More - David Wyss Quotes

We've got to see what happens in October. There was an initial shock after the attack. Nobody was doing anything.

David Wyss

 

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.

David Wyss

 

We have a real savings shortfall.

David Wyss

 

We can't run econometric models. The numbers aren't good enough.

David Wyss

 

There is just no spare refining capacity around to deal with these losses. We don't have any cushion.

David Wyss

 

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.

David Wyss

 

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.

David Wyss

 Energy

This was certainly a successful launch for the 30-year bond.

David Wyss

 

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.

David Wyss

 

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.

David Wyss