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Edward Harrison

@edwardnh

Macro Strategist at Bloomberg. Ex-diplomat, ex-tech exec, ex-banker. Author of The Everything Risk newsletter. https://www.bloomberg.com/authors/AVSVN7p8ryM/edward-harrison

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Latest posts by Edward Harrison @edwardnh

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How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions (Published 2016)

Here’s the article from June 2016. Americans saw this and elected Trump anyway… twice.

www.nytimes.com/2016/06/12/n...

06.03.2026 19:27 👍 6 🔁 3 💬 0 📌 0

This is what we’re getting: “During a decade when other casinos here thrived, Mr. Trump’s lagged, posting huge losses year after year.
Stock and bondholders lost more than $1.5 billion.

All the while, Mr. Trump received copious amounts for himself, with the help of a compliant board.”

06.03.2026 19:25 👍 11 🔁 4 💬 1 📌 0

What’s happening with the US economy is not unlike how things happened in Atlantic City: the burden of any of Trump’s failures will fall on US citizens this time.

06.03.2026 19:23 👍 21 🔁 7 💬 1 📌 0

Trump’s casino bankruptcy:
“He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.”

www.congress.gov/116/meeting/...

06.03.2026 19:21 👍 20 🔁 5 💬 2 📌 1

U.S. CUSTOMS AND BORDER PROTECTION UNABLE TO COMPLY WITH COURT ORDER DIRECTING TARIFF REFUNDS -COURT FILING

06.03.2026 15:25 👍 772 🔁 176 💬 130 📌 292

Trump can’t wait to topple the next government

bsky.app/profile/atru...

06.03.2026 19:16 👍 0 🔁 1 💬 0 📌 0

PS - Trump is flexible about what unconditional surrender actually means

bsky.app/profile/swin...

06.03.2026 19:01 👍 8 🔁 2 💬 0 📌 0
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U.S. military investigators think American forces were likely responsible for an airstrike on a girls’ elementary school that killed dozens of children in Iran, a U.S. official said. 🔗 on.wsj.com/4ldl4kX

06.03.2026 17:59 👍 31 🔁 14 💬 5 📌 8

Trump is desperate to end this conflict because a longer war could tank the US economy and financial markets

06.03.2026 18:43 👍 34 🔁 8 💬 2 📌 1

Just a reminder that Kristi Noem isn't the only Trump appointee who is making waves

06.03.2026 17:15 👍 8 🔁 2 💬 1 📌 0

Cuba is next on Trump’s list of regime change.

06.03.2026 12:02 👍 6 🔁 0 💬 3 📌 1
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> @javierblas.bsky.social @bloomberg.com

06.03.2026 11:40 👍 660 🔁 238 💬 49 📌 11
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‘We’re in it’: Democrats won’t rule out giving Trump more money for Middle East war Democrats will have to balance a desire to criticize Trump’s offensive in Iran with pressure to support funding to defend the nation now at war.

“Some Democrats aren’t ruling out voting for a multibillion-dollar military infusion”
www.politico.com/news/2026/03...

06.03.2026 03:20 👍 4 🔁 1 💬 3 📌 1

The money quote: "With these numbers and with the SpaceX and xAI combination happening almost concurrently with the expected IPO, investors must make comic-book heroic assumptions about sustained hypergrowth to justify a $1.75tn market cap."

05.03.2026 16:37 👍 7 🔁 4 💬 0 📌 0

SpaceX: "Prospective IPO investors would be expected to back a valuation more than seven times higher" than in October 2024.

And people say financial conditions require more easing?

05.03.2026 16:26 👍 8 🔁 1 💬 1 📌 0
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SpaceX: the final frontier of IPOs Can Elon Musk’s moonshot deliver the mooted $1.75tn valuation?

They're valuing this at $1.75 trillion:
"Last year, SpaceX generated an impressive $8bn in Ebitda on $16bn in revenue. However, …xAI, …despite revenues of only $210mn [had] a cash burn of $9.5bn for the first nine months of 2025. "
www.ft.com/content/5bf1...

05.03.2026 16:24 👍 12 🔁 6 💬 3 📌 4
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New Electric BMW 3 Series Debuts This Month with Big Power The new i3 will be revealed on March 18.

The new BMW iX3's "800-volt architecture delivers 500 miles from a single charge and enables charging speeds of up to 400kW."

That should go a long way toward eliminating range anxiety
www.autoblog.com/news/teaser-...

05.03.2026 13:59 👍 1 🔁 0 💬 1 📌 0
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1/3: Here's what wild about gas prices right now. The past two days have seen the largest increase in gas prices ($0.22/gallon) since 2005, making it one of the fastest increases ever. What's suprising about this is not only the magnitude, but the speed of the passthrough.

04.03.2026 17:08 👍 388 🔁 147 💬 31 📌 31

This sounds like what a teenage boy playing Fortnite would say.

04.03.2026 18:23 👍 1125 🔁 167 💬 84 📌 8

And Trump will be asking for taxpayer money to directly fund this war too bsky.app/profile/carl...

04.03.2026 15:56 👍 1 🔁 0 💬 2 📌 0

Sounds like we're being prepared to anticipate a longer war with boots on the ground

04.03.2026 15:54 👍 6 🔁 3 💬 1 📌 1
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Pedro Sánchez calls US-Israeli war in Iran a ‘disaster’ amid spat with Trump US president issues trade threat as Spanish PM likens conflict to Russia’s invasion of Ukraine and Israel’s assault on Gaza

Spain on the war in Iran: “We are against this disaster because we understand that governments are here to improve people’s lives, to provide solutions to problems, not to make people’s lives worse”
www.ft.com/content/69e5...

04.03.2026 15:37 👍 8 🔁 2 💬 0 📌 0
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Bessent Says Trump’s Tariff Hike to 15% Likely This Week Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a 10% universal tariff up to 15% will likely be done this week.

Bessent Says Trump’s Tariff Hike to 15% Likely This Week www.bloomberg.com/news/article...

Trump really doesn't care at all about inflation

04.03.2026 14:36 👍 2 🔁 0 💬 1 📌 0
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Gas Prices Surge 11 Cents in One Night Across the U.S. Sharply rising gas prices could increase demand for smaller cars, hybrids, and EVs.

Gas Prices Surge 11 Cents in One Night Across the U.S. www.autoblog.com/news/gas-pri...

04.03.2026 14:10 👍 5 🔁 3 💬 0 📌 1
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And there it is …

04.03.2026 01:04 👍 7427 🔁 2719 💬 1121 📌 365
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Trump helps MAGA influencers flee Middle East war zone on private jet Trump adviser Alex Bruesewitz, dogwalker Sarah Daither, former lobbyist Jay Footlik, and others managed to escape on a private plane thanks to the White House.

White House helps MAGA influencers including famous dog walker flee Middle East war zone on private jet www.dailymail.co.uk/news/article...

04.03.2026 01:41 👍 23 🔁 11 💬 3 📌 5
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People dig graves for children killed in a strike on a primary school in Iran

03.03.2026 23:44 👍 5 🔁 1 💬 1 📌 0
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after absolutely eviscerating Kristi Noem and calling for her resignation, Tillis is applauded. He thens threatens to hold up nominees if she doesn't stop stonewalling him. My God.

03.03.2026 17:55 👍 24784 🔁 6086 💬 1100 📌 760

Trump now doesn’t even remember where his own father was born.

03.03.2026 18:03 👍 10 🔁 0 💬 0 📌 0
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Donald Trump makes the explicit case in favor of fighting ‘forever wars’

03.03.2026 17:55 👍 91 🔁 31 💬 5 📌 5