Word: goldmans
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Meanwhile, economists are slashing their projections for the region. The Goldman Sachs investment firm predicts Malaysia's growth in 1998 will slow to 4%. Investment giant Morgan Stanley foresees that growth in the beleaguered Thai economy, which from 1993 to '96 averaged 8.2% annually, will shrink 1.5% next year...
When I was at Goldman Sachs, I traded stocks and bonds for a lot of hot-money guys. When markets started to go against them, these types often doubled down. When the markets continued to go against them, as happened in Hong Kong last week, they borrowed even more. And when the selling persisted, I would get a cheerless call from John, my brokerage group's margin clerk. He would say, "Your client has until 2 p.m. to get enough money on to meet his margin call before we sell him out." I would then call...
...Goldman said that, while Jiang had visited the U.S. previously for meetings of the Association of South East Asian Nations and the U.N., he has never been to an American university during his presidential term...
...should come to a university and should be exposed to students and the protests that will be going on at the same time," says Boston University Professor Merle K. Goldman, who studies modern Chinese history at Harvard's Fairbank Center for East Asian Research...
...cannot miss" the hundreds of protesters, Goldman says. "In China, they don't allow students to protest. What it shows is that we have room for more than one view...