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
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.
coast moving people
In Florida, people are moving up the coast
growing inflation low pick signs starting
Inflation is still low and modest, but there are growing signs that it is starting to pick up.
actual capacity disruption energy excess global higher levels meant oil prices reflects related thin
If there's any disruption anywhere, actual or perceived, prices go higher -- which reflects the very thin excess capacity in the global oil market. Clearly, the record-high levels for energy prices meant a windfall for related industries.
growth pick profit revenue squeeze start
If revenue growth does not start to pick up that would squeeze profit margins.
attract boils capital crash difficult dollar factor fed global help interest loosen policy puts sentiment support
If protectionist sentiment boils over, that could be a precipitating factor for the dollar. In a dollar crash scenario, it puts the Fed in a particularly difficult spot. Do they tighten policy (raise interest rates) to attract global capital or do they loosen it to help support the economy?
businesses coming confident course further improve job market turning willing
Once skittish businesses are turning into confident businesses that are willing and able to hire. I think the job market will improve further in the course of the coming year.
aggressive chairman early establish fights-and-fighting greenspan side
The new chairman will want to show his inflation-fighting mettle. Early on, Chairman Greenspan was on the aggressive side to establish his credentials.
policy tricky
So far, it's weakening, not caving. But it's been a tricky policy to deflate housing, not crater it.
employees favor fully gain healthy starting swinging
That's a healthy pickup. The pendulum, which had been fully in favor of employers, is swinging back in favor of employees. Employees are starting to gain traction.
drove growth inventory largest last powerful replace source strong year
The largest source that drove the very strong growth over the last year was this powerful replacement cycle, which is fading, ... The need to replace inventory is over.
fed growing signals statement
The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.
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.