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.

Business

P&G raising prices 16%

Edward Harrison
Who says producers can't pass on rising costs? This is one of the reasons many economists fear commodity inflation; somehow it gets embedded into the system if it goes on too long.Procter & Gamble Co., the maker of Tide laundry…
Markets

John Templeton 1912-2008

Edward Harrison
We have lost one of the greatest stock pickers of all time. John Templeton passed away today.Global investor and philanthropist John Templeton has died at a hospital in the Bahamas. Spokesman Don Lehr said Templeton died Tuesday from…
Economy

Fannie and Freddie need $75 billion

Edward Harrison
$75 billion is the capital shortfall that Fannie Mae and Freddie Mac are facing, according to a report by Lehman Brothers. This type of worry is the reason for their sudden fall in the markets yesterday.Fannie Mae and Freddie Mac triggered…
Markets

Bullish?

Edward Harrison
One cannot expect double digit returns from the U.S. market over the medium term as there are significant headwinds impeding that from high P/E ratios, reversion to the mean, consumer price inflation, credit deflation, high debt, to a…
News

News Round-Up: 8 Jul 2008

Edward Harrison
North AmericaGM may be mulling thousands of job cuts - ReutersSt. Louis Fed Economist: Let Mortgage Mess Resolve Itself - Housing WireHome Prices Fall in 23 of 25 U.S. Metropolitan Areas - BloombergTSX falls more than 300 points on…
Economy

GDP Revisions

Edward Harrison
GDP revisions are coming out on July 31st right in the middle of Q2 earnings reports and before many banks get to report. These revisions could be significant according to Merrill Lynch economist David Rosenberg.As the revisions come…
Markets

Chart of the day: bear market history

Edward Harrison
Here are some charts from the latest issue of Barron's. They have a readable article on bear markets (for those of you subscribed to it) as the Dow was down over 20% last week. That's supposed to mark the beginning of a bear market as the…

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