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...
expect looking market mild sort stock
We expect the stock market to have another mild gain, sort of like it did in 2005. We're looking for the market to up about 6% by the end of the year.
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.
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.
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They have to accumulate dollars to keep the yuan down relative to the dollar. But since China has moved to peg the yuan to a market basket of currencies, instead of just the dollar, it's logical for them move their foreign exchange holdings to the same basket.
creeping inflation worried
They like inflation where it is now. But they're worried that it's creeping up.
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.
days dealt financial worst
It was one of the worst days in U.S. financial history, and he dealt with the repercussions very well.
certainly launch successful
This was certainly a successful launch for the 30-year bond.
energy fast oil prices question wild
Energy is the big wild card. We just don't know where prices will be. It will be a question of how fast oil refineries and oil pipelines comes back.
chrysler ford imported might parts
Even a Chrysler has some imported parts in it and because these Toyotas are a little more expensive, Ford might be charging more.
income lived people
You can live off your income if you lived the way people did in the 1950s.
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We did see a bit of acceleration in wages. We were up 0.4 percent in January. That may be good news for the workers, but it is something that is going to make the Federal Reserve a bit worried about the possible impact of inflation and may increase the probability that they're going to raise rates again.
common consumers despite gas money says shown spending stop
Common sense says consumers have to stop spending money at some point. But consumers haven't shown much common sense lately, despite griping about gas prices.
continuing gains rich top wealth
This is the continuing story of the rich getting richer. Clearly, the gains in wealth are going to the top end.