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
katrina question
Katrina is going to muck things up; it's just a question to what degree.
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I suspect this is a pause and we still see a resumption of top line growth and, ultimately, better hiring in tech.
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I think they will tighten, but there is a much higher level of uncertainty regarding this decision than at any one since they started over a year ago.
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Going forward it will be harder for them to maintain their spending - and their living standards.
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He said housing has turned increasingly speculative, and a correction in the market is coming, ... But he also said that the correction won't affect the great bulk of homeowners.
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.
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Given the recent surge in energy prices and higher medical costs, many will not be made whole by the increase. The increase is backwards looking; it represents inflation over the last year. In the near term, inflation will be greater.
data economic energy financial given gulf images instead markets prices reason rising symbolic worse
if the financial markets were reeling and the images from the Gulf were getting worse instead of better, if energy prices were rising instead of falling. But given the economic data and financial markets, there's no reason to make a symbolic move.
fed november pause response
If the Fed were going to pause in response to Katrina, it probably would be in November and December,
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Greenspan should weigh against asset markets in the good times -- just as he works to support them in the difficult times. He's been one-sided in his policies,
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He doesn't have the wide range of experience Greenspan did going into the job, which has served Greenspan well.
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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.
christmas sales shaping
Christmas sales are shaping up to be OK.