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

Loss aversion and finding a bottom

Edward Harrison
About five years ago, Daniel Kahnemann won the Nobel Prize in Economics for his work on Behavioral Economics. This was a breakthrough because the financial markets and the economics profession had been dominated by the "efficient market,"…
News

News round-up: 8 Aug 2008

Edward Harrison
Top BillingSolutions may make credit crunch worse - BBC News (a good read for understanding why tinkering makes it worse)EarningsFannie Mae Posts Fourth Straight Loss, Cuts Dividend - Bloomberg (Following FreddieMac, wasn't it obvious…
News

News round-up: 7 Aug 2008

Edward Harrison
Economists: Most Stimulus Went Into Savings - Real Time Economics (if the government is looking to goose the economy, maybe infrastructure projects would be more effective)Should the Fed Announce Inflation Targets? - Real Time Economics…
Economy

BOA gets its auction rate comeuppance

Edward Harrison
The auction rate securities lawsuit bonanza is the gift that keeps giving for litigation attorneys. Bank Of America is the latest bank to be caught up in this dance. Bank of America Corp., the largest U.S. commercial bank, said Thursday…
Economy

What AIG’s losses mean

Edward Harrison
AIG has long been one of the largest and best-capitalized insurance and financial-services organization in the world. Before recent scandals, it was one of a few S&P 500 corporations in the U.S. with a AAA rating. Yet, it just reported…
Economy

Credit conditions

Edward Harrison
As we are now one year in to the credit crunch, it is obvious to anyone how widespread and deep this credit crisis really is. I have been doing a lot of thinking about the 'light at the end of the tunnel.' Quite frankly, there is none.…

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