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.

Markets

Hedge funds collapsing

Edward Harrison
CNBC and other media sources are reporting that a number of hedge funds are collapsing under the weight of poor performance and massive fund redemption. Given the market volatility in credit, sick, bond and currency markets, it was only a…
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John McCain as Dr. Frankenstein?

Edward Harrison
Jon Stewart had another very funny take on the political scene last night. He sees John McCain as a modern-day Dr. Frankenstein whose creation (an angry Republican base) has taken on a life of its own. Watch McCain's reactions to angry…
Economy

Writedown news: 15 Oct 2008

Edward Harrison
My last post's title "The panic is over" was a bit cheeky given the Dow was down an astounding 700-some points today. The crux of the matter is continued economic weakness due to slowing consumer spending. And that means more writedowns…
Markets

The panic is over

Edward Harrison
In 1999, Edward Chancellor wrote a wonderful book called "Devil Take The Hindmost," which I recommend to anyone who is interested in the history of bubbles, financial speculation, and market panics. In it, Chancellor traces the origins of…
Economy

Lehman was bankrupt

Edward Harrison
Just moments ago Federal Reserve Chairman Ben Bernanke gave a speech in which he said the following about Lehman Brother: "there was not enough collateral to support the lending." This was Bernanke's response to a question about whether…
Monetary System

The Economy’s Four Horsemen

Edward Harrison
Yesterday, I laid out some of my general thinking on the business cycle and the economy. Obviously, understanding the business cycle is important to economic forecasting and is, therefore, central to personal financial planning, general…
Economy

Chart of the day: Retail Sales

Edward Harrison
Yesterday, I said that investors would begin to focus on the real economy now that the financial crisis has eased somewhat due to massive government intervention. Today, retail sales figures for September 2008 were released by the United…

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