Children don't ruin everything, Stanley points out.

斯坦利也指出，孩子并不会毁了所有美好。

youdao

As Adam Jonas of Morgan Stanley points out, there is no certainty that American customers will flock to buy rebadged small Fiats.

如摩根·士丹利的亚当琼纳斯所指出，还无法确定美国消费者是否会蜂拥地去买换了商标的小型菲亚特车。

youdao

But as Morgan Stanley points out, given off-book liabilities such as retirement, healthcare and education, the average consumer is practically in negative equity.

但正如摩根·士丹利指出的那样，假如考虑到退休、医疗和教育等账外债务，中国普通消费者实际上是负资产。

youdao

As Adam Jonas of Morgan Stanley points out, there is no certainty that American customers will flock to buy rebadged small Fiats.

ECONOMIST: A good deal for Fiat may still not be enough to save Chrysler

They realize that some defense companies are paying hefty dividends (almost 6% at BAE Systems, 5% at Lockheed Martin), but as Heidi Wood of Morgan Stanley points out, that matters less if taxes on dividends are likely to rise.

FORBES: Defense Industry Needs To Get Serious About Diversifying

Alex Kinmont, an investment analyst for Morgan Stanley, points out that the domestic overcapacity in Japan's car market is equivalent to Britain's total car production.

ECONOMIST: Corporate Japan goes to waste