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
concern economy hit oil since
I thought oil would have been a concern since it hit $40 but the economy has digested it well,
err growth higher hit inflation interest pain rate side slower
Ultimately, if you err on the side of being dovish it will only come with more pain from slower growth. The hit to growth would be more substantial from higher inflation than from interest rate hikes.
economy economy-and-economics fourth health hit worried
The economy hit a pothole in the fourth quarter. I'm not at all worried about the health of the economy.
economy economy-and-economics fourth health hit hole pot worried
The economy hit a pot hole in the fourth quarter. I'm not at all worried about the health of the economy.
economy economy-and-economics fourth hit
The economy hit a pothole in the fourth quarter.
choice consumers difficult economy economy-and-economics filling gas gasoline hard hardest hit home oil spending stretched tank
The economy is going to be hit hard by Katrina, and it is going to be hardest on consumers who are already stretched thin. With the surge in gasoline and home heating oil prices, consumers will have a difficult choice to make between filling their gas tank or spending on other things.
growth job market tech until year
This should be a year where the tech market stabilizes but I don't see job growth until 2004.
among belongs causing decade giant house housing plenty prices soar
There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them.
couple expanding housing less next quite region rest
This region is expanding not quite as much as the rest of the country. We will see much less housing activity, especially in the next couple of years.
across banks central cover due energy fears gives global globe inflation lift policy prices
There has been a global pick-up in inflation due to the surge in energy prices, and that gives cover for US manufacturers to lift their prices more aggressively. Central banks across the globe are tightening policy in fears that the surge in energy prices will infect inflation more broadly.
decline percentage
You have to go back 25 years to find a decline that is as significant on a percentage basis.
bust growth job memory seem tech
As the memory of the tech bust fades, we seem to be getting better and better job growth.
areas combined conditions country enjoying falling few less point result rising values wonderful
At some point you will get a combination of falling values combined with rising payments on adjustable mortgages, which will result in more bankruptcy. For these areas of the country that are enjoying such wonderful conditions right now, it will become much less wonderful a few years down the road.
alone coffee imports orleans port tons
The Port of New Orleans alone imports 250,000 tons of coffee every year.