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.

News

News Round-Up: 07 May 2008

Edward Harrison
Updated throughout the dayMarketsTop UBS banker detained in US - The Guardian (05/07/2008)Bernanke Wants Fed to Pay Interest on Bank Reserves - Bloomberg (05/07/2008)USU.S. Economy: Worker Productivity Increases More Than Forecast -…
Markets

The TED Spread is coming down

Edward Harrison
Despite stock markets being lower the last few days, there are some bright spots in he macro picture. On Feb 24th, I mentioned that risk in the markets was high as suggested by the Ted spread. (The TED spread measures the gap between the…
Daily

Spain: Next Stop – recession

Edward Harrison
Spain is perhaps the next domino in the global credit bubble to fall. The UK economy is slowing as well, but the pace of slowing in Spain is truly remarkable.According to Spanish-language news reports I have seen today (see Round-up),…
News

News Round-Up: 06 May 2008

Edward Harrison
Updated throughout the dayMarketsMajor Asset Class 1,3,5,10 and 15 Year Returns - Safe Haven (05/06/2008)Why We Must Fix It - John Mauldin, Safe Haven (05/06/2008)Goldman's Murti Says Oil `Likely' to Reach $150-$200 - Bloomberg…
Economy

Last week’s employment numbers

Edward Harrison
As with the GDP numbers last week, the employment numbers were very dubious indeed. The headline number was still a loss of 20,000 jobs. However, the detail point to likely revisions much beyond that number when more exact data have been…
Economy

Last week’s GDP numbers

Edward Harrison
This weekend I received a disturbing newsletter from John Mauldin, provacatively entitled " Lies and Other Statistics," that dissected the GDP numbers where the headline number was +0.6%. Digging into the detail reveals a completely…
News

News Round-Up: 05 May 2008

Edward Harrison
Updated continuously throughout the dayMarketsWhy we can't cruise past a recession - Bill Fleckenstein: MSN Money (05/05/2008) Buffett Says Bond Insurers Don't Deserve AAA Rating - Bloomberg (05/04/2008)Downgrades Show…
News

News Round-Up: 04 May 2008

Edward Harrison
MarketsBuffett says risk of financial meltdown has declined (MarketWatch, 5/3/2008)Warren Buffett: big is bad for banks (Times Online, 5/4/2008)US-Bankchef: Krise nicht ausgestanden (Die Welt, 5/4/2008)IrelandMortgage lending growth hits…

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