Word: rimmer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Although most 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...
...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...
...Western economies has put ever greater pressure on political leaders to find a way to revive growth and reduce unemployment. If they resort to the traditional remedies of increasing government spending or their money supplies, they run the risk of fueling inflation and ultimately hindering growth. Wrote Rimmer de Vries, chief international economist for New York City's Morgan Guaranty Trust Co., in his respected newsletter, World Financial Markets: "It is widely appreciated today that any tradeoff between inflation and unemployment applies only to the short run, and that in order to achieve long-run economic growth...
Bankers, however, deeply fear the consequences of such a move. Says Rimmer de Vries, a senior vice president of Morgan Guaranty Trust Co. and a member of TIME's Board of Economists: "This is a very urgent issue that needs to be handled very carefully." Not a single member of the board was willing to recommend a default during a discussion of the topic at this month's meeting. Lawrence Brainard, a senior international economist with Bankers Trust Co. in New York City, warns that default would set off "an unholy scramble" to grab the few Polish assets...