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.

Monetary System

What is Inflation?

Edward Harrison
This is an important question, because our central banks are the ones behind the rise in inflation, not OPEC, oil companies, or greedy corporations. If one must point the finger, point it at central bankers. "Inflation is always and…
Markets

Lawmakers default on loans too

Edward Harrison
After stars like Evander Holyfield and Jose Canseco defaulted on their mortgages, who is immune: lawmakers? Think again. The Charlotte Observer has a story out today reporting that Julia Boseman, a North Carolina State Senator has fallen…
Economy

UBS rights issue hits an air pocket

Edward Harrison
The Telegraph reported that UBS, the giant Swiss Bank, had its shares suspended twice yesterday as it tried to mount a share rights issue while its shares plummeted to a 52-week low. UBS is trying to raise 16 billion Swiss Francs (about $16…
Markets

F.H.A. Faces $4.6 Billion in Losses

Edward Harrison
So the Federal Housing Administration is the latest victim of the housing bust. If they weren't a government agency, they might actually be bust.The projected loss is the highest in the home loan program since 2004, and officials said the…

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