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

Industrial production implodes

Edward Harrison
The real economy in the U.S. is already in recession, even as we fight the effects of a financial market meltdown. Industrial production numbers for the United States came out and it was down a massive 1.1% for August. That means a…
Economy

Lehman has filed for bankruptcy

Edward Harrison
Update: 815AM EDT: Unable to find buyers in around the clock talks, Lehman Brothers has filed for bankruptcy protection. On Friday, it was learned that Lehman had hired bankruptcy attorneys. Now, the worst has come to pass: Lehman has…
Markets

Brace yourself!

Edward Harrison
In case you missed it, the financial system in the U.S. is near collapse. This weekend was unbelievable. Lehman Brothers filed for bankruptcy. The world's largest insurer AIG is looking for the Fed to help it avoid collapse and Merrill…
Economy

Merrill – Bank of America deal

Edward Harrison
It has now been confirmed that Bank of America has bought Merrill Lynch for $44 billion. Originally, Bank of America had been in the running to buy Lehman Brothers but balked at Lehman's black hole of a balance sheet. The U.S. Government…
Economy

AIG: looking to raise $20 billion

Edward Harrison
Update: 810 PM EDT: Rush Is On to Prevent A.I.G. From Failing Update: 1045 PM EDT: A.I.G. Seeks $40 Billion in Fed Aid to Survive Update: 810 AM EDT: See my post on what to expect this morning in the market and my (cursory) analysis of the…

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