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 from around the web: 2009-09-11

Edward Harrison Sep 11, 2009

Follow the money - BBC News "Find out how the money was spent and what it means for the taxpayers who have funded it" To the victors, the spoils: a post-Lehman scorecard | Reuters A year after their high-speed takeovers,…

Economy

Black humor on Wall Street circa 1930

Edward Harrison Sep 11, 2009

This comes from the blog News from 1930: An out-of-work broker asked a friend who owned a circus for work. His friend said the circus gorilla had recently died, and if the broker wanted to get into the gorilla's skin, swing around,…

Mark 9/11 with a moment of silence please

Edward Harrison Sep 11, 2009

Today at 8:46ET and 9:03ET, please honor those who lost their lives eight years ago with a moment of silence.

Economy

Bernie Madoff caught on tape in 2005

Edward Harrison Sep 10, 2009

Via CNBC: Bernie Madoff, the man who orchestrated the biggest Ponzi scheme in history, is heard on tape in 2005 talking to executives at Fairfield Greenwich about how to get around the SEC. Ron Geffner, a former SEC enforcement…

Markets

More signs of liquidity withdrawal, now from the U.S. Treasury

Edward Harrison Sep 10, 2009

Yesterday I mentioned the announcement by the FDIC to end its debt guarantee program and opined that this was the first sign of tightening/liquidity withdrawal by the U.S. government. Today the evidence is mounting that this is indeed…

Markets

American Casino: How foreclosures breed mosquitoes

Edward Harrison Sep 10, 2009

A number of new films have been produced chronicling the misadventures in America’s residential property markets and financial system. One such story is American Casino. I have yet to see the film. However, below is a…

Economy

Average initial jobless claims still stubbornly high

Edward Harrison Sep 10, 2009

The U.S. Department of Labor confirmed that for yet another week average jobless claims remain in the 560-580K range where they have been for two months. Initial claims for the week ended Sep. 5 were down to 550,000, a decline of 26,000…

News

News from around the web: 2009-09-10

Edward Harrison Sep 10, 2009

Faber Says ‘High’ U.S. Deficit Will Spur Inflation - Bloomberg.com He is making the asset price inflation argument I have often made. On the other hand, I am seeing some initial signs that liquidity is being drained. So, it remains to…

Economy

Delivering a brilliant healthcare speech

Edward Harrison Sep 9, 2009

Tonight we saw a brilliant performance from Barack Obama. It was Obama at his best, using his command of the English language to inspire and connect on a grand stage as only few politicians can. For sceptics like myself, he surprised. For…

Economy

Lehman’s collapse: The money fund “ice-nine wasn’t noticed… at…

Edward Harrison Sep 9, 2009

Bloomberg News is writing a very worthy series of retrospective articles on the financial panic of September 2008. I profiled the first one on Monday. The next in the series came out yesterday and it makes for riveting and…

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