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...
currency drop feared impact japan last negative value year
In Japan's case, back in 2003-2004, they feared the yen would drop too much in value and they intervened heavily in the currency markets. Then, Japan ceased intervening over the last year or so -- but this didn't have much of a negative impact on U.S. markets.
colder definitely gas mild natural normal winter
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.
avoiding control fed greenspan inflation kept major successful tenure tight
Greenspan has had the most successful tenure in Fed history. He kept inflation under very tight control while avoiding any major recessions.
chrysler ford imported might parts
Even a Chrysler has some imported parts in it and because these Toyotas are a little more expensive, Ford might be charging more.
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.
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They have to accumulate dollars to keep the yuan down relative to the dollar. But since China has moved to peg the yuan to a market basket of currencies, instead of just the dollar, it's logical for them move their foreign exchange holdings to the same basket.
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.
consumer rest spending
Other than autos, the rest of consumer spending is doing OK.
cliff recession suddenly until walk worry
I don't think there's any cliff you suddenly walk off. I'm not going to worry about a recession until we get up to $100 a barrel.
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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.
disaster raise raising rates recover sending trying wrong
Politically, I wouldn't raise rates on the 20th. Raising rates when you are trying to recover from a disaster like this is sending the wrong message.
creeping inflation worried
They like inflation where it is now. But they're worried that it's creeping up.
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.
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.