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.
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.
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.
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.
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.
financing growing large seem trade trouble
We don't seem to be having any trouble financing our large and growing trade deficits.
fourth looking optimistic percent quarter top
We're now looking at a 3 percent first quarter on top of that 1.4 percent fourth quarter. We've been the optimists, and I haven't been optimistic enough.
happens initial nobody shock
We've got to see what happens in October. There was an initial shock after the attack. Nobody was doing anything.
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.
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.