Word: watcher
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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...
...downfall. Oraflex was withdrawn from the market last month after it was linked to eleven deaths, mostly among patients who were poor candidates for the drug. If it had been promoted less zealously, perhaps fewer of these patients would have urged their doctors to prescribe it. Predicts Industry Watcher Michael Smith of Pharmaceutical Data Services, Inc.: "The fallout from Oraflex is that companies will become more circumspect...
...result, says Clive Smith of the Boston-based Yankee Group, a leading electronics analyst, sales are expected to explode from a mere 35,000 in 1980 to 1.5 million this year. Smith sees shipments rising to a dazzling 3.5 million in 1983. Says Barbara Isgur, an industry watcher for the Wall Street firm of Paine, Webber: "This year is the turning point. We have entered the age of personal computers...
...product, though, highlights the Japanese interest in this estimated $2.4 billion market, which until now has been almost the private property of American firms. After the success of Japanese onslaughts into watches, cameras, calculators and copiers, many computer industry experts are worried. Says Ulric Weil, an industry watcher for the investment bankers Morgan Stanley: "American companies must take the Japanese seriously. Not to do so would be fatal...
...CHINA ALIVE IN THE BITTER SEA, veteran correspondent and China-watcher Fox Butterfield debunks most of these illusions about the nature of the Chinese government, and injects a very believable image of society into our consideration of that country. A sprawling narrative of his tenure as New York Times bureau chief in Peking from 1979 to 1981, the book paints an ugly picture of the "unofficial" China lurking behind the official facade of a prosperous socialist success story. Drawing on a wide and extensive series of interviews with students, dissidents, party members, reporters, and his own observations and insightful analysis...