But Philip Isherwood, European equity strategist at Dresdner Kleinwort, disagreed: "Obviously the Banks are hoarding cash, so why shouldn't the corporates?"

但德利佳华(Dresdner Kleinwort)欧洲股票策略师菲利普·伊舍伍德(Philip Isherwood)不同意上述观点：“银行明显在囤积现金，为什么企业就不应这么做？”

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“The world’s tallest buildings have risen on the eve of economic downturns,” claimed Andrew Lawrence, research director at Dresdner Kleinwort Wasserstein, in 1999.

“高楼建成之日，即是市场衰退之时”，这是德意志银行的证券分析师安德鲁•劳伦斯于1999年发表的判言。

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NOT so long ago, staff at Dresdner Kleinwort, the investment-banking arm of Dresdner, a German bank, used to refer to Commerzbank, a rival, as “Comedy bank”. No one is laughing now.

不久前，德瑞斯顿银行的投行分支德累斯顿-克莱沃特（Dresdner Kleinwort）的员工谈及德国商业银行这一竞争对手时，还将其冠以“滑稽的银行”， 但现在没人嘲笑德国商业银行了。

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But the strategist for Dresdner Kleinwort Benson in Hong Kong is wary of some markets too.

CNN: TWO BULLS IN THE ASIAN SHOP

The Japanese system, complains Mitsuo Ohmi, a drug analyst at Dresdner Kleinwort Benson (Asia) Ltd.

FORBES: Bad medicine

Dresdner Kleinwort is being merged with Dresdner's corporate bank, taking over its top 2, 000 customers.

ECONOMIST: Dresdner Bank and Allianz