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
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.
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.
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.
bond market rates
Reintroducing a little uncertainty in the bond market would be desirable. Long-term rates are too low,
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.
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.