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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

Has the inflation damage already been done?

Edward Harrison Jul 21, 2008

As I write this, crude oil is well off its high of $147.50 on July 11. We are all eager for some sustained relief in the oil price. However, the right question at this point is: has the damage already been done?First, consumer inflation…

News

News Round-Up: 21 Jul 2008

Edward Harrison Jul 21, 2008

EconomyGiven a Shovel, Americans Dig Deeper Into Debt - NY TimesStarbucks Gets Pleas Not to Close Stores - WSJCredit crunch hits Hollywood as banks get tough on funding films - Times OnlineThe Nation: Too Big to Fail? - NY TimesThe US: the…

Markets

Quote of the day: 20 Jul 2008 – James Grant

Edward Harrison Jul 20, 2008

Have we, too, not suffered at the hands of what used to be called The Interests? Have the stewards of other people's money not made a hash of high finance? Did they not enrich themselves in boom times, only to pass the cup to us, the…

Economy

Retail sales: don’t be fooled

Edward Harrison Jul 19, 2008

You've probably heard the adage that the American consumer just won't quit. And this last month's retail sales numbers seems to follow that saying. However, if you look beneath the surface, American consumers are cutting back indeed.…

News

News Round-up: 19 Jul 2008 – weekend edition

Edward Harrison Jul 19, 2008

Top StoryWhy No Outrage? - James Grant, WSJ (A MUST read.)Jim Grant: "Why No Outrage?" - Naked Capitalism (Yves' take on the article, you've seen mine)Financial ServicesBanks responsible for the loss of trust - LA TimesA Call to Ease the…

Political Economy

Why No Outrage?

Edward Harrison Jul 19, 2008

UPDATE: 23 Mar 2009: I am re-publishing this and a February post (Where is the outrage?) because of the situation at AIG. In my view, the outrage that has finally boiled over in the AIG bonus scandal has long been simmering. In reading…

Business

Starbucks’ closure list

Edward Harrison Jul 19, 2008

Starbucks has released the full list of the 600 stores it expects to close in the coming year. Long a Wall Street darling, Starbucks' retrenchment is very much representative of the magnitude of the slowdown we are now seeing. Apparently,…

Economy

B&B gets its money, HBOS and Barclays don’t

Edward Harrison Jul 18, 2008

Now that Friday has come to an end in the UK, we can give a post-mortem to the UK capital raising campaigns from Bradford & Bingley, HBOS and Barclays.Bradford & Bingley shareholders have approved the bank's £400m rights issue at…

Political Economy

Quote of the day: 18 Jul 2008 – Caroline Baum

Edward Harrison Jul 18, 2008

In her column at Bloomberg News, Baum had this to say about the financial bailout solutions proposed by the U.S. government.How do we know the market failed if we don't allow it to work? Capitalism without failure is like religion without…

News

News Round-up: 18 Jul 2008

Edward Harrison Jul 18, 2008

Financial collapse edges closer - Martin Hutchinson, Asia TimesMortgage squeeze tightens further - BBC NewsJim Bunning's Capitalism Pitch Is in Strike Zone: Caroline Baum - BloombergGoogle shares slump after ad warning - Irish…

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