Word: morgans
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Dates: during 1980-1989
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...board members continued to stick to earlier growth forecasts of about 3% during the fourth quarter, all agreed that any such recovery would be vulnerable to the slightest setback. Said Heller: "The strength of the recovery, in a word, will be lousy." Rimmer de Vries, chief international economist for Morgan Guaranty Trust Co., doubted whether the economy had bottomed out at all. Said he: "I think we have not got to the end yet. I do not think recovery will really come until...
John Paulus, chief economist at the Morgan Stanley investment firm and a respected interest-rate watcher, predicted that short-term rates would probably fall on balance over the next year, in part because of weak corporate demands for credit. The Federal Reserve Board, he contended, would continue to ease slightly its control of the money supply to slow down the tide of business bankruptcies and promote growth. He predicted that the prime rate would dip to 11% next year before turning...
...much to fear if De la Madrid fails to revive Mexico's financial fortunes. Economic chaos in a country that has a 2,000-mile-long open border with the U.S. would inevitably cause problems for the American economy. Warns Rimmer de Vries, chief international economist of Morgan Guaranty Trust Co.: "Mexico and the U.S. are so thoroughly integrated that we have to consider it financially a part...
Rimmer de Vries, the chief international economist of Morgan Guaranty Trust Co. of New York, maintains that global banking is quickly beginning to change. Says De Vries: "One thing is certain. The game of international lending is over. If it's going to continue, it will have to be carried on by entirely different rules." New and tougher rules can come none too soon...
...Monica, Calif. In the '40s Bloomingdale was a producer on Broadway (Ziegfeld Follies) and an executive at Columbia Pictures. Heir to the Bloomingdale department-store fortune, he made his millions and started the credit card boom with the launching of Diners' Club in 1950. In July Vicki Morgan. 30, filed a $10 million palimony suit against Bloomingdale and his wife Betsy, claiming that Bloomingdale had promised her lifetime support during the twelve years she says she was his companion. He left his entire estate, which some have estimated at $50 million, to his wife and to a trust...