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
coming competition jobs lost million overseas roughly since third trend
Of the 2.7 million jobs lost since employment's peak, roughly a third have been lost to overseas competition, and most if not all of those jobs are not coming back, ... And that trend is going to continue.
figures jobs maybe national october weakness
On the national level, I think you'll see weakness in jobs figures for September, October and maybe even November.
amount economic economy enhance income increasing jobs longer near plus resources source steady underlying
In the near term, it's a plus ... a steady source of jobs and income. In the longer term, it's an increasing amount of economic resources going to a part of the economy that may not enhance underlying productivity.
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.
jobs fall home
It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.
jobs doe income
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
coast moving people
In Florida, people are moving up the coast
growing inflation low pick signs starting
Inflation is still low and modest, but there are growing signs that it is starting to pick up.
adjustment asking difficult economy economy-and-economics force four full grow job labor leave market means people process similar three
It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
businesses question whether
It's not a question of whether businesses can expand; it is a question of their willingness.
bloom definitely housing last peaked summer
The bloom is definitely off the housing rose. Housing peaked last summer and has been weakening ever since.
baby boom demand echo generation parents personal pressure time
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.
businesses coming confident course further improve job market turning willing
Once skittish businesses are turning into confident businesses that are willing and able to hire. I think the job market will improve further in the course of the coming year.
aggressive chairman early establish fights-and-fighting greenspan side
The new chairman will want to show his inflation-fighting mettle. Early on, Chairman Greenspan was on the aggressive side to establish his credentials.