When oil prices are pushed higher by demand rather than supply shortfall, people have time to adjust. We just keep on trucking.
More Quotes from David Wyss:
Greenspan is coming to the end of his term and he really wants to get the interest rate increases done before he leaves. He may feel he can't afford to take a meeting off.David Wyss
Common sense says consumers have to stop spending money at some point. But consumers haven't shown much common sense lately, despite griping about gas prices.
David Wyss
I don't see how we can avoid taking a hit and it will be coming right as we move into the Christmas buying season.
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
People see energy prices going up and they get a little worried about what they can afford to spend money on.
David Wyss
Energy is the big wild card. We just don't know where prices will be. It will be a question of how fast oil refineries and oil pipelines come back.
David Wyss
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