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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

Germany is definitely on the ropes

Edward Harrison Jul 7, 2008

The FT reports:The eurozone economy has shown fresh signs of spluttering, with German industrial production dropping unexpectedly sharply in May - the strongest monthly fall since August 1997.-FT, 7 Jul 2008This is the latest sign in a…

Economy

Writedown News: 7 Jul 2008

Edward Harrison Jul 7, 2008

Below are the latest writedown stories from the web. For the full timeline of news, visit my credit crisis timeline.2008 06 23 Citigroup and Goldman Sachs cut more staff as effect of credit crunch lingers2008 06 26 Fortis launches urgent…

News

News Round-Up: 7 Jul 2008

Edward Harrison Jul 7, 2008

PoliticsBritain must act to prevent an attack on Iran - FTCongress tries to tighten commodities loopholes - MarketWatchObama Faces Resistance From Top Supporters of Clinton - WSJEconomyGM Weighs More Layoffs, Sale of Brands - WSJRecession…

Economy

$1.6 trillion: new estimate on writedowns

Edward Harrison Jul 6, 2008

$1.6 trillion! This is the figure that a Bridgewater Associates study has come up with. I caught this article when I was looking for the original German-language version of a story that MarketWatch exposed regarding the Swiss banks' need…

Economy

UBS and Credit Suisse must pony up $70 billion

Edward Harrison Jul 6, 2008

This is a big story coming from the Swiss German-language paper Sonntagszeitung. I originally saw this story in a derivative report from MarketWatch and then again at Calculated Risk. It's not getting enough play as yet in the…

News

News Round-Up: 6 Jul 2008

Edward Harrison Jul 6, 2008

PoliticsBush to Keep Pressing Iran, North Korea on Nuclear Programs - BloombergArgentina agricultural-export tax clears a hurdle - MarketWatchAmerican Energy Policy, Asleep at the Spigot - New York TimesEconomyWhat Safety Net? The…

News

News Round-Up: 5 Jul 2008

Edward Harrison Jul 5, 2008

BankingThe Credit Crisis Is Going to Get Worse - WSJEuropean Banks May Need EU90 Billion, Goldman Says - BloombergUniCredit May Eliminate 2,500 Jobs at HVB, Euro am Sonntag Says - BloombergPost Wants EU10 Billion for Postbank,…

Markets

Ted Forstmann: the credit crisis will get worse

Edward Harrison Jul 5, 2008

In the Wall Street Journal today, Ted Forstmann, of LBO giant Forstmann and Little fame, has warned that the credit crisis is far from over. Forstmann, who presciently called the bubble in High Yield ad LBO financing twenty years ago, is a…

Economy

Spain and Ireland ‘thrown to the wolves’ after ECB move

Edward Harrison Jul 4, 2008

This is a story about how the ECB move affects individuals. As much as I support the ECB rate hike, one has to remember that real people are very much affected by these policy decisions. This is what makes these decisions difficult.

Economy

Recession worries in Germany deepen

Edward Harrison Jul 4, 2008

Recession worries at the heart of Europe deepened as it was revealed that factory orders in Germany declined unexpectedly for the sixth straight month. With inflation and interest rates rising, it seems rather unlikely that Germany can…

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