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.

Canada: how much of a slowdown should we expect?

Edward Harrison Dec 18, 2008

I am going to post a BBC article here that gives an anecdote about western Canada and how the boom in oil and commodities is causing economic problems there. Make of it what you will, but my bottom line is that Canada is neither immune from…

Business

Rio Tinto: all kinds of trouble

Edward Harrison Dec 18, 2008

Just months ago, Rio Tinto was a behemoth swaggering from the huge run up in commodity prices. This is a company that had revenue of nearly $30 billion and net income of nearly $8 billion in 2007. It was worth over $160 billion by May as…

News

Links: 2008-12-17

Edward Harrison Dec 17, 2008

After yesterdays melt-up on the Fed's decision to go ZIRP and introduce quantitative and qualitative easing, things are a bit calmer today. Here's what I have. Enjoy. Ed

Markets

U.S. Dollar: Cliff Diving Again

Edward Harrison Dec 17, 2008

Is this an unorderly decline for the dollar? These last two days have been bad for the dollar. We are seeing heavy losses against the Swiss Franc, the Euro, the Australian Dollar, and The Japanese Yen.

Markets

Jamie Dimon on the economy

Edward Harrison Dec 17, 2008

It's interesting to hear a chief executive of a major Wall Street firm speak openly and on the record about the economy. So, it's refreshing to watch this video and see Jamie Dimon's take on a number of economic issues ncluding house prices…

Markets

Quote of the day: “The cash has to go somewhere”

Edward Harrison Dec 17, 2008

With Treasury securities at all time lows you get the feeling fundamentals is not the only thing driving the rally in U.S. government bonds. After all, the Fed has been lowering interest rates and showering the financial sector with money.…

Economy

Morgan Stanley’s writedowns bring us to a cool $1 trillion

Edward Harrison Dec 17, 2008

Morgan Stanley released a dismal earnings report one day after Goldman's. Obviously this is shaping up to a be a very bad quarter for financial institutions. Morgan's $2.2 billion loss was certainly less than Goldman's but very large…

Monetary System

Inflation explained

Edward Harrison Dec 17, 2008

This video from the 1930s is a timeless piece of work, giving an explanation of what inflation and deflation are and how they work. (hat tip Tim Iacono)

Monetary System

Picture of the day: Planet ZIRP

Edward Harrison Dec 17, 2008

hat tip jka on economics UK

Monetary System

U.K. central bank does not follow Fed to ZIRP

Edward Harrison Dec 17, 2008

The U.S. Dollar got more bad news today when the Bank of England (BoE) decided to not follow the U.S. Federal Reserve's lead to a Zero Interest Rate Policy (ZIRP). The BoE was seen as the most likely to follow in the Fed's footsteps as i…

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