I don't think there's any cliff you suddenly walk off. I'm not going to worry about a recession until we get up to 100 a barrel.
More Quotes from David Wyss:
The problem is natural gas, and how bad that is depends on how bad the winter is going to be and it's not starting off well. It's cold.David Wyss
We continue to expect two more rate hikes, on March 28 and May 10, carrying the federal funds rate to 5 percent. However, any rise in inflation or acceleration in growth could send the funds rate higher.
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
They like inflation where it is now. But they're worried that it's creeping up.
David Wyss
This is the continuing story of the rich getting richer. Clearly, the gains in wealth are going to the top end.
David Wyss
We don't seem to be having any trouble financing our large and growing trade deficits.
David Wyss
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