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

ISM Manufacturing Index plummets

Edward Harrison
If you were not convinced about the severity of the present recession in the United States before, then the ISM Manufacturing index data for October will serve as a wake-up call. The index plunged to the deep recessionary level of 38.9…
News

Links: 2008-10-31 [del.icio.us]

Edward Harrison
Our News Feed Many Homeowners Think They’re Immune to Price Declines - Real Time Economics“We're seeing a fascinating distinction in consumer psychology — on the one hand, homeowners appear to understand the reality of today's economy and…
News

Links: 2008-10-30 [del.icio.us]

Edward Harrison
Subscribe to Our News Feed CBS posts $12.5 billion loss with writedown - Reuters NEW YORK (Reuters) - CBS Corp reported a massive quarterly loss on Thursday, as a rapidly deteriorating advertising market tarnished the TV and radio…
Economy

The GDP deflator

Edward Harrison
This post is a guide to understanding the GDP deflator, which the government uses to arrive at the economic growth numbers we all hear on TV or read about in the newspaper. This post is the product of a lot of background research and…
Economy

Jobless claims in holding pattern

Edward Harrison
No change. That's what we see from this week's jobless claims numbers. The 4-week average number is up 145,750 from a year ago. That's a bonus because three weeks ago this number was 166,500 and has fallen for three weeks on the trot.…
Economy

Breaking down the Q3 GDP numbers

Edward Harrison
So the numbers are in and the U.S. economy shrank 0.3% n the third quarter. That is a low number, but it is better than expected. The U.S. economy looks like it is in recession based on these numbers. However, before we go away…

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