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.

Monetary System

Trashing cash

Edward Harrison
This morning in an e-mail exchange with Marshall Auerback, I questioned why the U.S. Dollar was rising so precipitously. I do understand much of this has to do with a need to refinance dollar-denominated borrowing by international…
Economy

Jobless claims up this week

Edward Harrison
Jobless claims came in at 478,000 for the previous week, up from 463,000 the week before. But continuing claims were down 6,000 on the week to 3.720 million from 3.726 million.While the one-week continuing claims number is fine, all…
Markets

When is the next panic?

Edward Harrison
For those of you who have been following things, you know we have had three panics since the credit crisis began. The first was in August 2007. The 2nd after Bear Stearns collapsed and the third was creeping up after IndyMac and the GSE…
News

Links: 2008-10-22 [del.icio.us]

Edward Harrison
Asian Market Losses Deepen - NYTimes.comAsian stock markets headed into another day of steep falls on Thursday, led by the Nikkei 225 index, which plunged more than 7 percent in morning trading.African free trade zone is agreedThe leaders…
Blogs

News Feed

Edward Harrison
Today I added My News Feed to the blog's sidebar, so that anyone visiting the site can also see the news items that we post once daily as a part of my RSS Feed and Newsletter.The benefit of the feed and newsletter version is that all the…
Markets

Chart of the day: US Dollar

Edward Harrison
Something dramatic is happening in the currency markets. I commented on this in my post "US Dollar rising dramatically." These currency moves are related to international dollar debt, the carry trade unwind and expected interest rate cuts…
Markets

US Dollar rising dramatically

Edward Harrison
The U.S. Dollar is rising once again. As the realization kicks in that the U.S. will not be alone in its economic struggles, currency traders are making major bets that interest rates will fall outside of the U.S. across the board. The…
Business

Yahoo: run into the ground

Edward Harrison
I need a chance to vent about one company that just released earnings: Yahoo! I worked at Yahoo! for a number of years in a former life. It is a great brand and was a great company. But, the place has clearly been run into the…

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