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

Flight to quality?

Edward Harrison
Since June, bond yields have fallen to the point where the U.S. government is getting paid to borrow money right across the entire yield curve. The 10-year is 3.8%, while inflation in the U.S. is 5.6% . What gives? This is either a flight…
Economy

Writedown news: 21 Aug 2008

Edward Harrison
Below are the latest writedown stories from the web that I have seen. For the full timeline of news, visit my credit crisis timeline. Bloomberg recently updated their tally of writedowns to arrive at $503.8 Billion to date. That is on…
News

Round-up: 21 Aug 2008 – lite version

Edward Harrison
Oil surges above $120 as tensions rise - Fin 24 (A bit of a delayed reaction, if you asked me. Oil gapped way up $5 today. Huge move. Last I saw it was at $121)Lone Star Funds to take over IKB - BBC News (So I guess American buyout shops…
Economy

Chart of the day: Total US Debt

Edward Harrison
Back in May, I showed you a chart of Total U.S. Debt which demonstrated that the United States was an increasingly indebted country. This chart was for all domestic debt minus financials and it topped out at about 225% of GDP. Below is…
Economy

Jobless claims: 432,000, down 12,000

Edward Harrison
U.S. jobless claims were down 12,000 this week to 430,000. However, the 4-week average increased to 445,750 and is now 125,750 higher than a year ago. Over the past 4 or 5 weeks, claims have spiked up in part due to the extension of…

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