Quotes by David Wyss

“Its not leaking into the core inflation rate as it did back in the 1970s.”

“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.”

“Because theyve got the employment, the people go there. Its a virtuous circle. It works in the right direction.”

“Fundamentally, money you spend at the gas pump is money you dont have to spend at the mall.”

“The economy is living with it, and corporations are turning in strong profits despite high energy costs. People forget that energy isnt as big a part of the economy as it was 25 years ago.”

“I dont think theres any cliff you suddenly walk off. Im not going to worry about a recession until we get up to $100 a barrel.”

“My guess is things will cool abruptly; the question is do they do it by June 29.”

“The second quarter is shaping up to be stronger than expected.”

“Common sense says consumers have to stop spending money at some point. But consumers havent shown much common sense lately, despite griping about gas prices.”

“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.”