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
business course cycle greenspan market point reins similar stock tested took
This is a similar point in the business cycle to when Greenspan took over the reins of the Fed. And of course he was tested right away with the 1987 stock market crash.
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It means that they're going to be under a lot of financial pressure in the years ahead. And that's going to put pressure on the entire economy and on the political process.
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The market will be focused on anything that gives more context regarding the inflation outlook, how concerned policy-makers are about inflation.
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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.
causes fed people rate
There is not enough uncertainty about Fed rate hikes?. That causes people to take on too much risk.
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There is no indication that the job market outside of the impacted Gulf Coast has skipped a beat. The hurricanes are having an impact due to the higher energy prices, but I think we can be confident the expansion will remain on track.
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The Port of New Orleans alone imports 250,000 tons of coffee every year.
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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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This should be a year where the tech market stabilizes but I don't see job growth until 2004.
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You are going to spend more to drive your car and to heat your home.
economy remains tough underlying
We don't get away scot-free, but the underlying economy remains tough and sturdy.
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We'll see how much of a free trader
decline percentage
You have to go back 25 years to find a decline that is as significant on a percentage basis.
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Trade is far and away the largest weight on the U.S. economy at present. This is a risky time.