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
pressures
My sense is, there will be more inflationary pressures going forward.
figures jobs maybe national october weakness
On the national level, I think you'll see weakness in jobs figures for September, October and maybe even November.
attach fed finance high housing markets next problem reasonably test
I would attach a reasonably high probability that there will be a problem in the housing or finance markets that will test the next Fed chairman.
bad bit data fed string
If we get a string of bad data on inflation, the Fed will probably have to tighten for a bit longer.
businesses stepping
Businesses are stepping up. They're flush, and they're increasingly confident.
bush cuts kerry liberal paint providing tax
Bush will paint Kerry as being a tax-and-spend liberal and Kerry will paint bush as only providing tax cuts for the rich.
broader consumer damage economy economy-and-economics energy higher job numbers oil prices spending unless weaker weather
So far, the surge in oil prices has yet to do any significant damage to the broader economy. We may see some softening in the consumer spending numbers soon, but unless that translates into a weaker job market, the economy should be able to weather these higher energy prices.
capacity disrupted gas gets home jet natural oil percent seems
Some 20 percent of the nation's refining capacity seems to be right in Rita's path. If that gets disrupted at all, then gasoline, jet fuel, natural gas and home heating oil will surge higher.
commodity economies japan
The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.
became cautious consumers deficit economy energy growth higher indicate quarter second trade weighed
It does indicate that the second quarter was a disappointing quarter, ... Growth slowed sharply. Consumers became more cautious and our trade deficit ballooned. The economy was weighed down by higher energy prices.
decidedly depends effects few likely negative next time year
It depends on your time frame. For the next few months, it's decidedly a negative event. But in a year or so, the effects will likely have faded.
concern economy hit oil since
I thought oil would have been a concern since it hit $40 but the economy has digested it well,
bond market rates
Reintroducing a little uncertainty in the bond market would be desirable. Long-term rates are too low,
boom degree few growth jobs largely next past problem process respect slightly tech time
Part of the problem that all of tech is having with respect to jobs is they significantly over-hired during the boom times and to some degree the past few years has been payback for overaggressive hiring. But I think that process is largely over and we should see slightly better job growth in tech by this time next year.