House prices have already dropped 11% in the past year, and David Miles, an economist at Morgan Stanley, an investment bank, reckons they may lose a further 10%.
If Airbus does nothing, says Scott Babka, an analyst at Morgan Stanley, an investment bank, its profit margin will be some 4% and it will be destroying capital.
"The Dell conundrum is we know that it's a great franchise, they're fabulous executors, and they have lots of opportunities, " says Rebecca Runkle, an analyst with Morgan Stanley who has an equal-weight rating on the stock.
But, argues Kevin Gardiner, an economist at Morgan Stanley Dean Witter, an investment bank, successive governments have made a hash of their attempts to use taxes to fine-tune the economy.
Even so, Morgan Stanley, an investment bank, does not expect Telepiu to break even until 2004.
Stephen Roach, an economist at Morgan Stanley, thinks it could soon fall much more rapidly.
Now, says Paul McTaggart, an analyst at Morgan Stanley, it makes up perhaps a fifth.
Morgan Stanley offers an ETF that lets you get in on the action.
Stanley conducted an extensive survey of over 1, 000 millionaires in the United States.
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In February, Morgan Stanley, an American investment bank, announced its merger with Dean Witter, Discover, a mutual-fund and credit-card group.
In a recent poll, Morgan Stanley, an investment bank, found that 71% of endowment funds were keen to do so.
Joseph Quinlan, an economist at Morgan Stanley Dean Witter, reckons most analysts overstate the impact Asia will have on American firms.
Morgan Stanley retains an enviable position in investment banking but each defection adds to doubts about whether it can be sustained.
Though tobacco is vilified nowadays, David Adelman, an analyst with Morgan Stanley, says that the company's brands are still worth a fortune.
Stephen Roach, the chief economist of Morgan Stanley, an American investment bank, recently took 15 fund managers on a tour of China.
Planned changes will have broadly the same impact over the next 12 months, according to estimates by Morgan Stanley, an investment bank.
As John Wotowicz of Morgan Stanley, an American investment bank, points out, Europe will soon be brimming over with suitably junky companies.
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Illiam Dhone was an opponent of James Stanley, Earl of Derby, who ruled as King of Mann from his seat at Castle Rushen.
Masaharu Miyachi, an analyst at Morgan Stanley, says that Japanese companies continued to pour money into mainframe-based systems until well into the late 1990s.
Worse, says Kenneth Posner, an analyst at Morgan Stanley, it is unclear that big is necessarily better, even if WaMu had squeezed out efficiencies.
Those tastes started with rich-but-busy customers, but the supermarkets now find that other people are shopping the same way, says Ben Britz, an analyst at Morgan Stanley.
Andy Xie, an economist at Morgan Stanley, calculates that, in real terms, the yuan has risen by 40-50% against both the dollar and the euro since 1993.
That is why analysts at Morgan Stanley, an American investment bank, predict that European shares will fall by 15-20% between now and the end of the year.
In the 1980s, with the heavy backing of Morgan Stanley, an investment bank, it decided to extend its genius to Sweetheart, a leading producer of paper cups.
According to Morgan Stanley, an investment bank, debt-servicing costs are at their highest as a share of disposable income since the recession of the early 1990s (see chart).
Claire Kent, an analyst with Morgan Stanley in London, agrees.
According to Huw Van Steenis, an analyst at Morgan Stanley, the annualised pace of mutual fund outflows in Italy and Spain this year has been 24% and 26% respectively.
Phillips, who last year came to Oracle after years as an analyst with Morgan Stanley (nyse: MWD - news - people ), was recently named co-president of Oracle.
Betsy Daniels, an analyst at Morgan Stanley, argues that the clean-up job should be given to the Bank of Japan, which, unlike the finance ministry, still has some degree of credibility.
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