Word: salomone
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Last week's money markets reflected, in part, a growing uneasiness in some sectors of the financial community over whether the Reagan Administration is on the right track toward lowering inflation. The leaders of this group of skeptics are Henry Kaufman, chief economist for Salomon Bros., and Albert M. Wojnilower, chief economist of the First Boston Inc. Both men are among Wall Street's most respected figures, and both are critics of the Reagan Administration's version of supply-side economics. Kaufman believes that increased military spending, without more cuts in social spending, and a large...
...pressure. "When I saw the first 'decision tree' they drew in my managerial economics class, the only thing I could think of was that it looked like lightning going across the chalk board," says Deborah Widener, 28, now an associate for the Wall Street investment firm of Salomon Bros." I had no idea what was going on for at least a week because we didn't ever step back...
...research firm for $13,000, but she saw opportunities. Says she: "Security analysis is a very entrepreneurial business calling for initiative and creativity. The M.B.A. provides an overview framework, but we have to keep up with new techniques in investment decision making." Temple has kept up. She moved to Salomon Bros, last February for a salary and bonuses well into six figures...
...high fuel prices. Brokers said that the Federal Reserve's higher interest rate was as much a cause of the market drop as war fears. "A lot of people here were amazed at how well the market has held up in this crisis," said Anthony Estep of Salomon Brothers. Barring a calamitous widening of the war that would cut off all oil from the Persian Gulf, the long-running Wall Street bull market could easily resume...
Daniel J. Salomon Montreal...