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 3 a.m. moment – McCain blows it

Edward Harrison Aug 9, 2008

Ben Smith has a good column on McCain's bellicose response to Russia's invasion of Georgia. Even George W. Bush has shown more statesmanship here.‘Invasion of Georgia’—a ‘3 a.m. moment’When the North Caucasus slid into war Thursday night,…

Markets

Chart of the day: low ARM rates

Edward Harrison Aug 9, 2008

This chart from the New York Times demonstrates visually what happens when the Fed lowers interest rates too much: it skews simple economic decisions like what type of mortgage product to use, often with unintended consequences. Similarly…

News

News round-up: 9 Aug 2008

Edward Harrison Aug 8, 2008

Markets Rand down 10% in five days - Fin24 (It's not just major currencies) Party crashers: China's stock markets dive as Games begin - LA Times Auction-Rate Buybacks: The Bottom Line - Deal Book Politics…

Economy

Are NATO expansion plans smart?

Edward Harrison Aug 8, 2008

Now that Russia has finally gotten belligerent after many a provocation, one has to ask whether the U.S. NATO expansion plans have been wise. Basically, the U.S. has tried to offer every Eastern Bloc country it could safe harbor under NATO…

Economy

National City Faces `Informal’ Probe Tied to Lending

Edward Harrison Aug 8, 2008

National City is one of the regionals under the greatest pressure and scrutiny. This Friday afternoon announcement has to make deposit- and shareholders alike very nervous.National City Corp., Ohio's largest bank, said the U.S. Securities…

Markets

Everyone’s house is worth less…except mine

Edward Harrison Aug 8, 2008

This is one of those things that make you go hmm.... But, hey, this is what people really think.The housing downturn has been under way for a while now, so it's hard to believe that many homeowners could still think their homes are…

Business

The Escalade Hybrid: now I know what to get for Christmas

Edward Harrison Aug 8, 2008

The Escalade Hybrid is here and I want one. It's almost as good as the Prius. It's like conservation without the sacrifice. (Do you sense the sarcasm?)

Economy

McCain and his anti-Russia rhetoric

Edward Harrison Aug 8, 2008

I am sufficiently concerned about John McCain and his foreign policy creds to write a blurb about his anti-Russia rhetoric and its likely effect now that Russia is on a rampage in Georgia.My colleague Lisa Lerer, traveling with McCain,…

Markets

Downward oil price momentum and the news cycle

Edward Harrison Aug 8, 2008

Haven't we been told time and again that much of the oil price rise was due to to external event risk like political instability and war? Well we've got this is spades and oil is still falling. Today, Russia has launched a war against its…

Political Economy

Interest rates, the pound and good news for Brits

Edward Harrison Aug 8, 2008

In an environment where the U.S. Dollar is rising and everything is falling, one needs to pay attention to the fine details. For me, its in the UK and its 5% base interest rate. Oil is now below $117 a barrel, so it stands to reason that…

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