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
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Confidence is a key part of what's happening in the economy and the market. You shouldn't underestimate the importance of symbolic moves like these.
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They don't have Greenspan's practical edge to them, but they all have academic and government policy experience. I hesitate to say they won't live up to Greenspan, but that would be hoping for an awful lot.
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There needs to be continued and significant further revaluation of the yuan.
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This is a similar point in the business cycle to when Greenspan took over the reins of the Fed. And of course he was tested right away with the 1987 stock market crash.
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This is a significant economic event. This is much more substantial than any other natural disaster that the U.S. has experienced.
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This is going to keep energy markets on a razor's edge for the rest of the year,
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This is a pay back for the aggressive discounts consumers were offered to buy cars during the summer.
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This issue is a global fault line that will get exposed if all the Asian nations don't allow their currencies to appreciate vis-a-vis the dollar.
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The unleashing of business pent-up demand will ensure that the U.S. economy's recovery will continue, but the unwinding of consumer spent-up demand will ensure that it won't come roaring back,
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This could drive unemployment lower and create more wage pressure.
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Profits as a share of output are close to 10 percent. That's as high as they've ever been.
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Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.
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Of the 2.7 million jobs lost since employment's peak, roughly a third have been lost to overseas competition, and most if not all of those jobs are not coming back, ... And that trend is going to continue.
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There's just a lot more boomer kids out there, and that's cutting up the pie into very small pieces.