Word: rimmer
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...slowly weaning itself from dependence on foreign borrowing. That course is necessary for other reasons: Japan, West Germany and possibly other exporting countries would need to stimulate their own economies to take up the slack if a lower American trade deficit reduced their sales to the U.S. Rimmer de Vries, chief international economist of Morgan Guaranty Trust, puts the case for such international cooperation succinctly: "A global economy needs global management...
Bankers reacted calmly to the speech, perhaps only because they had seen it coming. Said Rimmer De Vries, chief international economist of New York City's Morgan Guaranty Trust: "The suspension of payments is not a surprise to the banks. What is difficult to understand, however, is how things could have deteriorated so quickly. Brazil has gone completely over the cliff...
...spirit of economic cooperation, which prevailed only a year ago among the major Western economic powers, has seriously eroded. The basis for the turmoil: sharp differences between the Reagan Administration and U.S. trading partners over how to deal with the nation's huge trade deficit. Rather than concord, said Rimmer de Vries, chief international economist for Morgan Guaranty Trust, "it's open warfare...
...German consumers would then be able to buy more goods from American exporters. But because they are wary of rekindling inflation, Japan and Germany have not brought down their interest rates as swiftly as the U.S. would like. "We have been drumming this song for a long time," said Rimmer de Vries, chief international economist for Morgan Guaranty Trust, "but there's been no response." Late last week, though, the Japanese government did announce a $23 billion public-spending package that includes a boost in housing loans...
...pattern this year, thanks to falling interest rates and the decline in oil prices. Conservation measures now enable the industrial economies to grow without increasing energy use at the same rate. Between 1973 and 1985, the U.S. economy expanded by almost one-third while energy consumption fell slightly. Says Rimmer de Vries, chief international economist for Morgan Guaranty Trust: "We used to be hooked on oil. But now the tight relationship between oil and growth has been considerably loosened...