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

Debt financing gone

Edward Harrison May 25, 2008

Another side effect of the credit crunch is the lack of availability of cheap debt financing for businesses. Companies have two alternatives: they can hold off on needed financing until the credit markets are more inviting or they can…

Markets

Tales of housing woe in the UK

Edward Harrison May 25, 2008

The Guardian has a brilliant piece out today about how widespread the housing bubble's downdraft has become. We're not talking just the South east here but idyllic countryside villages like Ely just north of Cambridge. This should…

Political Economy

Cash versus accrual accounting

Edward Harrison May 23, 2008

This article speaks for itself.Bill for taxpayers swells by trillionsDeficit far bigger than government estimateBy Dennis CauchonUSA TODAYThe federal government's long-term financial obligations grew by $2.5 trillion last year, a reflection…

Economy

Chart of the day: US Federal Deficit

Edward Harrison May 23, 2008

Here's a long-term view of the US Federal government deficit.

Political Economy

Election means big government and higher taxes

Edward Harrison May 23, 2008

This past week, I attended an Investment luncheon to hear Greg Valliere, the chief political strategist with the Stanford Washington Research Group. He had a number of important things to say regarding the economic implications of…

Economy

Recession ‘95% likely’ in Britain

Edward Harrison May 22, 2008

I'd say that the UK is looking a lot like the U.S. looked a year or so ago, with high consumer debt loads and high property prices. What's the likelihood of recession. A near certainty."Over to the strategy team at Legal and General.…

Economy

Chart of the day: Mortgage to Growth Gap

Edward Harrison May 22, 2008

I started tracking an odd statistic that I made up in the aftermath of the last recession called the 'Mortgage to Growth Gap' (MGG). At the time, a lot of pundits I respected where saying that American consumers were spending right through…

Economy

Student Loans: New Credit Crunch Casualty

Edward Harrison May 22, 2008

The credit crunch has claimed the heads of many a financial market since it was prematurely marked as 'contained' to subprime loans. These markets include jumbo mortgage loans, Collateralized Debt Obligations (CDOs), asset backed…

Markets

Subprime housing bubble timeline

Edward Harrison May 22, 2008

Wikipedia has a great entry on the subprime housing bubble for anyone who wants a primer on the bubble and a subprime housing bubble timeline. Follow the link here. This a pretty comprehensive entry with some pretty heady stuff and a lot…

Monetary System

The Fed is on the easy money trip

Edward Harrison May 22, 2008

Caroline Baum was asking in her column today: "How can a 2 percent funds rate be appropriately calibrated to promote moderating inflation when inflation is currently rising at almost 4 percent?" The answer: it can't. The Fed is all about…

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