Word: salomon
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Discounts may shrink as the airlines recover, but bargain fares are likely to remain. "The American consumer is doing to the airlines what he has already done to the auto industry," says Julius Maldutis, an industry analyst at Salomon Brothers. "He buys only at discount." Concedes Delta's Berry: "Discount rates are here to stay, but they must also be realistic." In deed, with a lot more realism and a little more luck, U.S. airlines may finally pull out of their financial nosedive and regain their cruising altitude...
Bonds had their best year ever. According to Salomon Brothers, the return on high-quality long-term corporate bonds was 44%, counting price appreciation and assuming that interest was reinvested. U.S. Government bonds, one of the safest investments around, returned 41%. Next to that, the 20% rise in the 30 Dow Jones industrial stocks seemed almost anemic...
...Cotton candy," retorts Robert Roosa, a former U.S. Treasury Under Secretary and now a Wall Street banker. Salomon Brothers' Henry Kaufman agrees with Roosa. He contends that the U.S.'s public debt cannot be compared with that of a developing nation: the U.S. has an infinitely more powerful economy and a more stable political process. Others, echoing that view, note that banks can hardly send gunboats to seize Poland's steel plants, Mexico's oilfields or Indonesia's rice mills if debt repayments are halted. Says Britain's Lever: "I call [Wriston] the Peter...
...Johannes Witteveen, the former managing director of the IMF, "of creating the necessary liquidity." In effect, the Federal Reserve would have to pump in the dollars that a troubled U.S. creditor bank needed to survive, even to the point where it could fuel inflation in the U.S. Says Salomon Brothers...
...businessmen as well, the surge was gratifying. In recent years they have been borrowing heavily on a short-term basis to finance long-term projects a practice that Henry Kaufman, the celebrated credit market analyst at the New York investment banking firm of Salomon Brothers Inc., describes as "a little like trying to finance the building of one's house with short-term loans." Since the cost of most of that money has floated with the fluctuations in short-term interest rates, businesses have found investment costs hard to estimate in advance and have got burned as rates soared...