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

Jeremy Grantham: “Many shares priced for… economic collapse”

Edward Harrison Jul 12, 2008

Super-bear Jeremy Grantham had something positive to say for once. Well actually it's only a friend of Jeremy Grantham, oh well. But it IS positive -- sort of. "The good news, provided you are by now heavily liquid, is that there are…

News

Weekend reading: 12 Jul 2008

Edward Harrison Jul 12, 2008

After a brutal week in the market, my goal is to find enough positive stories to compliment the negativity that is the global markets. These round-ups mirror what is in the business press and economic blogs of importance and most of it…

Economy

Fannie and Freddie: Washington Post articles back to 2005

Edward Harrison Jul 12, 2008

For other posts on Fannie and Freddie see 'GSE ' label.Going forward, Fannie Mae and Freddie Mac are going to be much talked about in the news. Therefore, as a reference, I am providing a list of big Washington Post stories dating back to…

Markets

Louise Yamada: S&P has a 1175 price target

Edward Harrison Jul 12, 2008

Last night after the market closed I listened to a Bloomberg on the Money podcast with guest Louise Yamada, a well-known technical analyst. A lot of people in the fundamentals crowd stay away from looking at technicals, but in a market…

Economy

Obama is pro-Death Penalty

Edward Harrison Jul 11, 2008

Obama in his move to the center is increasingly alienating social Liberals/fiscal Conservatives like myself. He is either pandering to social conservatives or he actually believesthis stuff or both. The latest move that demonstrates his…

Economy

IndyMac: Another Banking Bankruptcy

Edward Harrison Jul 11, 2008

See my list of Bankrupt global financial institutions for past news on IndyMac and other bankrupt financial institutions.This is a very big deal. It seems that the financial crisis has reached fever pitch now. Given the week we just went…

Economy

Denmark bails out Roskilde Bank

Edward Harrison Jul 11, 2008

Earlier this morning, I read about the bailout of Roskilde Bank in Denmark through the Sydney Morning Herald. Roskilde Bank, whose shares performed the worst last year among the Nordic region's 86 financial companies, became the first…

Economy

Dean Baker: I saw this scenario in 2002

Edward Harrison Jul 11, 2008

Dean Baker has been on record since at least 2002 as predicting both the mortgage bust and the Fannie-Freddie collapse."If housing prices fall back in line with the overall rate price level, as they have always done in the past, it will…

Economy

Conservatorship of GSEs is bad for the dollar and inflation

Edward Harrison Jul 11, 2008

I might have egg all over my face quicker than quick about my $150 oil call. It seems the Fannie-Freddie bailout chatter is spooking stock markets, currency markets and the oil market. This is going to be a volatile day.The dollar dropped…

Economy

Marc Faber: “I think a lot of banks are already bankrupt”

Edward Harrison Jul 11, 2008

"I think a lot of banks are already bankrupt." "And a lot of insurance companies and financial institutions, but they hide their rotten assets in level three asset categories, where you don't need to value them." "I think the financial…

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