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...
income lived people
You can live off your income if you lived the way people did in the 1950s.
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.
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.
afford energy money people prices spend worried
People see energy prices going up and they get a little worried about what they can afford to spend money on.
people
That's what people say but probably not what they do.
demand higher oil people prices pushed rather supply time
When oil prices are pushed higher by demand rather than supply shortfall, people have time to adjust. We just keep on trucking.
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.
board people sensible shock stuff sure talking whether
I don't know whether he's going to have much input, but it would shock me if he didn't have some. He's talking to the people at the board who are writing this stuff and making sure that things look sensible -- something that he can live with.
people virtuous works
Because they've got the employment, the people go there. It's a virtuous circle. It works in the right direction.
despite economy energy forget high living people profits strong turning
The economy is living with it, and corporations are turning in strong profits despite high energy costs. People forget that energy isn't as big a part of the economy as it was 25 years ago.
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.
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.
consumer rest spending
Other than autos, the rest of consumer spending is doing OK.