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

Household wealth plummets in Q1 2008

Edward Harrison
Calculated Risk is reporting a huge decline in household wealth due to the deflating housing bubble."The Fed released the Q1 2008 Flow of Funds report today: Flow of Funds. The Fed report shows that household real estate assets decreased…
Markets

UK house prices fall most in 15 years

Edward Harrison
The Telegraph is reporting that "house prices are now suffering their sharpest annual drop in 15 years, according to the latest survey from Halifax."See story.Related storiesHouse prices: Should the Government intervene?, Telegraph, 05 Jun…
Economy

Chart of the day: S&P vs. nominal GDP

Edward Harrison
Economists have a way of coming up with more ratios and statistics than you can shake a stick at. True to my profession, I have developed a long-term yardstick of market overvaluation and undervaluation. I have no short-hand for it yet so…
Monetary System

De-leveraging redux

Edward Harrison
Yesterday, in a post entitled "De-leveraging," I argued that credit writedowns and the resulting deleveraging are highly deflationary. This is the core of the problem with the global financial system. I want to expand a bit on that…

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