Word: paulus
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Dates: during 1980-1989
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...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...
...Paulus was less sanguine about the outlook for interest rates on long-term bonds, which finance capital spending. Even after a drop of more than one percentage point since July, the rates on top-quality industrial bonds still hover above 13%. Because the prospect of huge federal budget deficits is likely to rekindle fears that inflation will reaccelerate, Paulus said, long-term rates may remain around current levels in 1983 or even edge up slightly...
...opera. The enterprising Santa Fe Opera will present the world premiere of American Composer George Rochberg's The Confidence Man this week, and is staging Strauss's rare Die Liebe der Danae as well; the Opera Theater of St. Louis in June presented the premiere of Stephen Paulus' ambitious The Postman Always Rings Twice, which it commissioned, and unearthed Prokofiev's youthful one-act shocker Maddalena...
Lower Budget Deficits. Economists agree that Congress and the President must reach an accord to cut spending and raise taxes in 1983. Most analysts would like to see a deficit under $100 billion, instead of the $180 billion now projected. Says John Paulus of the Goldman, Sachs investment firm: "It's impossible to over estimate the aid and comfort that a budget compromise would give the financial markets." Even the hint of such a compromise last week sent , some short-term interest rates down slightly...
...think I was expected to recommend that they get a large hall, hire Renata Scotto and do Il Trovatore." Instead, St. Louis has heard Rameau's Pygmalion, Martin y Soler's Tree of Chastity and the world premiere of The Village Singer, by the American composer Stephen Paulus...