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
answering auto fourth gave history industry involved knew teacher
In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.
data economic harder impact initial might move ugly
In November, there will be a lot of ugly economic data out on Katrina's initial impact and that might make it harder for them to move at that time,
economy economy-and-economics fault greenspan housing indeed line undermine worried
Housing is a fault line in the economy that Greenspan is indeed worried about, but he doesn't think a housing (slowdown) will undermine the expansion.
further housing months sales
Housing has peaked. And all indications are that sales will weaken further in the months ahead.
coming economic economy-and-economics gain growth low paints picture solid strength strongest together weakest
Housing, the strongest part of the economy, is still booming, and manufacturing, the weakest part, should gain strength in coming months. Put it all together and it paints a pretty economic picture of solid growth and low inflation.
continuing count downs energy food prices related ups warm weight winter
I don't really put too much weight on the big ups and downs in the energy prices. And food prices also fell. That probably is related to the warm winter weather, and we can't count on that continuing for very long, either.
bubble correction greenspan large stronger
If Greenspan had been stronger in his views, then the bubble would not have been as large and the subsequent correction not as severe.
adjustment came disrupt economy-and-economics goods higher illegal lead literally major prices
If illegal immigration came to a standstill, it would disrupt the economy. It would lead to higher prices for many goods and services, and some things literally would not get done. It would be a major adjustment for our economy, for sure.
decline depend home increase months next result weather
Gasoline, home heating prices, they are very volatile. Some months they're up, some months they're down. They depend on the vagaries of the weather ? It's warm, it's cold. The big decline I think will result in a big increase next month.
average awful chair chairman confidence ensuring fed financial iraq lose markets matter matters normal people restoring vital
The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 9/11 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy.
consequences margin zero
The consequences are more serious. Right now there is zero margin for error. Nothing can go wrong.
retirement home winning
No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.
years america hair
They called me the sexiest economist in America, and that was years ago, when I had hair and body mass and my teeth were shiny.
law needs debt
We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.