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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Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.
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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.
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It's better than it was but it's not as good as anywhere else. There are growing pockets of strength. Chicago, Kansas City, Minneapolis -- these are economies that had been severely depressed a few years ago and are now making their way back.
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The job market is getting tight enough that employees will regain some negotiating power and some modest improvement in wage growth next year.
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The job market is as good as it's been since 2000. Unemployment is 4.7 percent, and it is falling. Job growth is sturdy, and it is increasingly broad-based and across regions and occupations. In fact, this will be the first year that wage growth will begin to accelerate. It should be a good year for American students.
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The job losses over the past three years have been across a wide range of industries and from coast to coast. And if you've lost your job, in all likelihood you will remain unemployed for longer than in any period since the Great Depression.
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A month ago the markets would have interpreted getting rid of measured as meaning that a 50 basis point hike was possible. Now the market won't know if it would mean no change, another quarter-point move, or a 50 point hike is next and that's precisely why the Fed should take it out,
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The market will be focused on anything that gives more context regarding the inflation outlook, how concerned policy-makers are about inflation.
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If Greenspan had been stronger in his views, then the bubble would not have been as large and the subsequent correction not as severe.
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All these statistics reflect the full force of the hurricanes on the broader economy and we will probably have another month of ugly statistics.
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The economy hit a pothole in the fourth quarter. I'm not at all worried about the health of the economy.
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The economy hit a pot hole in the fourth quarter. I'm not at all worried about the health of the economy.
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The economy hit a pothole in the fourth quarter.
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the economy has weathered these storms about as gracefully as could be expected.