David Wyss
David Wyss
David Wyss is an American economist. As New York-based Standard & Poor's chief economist, Wyss was responsible for S & P's economic forecasts and publications. He also coauthored the monthly Equity Insight and the weekly Financial Notes. He was on the board of the National Association for Business Economics, Washington, D.C...
afford coming greenspan increases interest meeting rate term wants
Greenspan is coming to the end of his term and he really wants to get the interest rate increases done before he leaves. He may feel he can't afford to take a meeting off.
followed law
It's Newton's law of currency: Any overvaluation will be followed by undervaluation.
good government locking rates start time
It is a good time for the government to start locking in long-term rates before they go higher. Corporations are doing it, so why shouldn't the government?
quarter second shaping stronger
The second quarter is shaping up to be stronger than expected.
auto becoming gm smaller
GM is the story of U.S. auto manufacturing, and it's the story of U.S. manufacturing that we are importing more and more of what we consume. Manufacturing is becoming a smaller and smaller part of the economy.
depends east good guess happen knows middle oil prices
Your guess on where oil prices are going to go is as good as mine. It just depends on the Middle East and who knows what is going to happen there.
financing growing large seem trade trouble
We don't seem to be having any trouble financing our large and growing trade deficits.
fourth looking optimistic percent quarter top
We're now looking at a 3 percent first quarter on top of that 1.4 percent fourth quarter. We've been the optimists, and I haven't been optimistic enough.
income lived people
You can live off your income if you lived the way people did in the 1950s.
continue expecting oil prices
We're expecting oil prices to continue to come down. They're now about $60. We expect to be down around $50 by the end of the year.
happens initial nobody shock
We've got to see what happens in October. There was an initial shock after the attack. Nobody was doing anything.
coming gains historical settling standards strong
Usually coming out of a recession, you get a real spurt in productivity, which we got, but now things are settling down to what by historical standards are still very strong gains in productivity.
backed bigger break energy gotten harsh inflation katrina oil prices rise risk
There is a risk that energy could break out into a bigger inflation problem. We have gotten through Katrina and oil prices have backed off a bit, but there is a risk that if we have a harsh winter, energy prices will rise again.
question
The real question is not what he does, but what he says.