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
causes fed people rate
There is not enough uncertainty about Fed rate hikes?. That causes people to take on too much risk.
buy half might rate tax top
I don't buy into those supply-side, trickle-down ideas. Those arguments might have made some sense 25 years ago, when the top tax rate was 70 percent, but not today, when the top rate is half of that.
bond market rates
Reintroducing a little uncertainty in the bond market would be desirable. Long-term rates are too low,
bursting housing mortgage rates rise slow store
I think what we have in store is a slow deflating of the housing bubble, not a bursting of the bubble. But if mortgage rates rise more sharply than I am expecting, then the downturn in housing could be more severe.
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.
difficult few pace rate seems slowing technical
The rate of technical change, which is the most difficult thing to measure, seems to be slowing from the unprecedented pace of a few years ago.
expect face good higher interest job rates somewhat workers
The tightening of the job market, while very good for workers and much deserved, argues that workers should also expect to face higher interest rates and somewhat higher inflation.
certainly fed less likely neutral pause percent rate
It's less likely that the Fed will pause in its tightening. A neutral rate is certainly at least 4 percent and probably a little higher. That's where we're headed.
allow cuts move point rates revert
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.
fading fast further housing market move prospect rates
The housing market is fading fast and the prospect is it will weaken further as rates move higher.
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.