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
create drive lower wage
This could drive unemployment lower and create more wage pressure.
alan basis change deficits discipline early enforced fiscal flipped greenspan large policy trying
This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s. We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.
allow cuts move point rates revert
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.
anywhere bad bonds constant flock global investors money rating treasury
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.
holding job market together
This indicates that the job market is holding together pretty well,
aggressive chairman early establish
I think the new chairman will be more aggressive in tightening policy, at least early on in his term, just to establish his inflation-fighting credentials.
fed future plain reference rid send signal statement strong vanilla
I think the Fed will get rid of the reference about what to do in the future. I think they will make the statement as plain vanilla as possible, and they won't try to send a strong signal one way or the other.
bills face gasoline higher home medicare prices record tough winter
It is going to be a tough winter for many seniors. Not only will they face higher Medicare premiums, but record gasoline prices and higher home heating bills as well.
bigger demanding increases labor pay start
Labor will start demanding bigger pay increases and will get them.
bursting housing mortgage rates rise slow store
I think what we have in store is a slow deflating of the housing bubble, not a bursting of the bubble. But if mortgage rates rise more sharply than I am expecting, then the downturn in housing could be more severe.
euphoria housing likely scenario slowly
I think the most likely scenario is that housing euphoria slowly deflates but doesn't burst.
curve message overly understand watch yield
I think the message in this inverted yield curve is muddled. I think it is something to watch and to understand better. But I am not overly concerned.
people responding
People are responding to the escalating prices: They're moving.
consumer effects gas homes money overall people pull spending
People are able to pull money out of their homes and put it into their gas tanks. So the overall effects on consumer spending have been small.