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

What’s different about 2008?

Edward Harrison
I am on record for expecting a serious downturn after the Tech Bubble crashed in 2001. We muddled through for a few years, but ultimately most of the damage was done and gone by 2004. The Tech Bubble was a bubble of asset prices that had…
Economy

Look who needs money now: AIG

Edward Harrison
The list of financial institutions needing capital because they lost so much in the credit crisis grows by the day. Now, its the insurance company AIG. After their abysmal earnings report, they need an enormous $20 billion to tide them…
Economy

The Automatic Earth

Edward Harrison
I stumbled across an interesting blog over the weekend called "The Automatic Earth." I had been doing some research into writedowns at financial institutions due to loan losses and asset impairment when a great entry from The Automatic…
Economy

Chart of the day: Debt to GDP

Edward Harrison
Since the beginning of the bull market in 1982, the U.S. has become a society hooked on debt. Total debt (including financial services companies) has nearly doubled as a percentage of GDP in those 25-odd years (from 133% of GDP at $4…
Markets

Spanish property market implosion

Edward Harrison
The Telegraph reported Friday that sales in the Spanish property market have plunged and many British vaction home investors will find themselves under water."In the clearest sign yet that the boom is over, the developers said the combined…
Markets

Avoid consumer stocks

Edward Harrison
As the downturn takes hold in the U.S., the obvious dilemma for investors is knowing which sectors to avoid. Financial stocks are a sector obviously fraught with risk as they have already sustained enormous losses with many more to come as…
Markets

Home Equity Lines Pulled

Edward Harrison
First the banks won't refinance, then they won't restructure mortgages, now they're pulling out all stops in this mortgage mess. They are pulling existing home equity lines of credit. That's right, in a feeble attempt to save their sorry…

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