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...
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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?
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The second quarter is shaping up to be stronger than expected.
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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.
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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.
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The bottom line is that we had a very strong quarter of growth.
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Back when the program was created, elderly people were dying because they had nothing to eat and no health care. Social Security has been incredibly successful at virtually eliminating poverty among the elderly.
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It was one of the worst days in U.S. financial history, and he dealt with the repercussions very well.
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I think they are struggling with how to let markets know the rate hikes are coming to an end. The problem is that anything they say will get over-interpreted by financial markets.
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If you take out gas and cars, sales were basically flat. Consumers are getting more cautious.
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Natural gas is definitely a problem. If we have a mild to normal winter, we are OK. But if we have a colder winter than normal, we just don't have enough natural gas.
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Greenspan has had the most successful tenure in Fed history. He kept inflation under very tight control while avoiding any major recessions.
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Somebody was going to have to slow the (U.S.) economy down and Asia is now doing the Fed's work for it.
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The economy is living with it, and corporations are turning in strong profits despite high energy costs. People forget that energy isn't as big a part of the economy as it was 25 years ago.
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If you're trying to finance capital spending, you do that off saving.