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.

Markets

Rough day in the markets

Edward Harrison
Wow! That was an exciting, but stomach churning day in the markets. The Dow was way down, 358 points. Oil soared to a new high over $140 a barrel. The Euro hit a record against the yen. The TED spread is rising. Did I miss anything?…
Economy

Chart of the day: jobless claims

Edward Harrison
At 8:30 EDT this morning, the Labor department released its jobless claims numbers. The numbers are not appreciably different than a week ago. But they are largely consistent with recession: 384,000 jobless claims and 3,139,000 continuing…
Economy

Lawsuits will increase

Edward Harrison
I caught a blog entry on naked capitalism that reminds me of the impending wave of lawsuits associated with the credit crunch. It seems that investment banks were peddling auction rate securities to retail investors while warning the…
Economy

Ireland: the bust after the boom

Edward Harrison
In Ireland, the papers are very much focused on how to deal with the bust after the boom. In the wake of the big fat no on the Lisbon Treaty and after 15 long years of upswing, it is readily apparent to anyone that the bust is happening.…
Economy

Fifth Third looking to sell assets

Edward Harrison
Troubled regional Financial Fifth Third is looking to sell assets along with cutting its dividend and raising capital in order to shore up its balance sheet. The company announced it was looking into asset sales when it announced its…
Economy

Countrywide: California sues too

Edward Harrison
The suits are piling up. Angelo Mozilo is looking like the new Ken Lay for Washington.California's attorney general has filed a civil lawsuit alleging that Countrywide Financial Corp. engaged in deceptive advertising and unfair…

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