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

Hedge Fund Panic

Edward Harrison
If you recall, I have been warning for a while now that hedge funds were going to take a beating. There are many progosticators out there including Nouriel Roubini which feel that many hedgie bankruptcies are on the way. Below is a…
Economy

National City sold

Edward Harrison
PNC, down only 13% this year-to-date, very good for a bank stock, is acquiring beleaguered Ohio bank NCC for $5.5 billion. The price represents a huge discount to the prevailing market price before open today and NCC was down 34% in early…
News

News round-up: 24 Oct 2008

Edward Harrison
Where can we start? There is so much news - all of it negative, I have news coming out of my ears. Let me do this news round-up a bit more like a live-blogging session then.All of this started, in my opinion, because credit markets seized…
Blogs

Market Crash: News Feed

Edward Harrison
Due to the market crash today, I will be making extra heavy posts. But, rather than over-post on the blog, I will be posting news items in the News Feed. Please check My News Feed in the sidebar.
News

Links: 2008-10-23 [del.icio.us]

Edward Harrison
Subscribe to my News Feed   Inequality in major U.S. cities rivals Africa: U.N. UNITED NATIONS (Reuters) - Major U.S. cities including New York, Washington, Atlanta and New Orleans have levels of economic inequality that rival…
Markets

Markets are in absolute freefall

Edward Harrison
The news on markets around the world is particularly dire this morning. Despite a late day rally in the U.S., markets in Asia and Europe are down as much as 9 and 10% and S&P Futures are 60 limit down. This is going to be a very ugly…
Markets

Quote of the day: Warren Buffett

Edward Harrison
In a recent post I said that I was selectively scanning for value plays at this level. A reader asked me the legitimate question: "Why would anybody buy anything in this market?" Basically, he was questioning my sanity.I am entirely sane…

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