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

The Roskilde Bank problem

Edward Harrison
Over the weekend the Danish Central Bank took over bankrupt Roskilde Bank, wiping out shareholders. Tiny Denmark has had a bankruptcy on its hands that is following the script of Northern Rock in the UK to a tee: After lending too much…
Markets

Confirmation bias

Edward Harrison
Last week, I showed two charts on returns on the Dow Jones Industrial Average that had two seemingly contradictory messages. In the first chart measuring 10-year returns, one could clearly see that long-term returns have been declining…
Economy

Chart of the day: interest rates

Edward Harrison
The global economy is in the relatively unique but unenviable position of being bullied by both recession and inflation at the same time. This leaves central banks in a bit of bind. The Federal Reserve has thrown all caution to the wind…
Economy

Bankrupt Danish Bank Roskilde sold

Edward Harrison
The bankrupt Danish Bank Roskilde received no bidders as the Central Bank of Denmark looked to unload the bank as quickly as possible. Roskilde got into trouble after the Danish economy turned down and loans it had made to home builders…
Blogs

Guest Blogger: Marshall Auerback

Edward Harrison
I am happy to announce that I am going to feature a guest blogger every week at the weekend. My guest host will be none other than Marshall Auerback of Prudent Bear fame.Many of you may recall, Marshall wrote the international column at…
Markets

UK mortgage crunch

Edward Harrison
I was listening to a money programme about the credit crunch in the UK this morning on my iPod Wake Up To Money (Podcast). They were discussing ways in which the credit crunch was made manifest to home buyers in the UK. In the broadcast,…
Economy

Random Musing: Technology vs. workers

Edward Harrison
When we think about outsourcing, we usually think about Call centers in India or manufacturing jobs in China. Well, what about automatic cashiers?I went to the local CVS (Shoppers Drug Mart or Boots for Canadian and British readers) this…

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