Mark Zandi
Mark Zandi
Mark Zandi is chief economist of Moody's Analytics, where he directs economic research. He is co-founder of Economy.com, which was acquired by Moody's Analytics in 2005. Prior to founding Economy.com, Zandi was a regional economist at Chase Econometrics...
NationalityAmerican
ProfessionEconomist
CountryUnited States of America
concerns degree fed good growth inflation job level market year
That's right where the Fed would like to see it, ... It would take a good year of that level of monthly growth before the job market tightens to the degree where inflation concerns would become more paramount.
adjustment asking difficult economy economy-and-economics force four full grow job labor leave market means people process similar three
It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
businesses question whether
It's not a question of whether businesses can expand; it is a question of their willingness.
change increase pay people prepare thinking
At best, people should prepare for no pay increase and no bonus, something they have been getting a lot of. At worst, they should be thinking they may need to change occupations.
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A bunch of problems that we have ahead of us are largely because of these tax cuts. They are very costly and will contribute significantly to budget deficits in the future.
deals fair
It's fair to say there will still be deals right through the summer.
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It's at the top end of what's desirable for the Fed policy-makers and investors. Inflation is low, but it is rising.
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It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.
costs measurable strike
It's measurable but very manageable. But the strike has to come to an end, or the costs will mount.
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This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s. We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.
holding job market together
This indicates that the job market is holding together pretty well,
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A lot of things have to come together to make my forecast of a slowing current account deficit come true.
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Consumer spending growth will moderate, but it won't impede the current pace of economic expansion.
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Consumers are reeling from the high energy bills and that has to be watched very carefully. Another month of falling consumer confidence would be disturbing.