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...
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.
change core focused inflation looking sign
There is no change for the Fed. They are more focused on the real economy. They are looking for any sign that core inflation is going up.
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.
capacity deal spare
There is just no spare refining capacity around to deal with these losses. We don't have any cushion.
question
The real question is not what he does, but what he says.
domestic gross huge lower might rate somewhat
We might have a lower unemployment rate and a somewhat lower gross domestic product, but it wouldn't be a huge impact.
demand higher oil people prices pushed rather supply time
When oil prices are pushed higher by demand rather than supply shortfall, people have time to adjust. We just keep on trucking.