Word: morgans
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Dates: during 1980-1989
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...signs of a coming pickup. The gross national product in the third quarter grew at an annual rate of 4.3%, but fourth-quarter expansion is expected to be slower. Some Wall Street sages, though, do not worry about trying to figure it out. Says Barton Biggs, managing director at Morgan Stanley: "The best kind of market is one like this, when no one understands...
...optimism on Wall Street in recent weeks is shared by traders abroad. Since January the London Stock Exchange has risen a record 53.1%, and West Germany's market 99.6%. In Milan, the main Italian market is up 114.1% for the year, while France's has experienced a 52.8% rise. Morgan Stanley's Biggs says that this "world stock-market surge" shows that investors anticipate a * "synchronized worldwide expansion." During the past few years the U.S. economy has been strong, while Europe limped along with low growth. Now Europe is moving forward quickly, even though the American expansion has slowed...
Last, we can foresee a final danger for the new public service fund. On the surface it appears an ideal antidote to the selfish image of yuppiedom; but what is there to stop the eager Morgan Stanley recruit from padding his or her resume with public service activities, now that these seem have been deemed de rigueur? Granted, anyone with half a heart would do some good along the way--once again not something to be belittled--but such a situation would hardly be ideal. Far better, perhaps, is the approach taken by Vanderbilt University, which instituted a public service...
...There's a lot of talent here," says Morgan, adding that, using the program, Israelis "can tap into it to provide a service that they don't have enough capital to provide for themselves...
PAIR will send a report of student findings to the corporate, government and academic sponsors, according to Morgan...