Word: rated
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Joseph Battipaglia, chairman of investment policy at Gruntal & Co., a major brokerage company, predicts an actual decline in the rate of the 30-year Treasury bond to around 5.75% by year's end and possibly to 5.5% sometime in 2000. Barton Biggs, chairman of Morgan Stanley Dean Witter Investment Management, is generally the most pessimistic of the board members, but on this subject he goes Battipaglia one better. His prediction: "A year from now [the 30-year Treasury rate] will be in the area...
...officially warned that it has a "bias" toward making money and credit tighter? Yes, allows the board, but the Fed may already have accomplished as much tightening as necessary--or maybe more--by subtle measures. True, it may kick up the "Fed funds" (very short-term) interest rate it controls by a modest quarter percentage point at its rate-setting meeting at the end of June--"just to prove it can do it, for practice," in Farrell's words. But such a move has been so widely expected, and discounted, that board members think it won't ruffle the markets...
Battipaglia adds that "wage increases will be more than offset by productivity gains, despite the remarkably low U.S. unemployment rate--4.2% in May, matching a 29-year low--that might be expected to force pay and prices up faster. Employers will have less trouble than the jobless rate might suggest in finding the workers they need, he says, for three reasons. First, "you have had a tremendous amount of downsizing that freed up a lot of individuals who are now coming back" into the work force. Also, "second wage earners"--primarily wives and husbands--who may not have been counted...
Nobody foresees a continuation of the phenomenal 1998 rise in gross domestic product--a sizzling 6% annual rate in the fourth quarter, 3.9% for the year. But Cohen, true to her reputation as Wall Street's leading optimist, thinks the U.S. is in a "virtuous cycle" that will keep spinning, if a bit more slowly. The U.S., she notes, has created a stunning 15.5 million jobs since the end of 1993, even after subtracting job losses due to corporate downsizing. And two-thirds of these jobs pay more than the median wage for all U.S. jobs. By no coincidence, average...
...scrimp on the office space, using converted industrial lofts crammed with desks, T-1 lines and terminals. During the pre-initial public offering phase of a start-up, precious capital must be allocated to marketing and sales rather than rent and salaries, which contribute only to the burn rate--the monthly running expenses of an Internet company ticking toward ipo or implosion. For new-media employees, the workday is 16 hours, the workweek seven days. "Cyberspace is rife with sweatshops," says Andrew Ross, director of the American Studies program at New York University. "The problem is, very few people realize...