignation of Ezra Merkin as Chairman of GMAC makes it seem like a bit of shake up in financial services management is underway as 2009 begins. Merkin was tainted by the Madoff…

Economy

Jim O’Neill on the Global Economy

Edward Harrison Jan 9, 2009

The Chief Economist of Goldman Sachs sat down with the FT's David Oakley and had a go on a number of topics from the financial crisis, investments in Emerging Markets, the future of the Bric (Brazil, Russia, India and China) economies, to…

Economy

Rubin resigns from Citigroup

Edward Harrison Jan 9, 2009

This just hit the wires. Apparently, Bob Rubin has tendered his resignation at Citigroup. Here is he story from the Wall Street Journal:

Political Economy

Porn bailout: Debbie does Washington?

Edward Harrison Jan 9, 2009

I guess it's not just another stunt by Larry Flynt. The porn industry is hurting as the downturn bites. Sales are down 20%. And the annual Porn convention, the AVN Adult Entertainment Expo, going on now in guess which city has seen a…

News

Links: 2009-01-09

Edward Harrison Jan 9, 2009

The big news is the economy and President-elect Obama's reaction to it. The pundtitocracy has really been hammering him on his staff picks and the meat of his stimulus package. To be sure, there have been a few positive notes about Obama's…

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