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Letter "D" » David Wyss Quotes
«Greenspan has had the most successful tenure in Fed history. He kept inflation under very tight control while avoiding any major recessions.»
Author: David Wyss
«It was one of the worst days in U.S. financial history, and he dealt with the repercussions very well.»
Author: David Wyss
«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.»
Author: 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.»
Author: David Wyss
«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?»
Author: David Wyss
«We had expected to see a bigger rebound. On the other hand, some of the pain is lifted by the fact that they did revise up both November and December, so things are still looking pretty good.»
Author: 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.»
Author: David Wyss
«This was certainly a successful launch for the 30-year bond.»
Author: David Wyss
«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.»
Author: David Wyss
«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.»
Author: David Wyss
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