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.

Blogs

Google Reader

Edward Harrison Oct 2, 2008

Readers,I have noticed recently that Google Reader has been taking an annoyingly long time to update some of my RSS feeds. NewsGator and Microsoft Outlook clients do not seem to have this problem. I have been trying to get a straight…

Political Economy

US Senate passes Economic Patriot Act 74-25

Edward Harrison Oct 1, 2008

The Senate has now passed the bailout bill Economic Patriot Act that the Bush Administration had a heavy hand in crafting. This bill, while better than nothing, is unlikely to alleviate for long the acute problems the financial markets are…

Political Economy

Switzerland: politicians need to act now

Edward Harrison Oct 1, 2008

Hansruedi Ramsauer is one of the foremost German-language finance bloggers, writing over at the Swiss site Zeitenwende. In a recent post, he draws attention to the dire state of Swiss banking and calls on Swiss politicians to act now to…

Business

Auto sales plunge in September

Edward Harrison Oct 1, 2008

The numbers on auto sales were unbelievably bad for September -- Ford down 34%. Honda down 24%, Toyota down 32%, Nissan down 37%. Amazingly, G.M. was at the head of the pack with sales down only 16 percent. (I guess those Escalade Hybrids…

Economy

Buffett to invest in General Electric

Edward Harrison Oct 1, 2008

Warren Buffett is all over the place these days. He was busy investing at Constellation Energy and Goldman Sachs. Now, he's investing at GE -- $3 billion at that. Judging by his market timing approach, it does seem assets are cheap…

Economy

US manufacturing suffers a steep decline

Edward Harrison Oct 1, 2008

The ISM Manufacturing survey, a widely-followed gauge of manufacturing activity in the United States, plunged in September from a near-recession reading of 49.9 in August to the deep recessionary level of 43.5. This shockingly steep fall…

Economy

Hedge Funds

Edward Harrison Oct 1, 2008

For a few months now, I have been wondering where all the hedge fund fallout from global market turmoil was hiding. Now it seems that the turmoil in the hedge fund world is becoming more apparent -- hedge funds are imploding left and right…

Political Economy

S&L crisis chronology and accounting rules

Edward Harrison Oct 1, 2008

The FDIC has a chronology of the Savings and Loan crisis on its website. I think they do a pretty good job of highlighting all the key points without slanting things for political purposes. See the link at the end of the post for the…

Political Economy

Nouriel Roubini: Bloomberg Interview on Banking Crisis Plan

Edward Harrison Oct 1, 2008

Yesterday, Nouriel Roubini, Professor of Business at New York University and most prescient prognosticator of the bubble, gave an interview to Bloomberg Radio. This is one of the most comprehensive interviews I have heard him give. It is…

Economy

Worse than the Great Depression

Edward Harrison Oct 1, 2008

The next time you hear someone say that things are worse than the Great Depression now, do me a favor and smack them upside the head for me, please. This is the kind of nonsense you hear nowadays and we need to dispel these myths right…

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