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...
paying people
It's the '90s all over again. New technology, it's exciting, people think it's going to the sky, and people are paying accordingly.
computer continued disturbing example line looks rebound sort strength weakness
It looks sort of in line with expectations, with some strength -- for example a rebound in communications and machinery, but also some disturbing continued weakness in the computer sector.
days dealt financial worst
It was one of the worst days in U.S. financial history, and he dealt with the repercussions very well.
affecting ends happy washington
The geopolitical tensions are affecting people. They're not happy with Washington and when they're not happy about Washington, it ends up making them not happy about the economy.
despite economy energy forget high living people profits strong turning
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.
dire disruption drop leading september telling
The leading indicators are telling us that we have got a slowdown because of the disruption from the hurricanes, but it is not as dire as the September drop would suggest.
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?
came critical impact less negative people quicker services shift
I think the hurricanes had less impact than we thought they were going to. They had a negative impact, but people were able to shift things around, and critical services came back quicker than expected.
accident collect core data energy prices
I think the core trumps the energy prices. We know about energy prices and it's an accident about when they collect price data during the month.
coming financial hikes markets problem rate struggling
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.
buy
If you're going to buy bonds, that's the place to be.
extended fed goes hold march policy rates stop switch unless
The Fed doesn't like to switch policy very quickly. Unless something goes wrong, I think they are going to stop (after the March move) and hold rates there for an extended period.
followed law
It's Newton's law of currency: Any overvaluation will be followed by undervaluation.
baby boomers data despite gained gains ground held low market rapidly rate returns saving showing signs start stock strong three virtually weaker
The data show that Americans are ill-prepared for retirement, and gained virtually no ground over these three years. The low saving rate and weaker returns in the stock market held back wealth, despite strong gains in housing. With the baby boomers rapidly approaching retirement, we need to start saving fast, and are showing no signs of doing so.