70 Quotes by David Wyss

Consumer spending may slow down a bit more than thought. But, it won't drive us into a recession - that would probably take oil going well over $100 a barrel.

Consumers are spending their little hearts out. We are doing pretty darn good.

It's Newton's law of currency: Any overvaluation will be followed by undervaluation.

It was one of the worst days in U.S. financial history, and he dealt with the repercussions very well.

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.

They like inflation where it is now. But they're worried that it's creeping up.

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.

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.

If you're going to buy bonds, that's the place to be.