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

Jobless claims end year nicely under 500,000

Edward Harrison Dec 31, 2008

It was nice to see a sub 500,000 jobless claims number to end the year after an ugly November and December. However, should note that the fine print is not as good because this number was completely dominated by seasonal adjustments. The…

Economy

Is this Austrian real estate company a canary in the coalmine?

Edward Harrison Dec 30, 2008

Trolling the web today as is my wont, I happened across an interesting article about the Austrian finance company Immofinanz. It seems that Immofinanz got caught up in the Eastern European property market. Unfortunately, its investments…

Political Economy

GMAC: Loosening credit standards in the teeth of recession

Edward Harrison Dec 30, 2008

It may sound counter-intuitive to loosen credit standards when we are on the cusp of major job losses and bankruptcies. But, this is exactly what the newly minted bank GMAC is going to do with its free money from the TARP (Troubled Asset…

When will Sterling hit Euro parity?

Edward Harrison Dec 30, 2008

I caught a good article in today's Guardian about the British Pound. The question is: how weak will Sterling get? My answer is below 1-to-1 with the Euro. But before I tell you why, let me interject a blurb from the article.

Markets

Case-Shiller index: Across the board declines in U.S. housing

Edward Harrison Dec 30, 2008

The S&P/Case-Shiller Index for U.S. housing came out today. It was a pretty nasty little report. It showed a clear acceleration in home price declines for the month of October, the latest month for which data is available. In the…

Popular

Top ten predictions for the 2009 global economy

Edward Harrison Dec 30, 2008

In my most recent post, I gave a fairly comprehensive retrospective of the year that was. Near the end of that post, I listed a number of posts I wrote in Octobr and November which point to how I see 2009 shaping up. Let me give you a…

Daily

My best and worst calls of 2008: a credit crisis retrospective

Edward Harrison Dec 29, 2008

This is the time of year when everyone tends to look back and sum up the year in one way or another. I have been doing much of the same. In keeping with that theme, I have taken a good look through my nearly 1400 posts to get a better…

Political Economy

Global instability must be contained in 2009

Edward Harrison Dec 27, 2008

I want to make a brief statement about analysis, prognostications and this global recession. When I began this site nine months ago, my focus was clearly on the downside scenario. Now, while I did believe policy makers were underestimating…

Economy

U.S. unemployment claims rise sharply

Edward Harrison Dec 27, 2008

On Wednesday morning the U.S. Department of Labor released the latest report on claims for unemployment insurance. The week to December 20th saw 586,000 new claims for unemployment insurance on a seasonally-adjusted basis, which is a…

Blogs

Post Christmas admin message

Edward Harrison Dec 26, 2008

Hello again. I hope you all had a good few days away. I will keep posting fairly light today as we have one day left until the weekend. This is a brief housekeeping post. I wanted to alert you to a number of changes we have made to the…

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