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
jobs doe income
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
believe home years
A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.
debt world would-be
Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.
japan financial commodity
The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.
mean addresses needs
The discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future.
challenges perception economist
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
creating credit today
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
home two decision
Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?
economy housing housing-market
Our economy isn't going to recover until the housing market finds its footing.
few gas next pay people prices record
In the next few months, there's no upside. And this winter, we're going to feel it more noticeably as people pay record gas prices and record home-heating bills.
amount economic economy enhance income increasing jobs longer near plus resources source steady underlying
In the near term, it's a plus ... a steady source of jobs and income. In the longer term, it's an increasing amount of economic resources going to a part of the economy that may not enhance underlying productivity.
absence assume default growth job layer second
In the absence of a second layer of information, we all assume the job growth is from hiring. It is our default position.
economy economy-and-economics fourth health hit worried
The economy hit a pothole in the fourth quarter. I'm not at all worried about the health of the economy.
economy economy-and-economics fourth health hit hole pot worried
The economy hit a pot hole in the fourth quarter. I'm not at all worried about the health of the economy.