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

Writedown News: 07 Aug 2008

Edward Harrison Aug 7, 2008

After a week's holiday, I have a huge backlog of stories on offer. Below are the latest writedown stories from the web that I have seen. For the full timeline of news, visit my credit crisis timeline.Also see my list of Bankrupt Global…

Economy

Jobless Claims up with a vengeance

Edward Harrison Aug 7, 2008

A week ago, jobless claims rose to a multi-year high of 448,000 on the back of seasonal adjustments. This week is no different, but there are some telling changes that make this week's numbers more worrisome.First, jobless claims hit a…

News

News Tidbits: 6 Aug 2008

Edward Harrison Aug 6, 2008

New Zealand 'enters recession' - BBC News (Add New Zealand to Denmark which is already in recession)UK pensions are 'back in the red' - BBC News (I haven't focused nearly enough on this issue. It never really went away. The bear market…

Monetary System

Unrealized gains in wealth

Edward Harrison Aug 5, 2008

I've been thinking a lot about unrealized gains and their effect on the global economy. if you remember, I wrote a few weeks ago about a new debit card that lets people tap the money from their 401(k) plan. I think these cards are a bad…

News

News Tidbits: 5 Aug 2008

Edward Harrison Aug 5, 2008

Riches to Rags - NY Times (article about Kevin Phillips' Bad Money -- great book)Credit crunch: The blame game - BBC News (Interesting compilation of pundits' take on who caused the crunch)Wary investors see banks as cheap - BBC News (I…

Monetary System

Fiscal policy limited in the UK and the US

Edward Harrison Aug 5, 2008

Clive Crook of the Financial Times rightly takes on the Bush Administration and its squandering of hundreds of billions of dollars of fiscal surplus on war in Iraq and ta cuts for the wealthy. In this time of economic crisis, the U.S. is…

Political Economy

Is Alan Greenspan self-serving?

Edward Harrison Aug 5, 2008

In today's Financial Times, former U.S. Federal Reserve chairman Alan Greenspan has taken the unusual step of playing market pundit even while his successor struggles to deal with the mighty financial turmoil he engendered. It is highly…

Monetary System

A few more quick thoughts on GDP

Edward Harrison Aug 2, 2008

Looking more closely at the data on U.S. GDP, a number of things emerge. First, I should add that the GDP deflator does not include import prices. So, one good reason it was so low last quarter is because it didn't factor in the 28% rise…

News

Lightning commentary round: I can’t stay away

Edward Harrison Aug 1, 2008

You thought I was on vacation? Well, I am, but I want to make a few comments about the goings on today as a lot of data came out. Here is the lightning round in no particular order (sorry Cramer, I'm stealing your tag line)Thousands face…

Summer Holiday

Edward Harrison Jul 31, 2008

The day has finally arrived. It's August and time for a holiday in the sun. I am off with the family for a little rest and relaxation through next week. I will be blogging intermittently, so please check back in.Have a great week.

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