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...
good numbers run
We can't run econometric models. The numbers aren't good enough.
financing growing large seem trade trouble
We don't seem to be having any trouble financing our large and growing trade deficits.
consumer rest spending
Other than autos, the rest of consumer spending is doing OK.
carrying continue expect federal funds growth inflation march rate rise send
We continue to expect two more rate hikes, on March 28 and May 10, carrying the federal funds rate to 5 percent. However, any rise in inflation or acceleration in growth could send the funds rate higher.
pick point
To me the point for the administration in this pick is getting this over with quickly.
question
The real question is not what he does, but what he says.
bigger both expected fact lifted looking november pain revise
We had expected to see a bigger rebound. On the other hand, some of the pain is lifted by the fact that they did revise up both November and December, so things are still looking pretty good.
capacity deal spare
There is just no spare refining capacity around to deal with these losses. We don't have any cushion.
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.
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.
gas money pump spend
Fundamentally, money you spend at the gas pump is money you don't have to spend at the mall.
easy markets might start thinking wants
I don't think he wants the markets to start thinking about the things he might change. I think he wants to take it easy at first.
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.
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.