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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

Patrick Buchanan throws in the towel

Edward Harrison Oct 28, 2008

Patrick Buchanan has given up on any chances of McCain winning this election judging by his last blog post. The title alone says it all. In a missive titled "Obama’s First 100 Days" Buchanan asks what an Obama Administration will look like.…

Economy

Writedown News: 28 Oct 2008

Edward Harrison Oct 28, 2008

This week, I can practically repeat what I said last week verbatim - so, I will.Writedowns continued unabated despite the easing global credit markets. While we should see a bear market rally due to this easing, the ill effects of a global…

Economy

Quote of the day: William Jennings Bryan

Edward Harrison Oct 28, 2008

This is a quote from the populist American politician William Jennings Bryan, a Democrat famous at the beginning of the last century."There are two ideas of government. There are those who believe that if you just legislate to make the…

Markets

Case-Shiller: home prices fall even further

Edward Harrison Oct 28, 2008

The S&P/Case-Shiller® Home Price Indices were released today. They showed a further decline in home prices in the United States through August 2008 (the data most recently available). In the year to August, prices dropped 17.7% for the…

Markets

Valero crushes earnings: I was wrong

Edward Harrison Oct 28, 2008

A while back, as I scanned the wreckage of the market meltdown, the energy sector caught my attention. In particular, I noticed the refining and oil services sectors because they are not as beholden to falling prices as the Exploration and…

Markets

Massive short covering at VW and massive losses for hedgies

Edward Harrison Oct 28, 2008

I ran across a very disturbing news item today that is getting a lot of press in Germany. Apparently, the leveraged finance community is getting routed at the German Automaker VW. The crux of the situation is that Porsche, which controls…

News

Links for 2008-10-27 [del.icio.us]

Edward Harrison Oct 28, 2008

GOP 'mavericks' concerned with McCain - Politico In the past week alone, a handful of liberal, moderate and independent-leaning Republican officials have publicly announced they are supporting Barack Obama.Messy trial ends with a decisive…

Political Economy

Nationalized banking predators

Edward Harrison Oct 27, 2008

As with everything else, the bailout of the U.S. banking system is going to have unintended consequences. One of them seems to be giving exactly those firms that wasted billions of shareholder money a chance to double down. Flush with…

Markets

Subprime good, prime bad

Edward Harrison Oct 27, 2008

The latest trend in the U.S. housing market is the move of problem loans from the subprime category and into Alt-A and prime mortgages. We have been sounding the alarm bells on this since about June. See the related posts below. However,…

Markets

Chart of the day: Aussie – Yen cross

Edward Harrison Oct 27, 2008

Of the major currencies, the Japanese Yen has been the strongest in the last few months, while the Australian Dollar has been the weakest. These two currencies have also been the most conspicuous in the Japanese carry trade. That trade is…

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