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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

Katie Couric: What newspapers do YOU read?

Edward Harrison Oct 1, 2008

In her interview with Sarah Palin, Katie Couric asked the vice-presidential candidate what newspapers she reads to get current on world affairs. Palin's response was: "ALL of them." Take a look at the video below.Before the last week or…

News

News Round-up: 1 Oct 2008

Edward Harrison Oct 1, 2008

Times are tough! So, what should we do? Escape, of course... to house heaven. I have a few dream spots where one could move to forget about all the market turmoil to start things off right in our round-up.For those of you who want the…

News

News round-up: 30 Sep 2008

Edward Harrison Sep 30, 2008

Today was an up day on Wall Street. After a day of untold carnage and pain in markets around the globe from Tokyo to London to New York and back again, we seem to have found a relief rally. There is still much work to be done, but enjoy…

Markets

485 points on the dow (to the upside)

Edward Harrison Sep 30, 2008

It's not 777 points, but 485 points up will have to do for anyone who is not excited about a market crash. Financials were way up today despite the fact that Paulson's Economic Patriot Act was torpedoed by Congress. Let's savour the…

Political Economy

Why the bailout’s failure was a good thing

Edward Harrison Sep 30, 2008

Everyone's dancing and cheering now that the bailout has been rejected. So, as Ice-T used to say, "Bust the cork on the Moët!" (image via Flickr).The market's up 500 points and all is well and swell. The guys over at Lombard Street Research…

Markets

US Home prices down 16% over last year

Edward Harrison Sep 30, 2008

The headlines about home prices are pretty dire, showing a record plunge in home prices of 16.3% over last year. In reality, it's not all doom and gloom. So, let's dig behind the headlines about the S&P/Case-Shiller Index released…

Economy

Writedown news: 30 Sep 2008

Edward Harrison Sep 30, 2008

For me, the most important events of late have been the European banking sector meltdown. Just last week, German officials were lecturing the UK and the U.S. about their banking systems and now we see a number of European institutions…

Political Economy

Ireland guarantees bank deposits at six banks

Edward Harrison Sep 30, 2008

Update: While the Irish were following the Swedish script, it became clear to me shortly after I wrote this that the bank debt guarantees were not a good idea. This post from Willem Buiter explains it best. Along with American and…

Political Economy

The global economy has crashed: we need a comprehensive credit crisis plan

Edward Harrison Sep 30, 2008

Despite the fall in markets, Congress's not having passed the Economic Patriot Act may be a blessing in disguise. The FTSE is trading up. Dow futures show a rise of 170 points. So, maybe the sell-off was a one-day event. In any event, it…

Markets

S&P 500 off 8%, Dow off 667 points, and Nasdaq down 9%

Edward Harrison Sep 29, 2008

UPDATE 6:15 PM ET: The Dow ended down 777 points for it's largest one day loss ever. The S&P and Nasdaq were both off 9%. The futures market show even greater losses are expected tomorrow.A brutal day in the markets was made that much…

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