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.

Political Economy

Russia: playing chicken with Ukraine over natural gas

Edward Harrison Jan 4, 2009

As an article in my links yesterday suggested, for many in the west, Russia's behavior of late has lurched toward the unpredictable, volatile and aggressive. After Russia's moves against Georgia in South Ossetia, wariness in the west has…

News

Links: 2009-01-03

Edward Harrison Jan 3, 2009

British interest rates may sink to lowest since 1694 - Telegraph BBC NEWS | Romanian fear amid economic gloom Russia: Energy enigma, gas theories abound - BBC News Bloomberg.com: Oil Caps Biggest Weekly Gain Since 1986 on Geopolitical…

Markets

The $103,000 shack: a perfect explanation of why housing is a mess

Edward Harrison Jan 3, 2009

If you are wondering why the U.S. housing market is a mess, watch this video about a $103,000 mortgage that was used to finance a shack --literally, a shack. Of course, the mortgage was packaged with a bunch of others into a mortgage…

Markets

Stephen Roach: “Rates can go to unusually low levels for much longer than people think”

Edward Harrison Jan 2, 2009

With the global economy n recession and inflation headed toward zero, government bonds are looking like the best place to put ones money. As a result, we have seen yields on these assets drop to incredibly low levels in the world's largest…

Economy

David Rosenberg: This is the Great Depression II

Edward Harrison Jan 2, 2009

David Rosenberg has been one of the voices of reason warning of excesses during the recent boom and predicting the unraveling to which we are now witness. I have quoted him liberally here. There is a very good piece on Rosenberg in the…

Political Economy

Will federal largesse be countered by state and local cutbacks?

Edward Harrison Jan 2, 2009

There has been a general outcry for economic stimulus on the part of the North American, U.K. and Eurozone federal governments to counteract the fall in private sector consumption. In the U.S. and the U.K. in particular, this message is…

News

Links: 2009-01-02

Edward Harrison Jan 2, 2009

I am still playing a bit of catch up with my e-mail, reading and writing, so I won't be linking out to any interesting blog stories today. However, I did want to give you a taste of what I thought were the most relevant news stories on the…

Political Economy

A quick note on corporate bankruptcy and bailouts

Edward Harrison Jan 2, 2009

Bankruptcy is a necessary part of a free market. I certainly believe this to be so. Rick Newman, who writes the blog "Flow Chart" over at U.S. News, is putting forward the provocative idea that failure is exactly what we needed more of in…

Economy

U.S. ISM manufacturing survey hits 28-year low

Edward Harrison Jan 2, 2009

The Institute for Supply Management released its monthly manufacturing survey for the Unite States today. The data show a fall from 36.2 to 32.4 where 50 represents the divide between recession and expansion. The 32.4 figure represented…

Daily

Top ten economic wishes for 2009

Edward Harrison Jan 2, 2009

Happy New Year. As the new year begins, I find myself in a fairly optimistic frame of mind. Perhaps, we can wipe the slate clean and start anew this year. In that vein, let me share with you what I think needs to be done in order to right a…

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