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

HBOS to raise new capital

Edward Harrison
As I predicted on Saturday, HBOS has got caught up in the global mortgage meltdown. Bloomberg reports:HBOS Plc, the U.K.'s biggest mortgage lender, will sell 4 billion pounds ($8 billion) of shares to bolster capital depleted by asset…
Economy

CPI understates inflation

Edward Harrison
When you hear about inflation on TV, don't you often wonder why the official number seems lower than inflation feels to you when you go shopping? It's an open secret in Washington, but the Consumer Price Index (CPI), the common measure of…
Economy

Globalization hits a brick wall

Edward Harrison
As I suggested in my blog titled 'The U.S. Economy 2008,' protectionism is the obvious outcome to a global economic downturn. As the economy turns down, people feel frustrated and angry. They look for scapegoats and turn to economic…
News

News Roundup: 28 Apr 2008

Edward Harrison
Buffett Says Recession May Be Worse Than Feared (Yahoo! News, 4/28/2008)One Guy Who Has Seen It All Doesn't Like What He Sees Now (WSJ, 4/26/2008)Ignore nonsense that credit crisis is over (Stene Pearlstein, Fort Wayne Journal Gazette…
Economy

Where’s HBOS?

Edward Harrison
Looking through old e-mails, I read an article from the FT in 2006 that surfaced claiming that HBOS (Halifax Bank of Scotland)were poised and ready to go offer loans for 125% of value. That's right, HBOS thought it a good idea to cover 95%…
Economy

Spain’s problems

Edward Harrison
There was heavy overbuilding in Spain as the global housing bubble caught fire there these past years. Now, Spain's bubble has burst and it is having dire economic consequences. The Spanish National Statistics Office released the most…
Markets

Housing optimism

Edward Harrison
While I am not particularly optimistic about house prices in the U.S. nationally over the medium term, a recent Washington Post article suggests that prices in the Maryland suburbs of DC are not suffering like other jurisdictions around the…
Markets

The TED Spread

Edward Harrison
Note: This post is from April 2008 but is updated from time to time to reflect charts of the current market conditions The TED spread is a common measure of fear and risk in the capital markets. Judging from where the TED spread is now…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More