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...
consumers darn hearts spending
Consumers are spending their little hearts out. We are doing pretty darn good.
days dealt financial worst
It was one of the worst days in U.S. financial history, and he dealt with the repercussions very well.
followed law
It's Newton's law of currency: Any overvaluation will be followed by undervaluation.
computer continued disturbing example line looks rebound sort strength weakness
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.
affects concerned continue economy fed hikes june pause pointing problems rather toward year
It is rather encouraging that the Fed is pointing toward a pause after the May hike. A lot of us were getting concerned that the hikes would continue into June and August. And one of the problems is that what the Fed does now affects the economy a year from now.
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.
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.
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?
capacity deal spare
There is just no spare refining capacity around to deal with these losses. We don't have any cushion.
baby boomers data despite gained gains ground held low market rapidly rate returns saving showing signs start stock strong three virtually weaker
The data show that Americans are ill-prepared for retirement, and gained virtually no ground over these three years. The low saving rate and weaker returns in the stock market held back wealth, despite strong gains in housing. With the baby boomers rapidly approaching retirement, we need to start saving fast, and are showing no signs of doing so.
among dying eat elderly health incredibly people poverty program security social successful virtually
Back when the program was created, elderly people were dying because they had nothing to eat and no health care. Social Security has been incredibly successful at virtually eliminating poverty among the elderly.
people
That's what people say but probably not what they do.