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
consequences margin zero
The consequences are more serious. Right now there is zero margin for error. Nothing can go wrong.
begins higher inflation interest mean prices rising struggle underlying
If underlying inflation begins to percolate higher, that will mean we will have to struggle with rising prices and higher interest rates.
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If you add up all the energy that flows through the region, it accounts for about a third of the nation's supply.
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In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.
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In November, there will be a lot of ugly economic data out on Katrina's initial impact and that might make it harder for them to move at that time,
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Christmas sales are shaping up to be OK.
raising
Implicitly, ... 'I can keep raising rates, and most homeowners won't suffer.'
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If my decision were based solely on economic considerations, I would tighten again. I think the economy won't be derailed by this. I think the economy is firm and they (Fed governors) can send a signal that things are as they were.
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In the absence of a second layer of information, we all assume the job growth is from hiring. It is our default position.
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If the job market doesn't kick into higher gear soon, consumers will lose confidence and rein in their spending, and the economy will in all likelihood fall back into recession unless we're very lucky.
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The bloom is definitely off the housing rose. Housing peaked last summer and has been weakening ever since.
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The baby boom echo generation is now in their mid-teens, at a time when demand for electronics is very high. And they're old enough now to put pressure on their parents to ante up. I know that from personal experience.
change tax
It's an appropriate change to the tax code.
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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.