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
backed beverages chocolate coffee consumed consumers excess export higher prices pushing raw supplies supply wheat
Consumers will see higher prices on coffee beverages and even chocolate if the raw supplies get backed up at the ports. In agricultural products, prices of cereals and breads could decline. If we can't export the wheat and grain, then the excess supply will have to be consumed domestically, pushing down prices.
facilities gonna lots money overtime running sure triple work
And you know at these kind of prices, there's lots of money to be made. So I'm sure they're gonna work triple overtime to get their facilities up and running again.
economy economy-and-economics gets good longer next obvious step
Broadly speaking, the economy is in a pretty good place. But it's no longer obvious what the next step should be. Now it gets a lot more complicated.
bust growth job memory seem tech
As the memory of the tech bust fades, we seem to be getting better and better job growth.
coast confident due energy expansion gulf higher impact indication job market outside remain
There is no indication that the job market outside of the impacted Gulf Coast has skipped a beat. The hurricanes are having an impact due to the higher energy prices, but I think we can be confident the expansion will remain on track.
causes fed people rate
There is not enough uncertainty about Fed rate hikes?. That causes people to take on too much risk.
account current deficit forecast slowing together
A lot of things have to come together to make my forecast of a slowing current account deficit come true.
academic awful edge government hesitate hoping policy practical
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.
change increase pay people prepare thinking
At best, people should prepare for no pay increase and no bonus, something they have been getting a lot of. At worst, they should be thinking they may need to change occupations.
ahead budget bunch contribute deficits largely problems tax
A bunch of problems that we have ahead of us are largely because of these tax cuts. They are very costly and will contribute significantly to budget deficits in the future.
deals fair
It's fair to say there will still be deals right through the summer.
business course cycle greenspan market point reins similar stock tested took
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.
disaster economic natural
This is a significant economic event. This is much more substantial than any other natural disaster that the U.S. has experienced.
edge energy markets rest
This is going to keep energy markets on a razor's edge for the rest of the year,