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
fed future plain reference rid send signal statement strong vanilla
I think the Fed will get rid of the reference about what to do in the future. I think they will make the statement as plain vanilla as possible, and they won't try to send a strong signal one way or the other.
coming economic economy-and-economics gain growth low paints picture solid strength strongest together weakest
Housing, the strongest part of the economy, is still booming, and manufacturing, the weakest part, should gain strength in coming months. Put it all together and it paints a pretty economic picture of solid growth and low inflation.
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The largest source that drove the very strong growth over the last year was this powerful replacement cycle, which is fading, ... The need to replace inventory is over.
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It looks like the mid-Atlantic weathered the hurricane well. Activity rebounded smartly. It does reinforce the view that the underlying economy remains strong in the mid-Atlantic and more broadly across the country.
broader costs growth labor rising slowing strong
Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.
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If Greenspan had been stronger in his views, then the bubble would not have been as large and the subsequent correction not as severe.
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The economy is strong and, if history is a guide, it should suggest inflationary pressures should develop, but they haven't.
strong government play
The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.
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.
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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.
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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.
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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.