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
decidedly depends effects few likely negative next time year
It depends on your time frame. For the next few months, it's decidedly a negative event. But in a year or so, the effects will likely have faded.
competition conclude corporate effects fair global ill job layoffs track
We're back on track after the ill effects of the hurricanes. But it is also fair to conclude that global competition and corporate layoffs are weighing on job growth.
christmas economy effects ill largely turn
This suggests that the economy has largely shrugged off the ill effects of the hurricanes. Christmas will turn out better than expected.
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.
bad broader bubble calamity creating credit financial great hard housing loans market millions mortgage paved problem recession
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
affect credit entire financial housing problems quickly result undermine
It would undermine the housing market, and could quickly result in credit problems that would affect the entire (American) financial system.
adjustment crops hotel maybe might occur period picked rooms time
It would take time for that to occur and during this period of adjustment -- some things might not get done -- maybe some crops won't be picked or some hotel rooms won't get cleaned.
businesses compete driven employers expanding force growing growth hire hiring opportunity pushing revenue staff wages work workers
The work force is growing not because employers are hiring a lot of new workers to staff expanding operations. The economy, in other words, is not being driven by businesses out there scouring for opportunity and revenue growth and pushing up wages as they compete to hire more workers.
accelerate clearly energy further inflation risks
The risks are clearly that inflation will accelerate further because of energy.
china number rhetoric
The rhetoric over China is intensifying for a number of reasons.
change data export fed growth laid pressure script takes wage
There won't be any change in the script the Fed has laid out. Export growth has weakened and there is a lid on wage growth. This data takes some pressure off of the more hawkish Fed members.
change data export fed growth laid pressure script takes wage
There won't be any change in the script the Fed has laid out, ... Export growth has weakened and there is a lid on wage growth. This data takes some pressure off of the more hawkish Fed members.
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.
close high output profits share
Profits as a share of output are close to 10 percent. That's as high as they've ever been.