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

US inflation at 17 year high

Edward Harrison
The U.S. inflation figures came out and they were worse than expected, pushing the annual inflation rate up to 5.6%. This is the highest inflation rate since 1991. Nevertheless, most economists greeted the rise, fueled by a 30% increase…
Economy

French economy contracted in Q2

Edward Harrison
This from BloombergThe French economy, the euro- region's second largest, contracted in the second quarter for the first time in five years as exports declined and companies cut investments. Gross domestic product fell 0.3…
News

News round-up: 14 Aug 2008

Edward Harrison
The key story today is pretty downbeat. It shows a global recession taking form. In the global recession section below are a number of stories from different newspapers I get in my RSS feeds from around the world. All of them are…
Markets

Sterling in freefall

Edward Harrison
Sterling has dropped 10 days on the trot, the most in 37 years. What does that tell us? Well, it tells me that people think the BoE will be cutting rates at some point soon. The Pound was over $2.10 in October 2007. Now it trades for…
Economy

Writedown news: 13 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 $501 Billion to date. That is on the…
News

News round-up: 13 Aug 2008

Edward Harrison
RecessionJapanese economy shrinking - BBC NewsU.S. retail sales dip in July - BBC NewsUK unemployment rise fastest since 1992 - GuardianForsaking Waitrose for Aldi - Times OnlineEuropean Industrial Output Stalled in June After Slump in May…

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