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...
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.
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.
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.
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.
consumer rest spending
Other than autos, the rest of consumer spending is doing OK.
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.
gas money pump spend
Fundamentally, money you spend at the gas pump is money you don't have to spend at the mall.
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.
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.
afford coming greenspan increases interest meeting rate term wants
Greenspan is coming to the end of his term and he really wants to get the interest rate increases done before he leaves. He may feel he can't afford to take a meeting off.