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
challenges perception economist
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
creating credit today
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.
home two decision
Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?
economy housing housing-market
Our economy isn't going to recover until the housing market finds its footing.
couple data economic fed months next political pressure
The economic data in the next couple of months will look pretty weak. There will be significant political pressure on the Fed not to tighten.
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.
amazing believe high housing incredibly level market shown
The housing market has shown amazing resiliency. I believe the market is peaking, but it is at an incredibly high level of activity.
impact pricing starting
The impact on pricing is starting to fade.
economic growth impact point shave
The impact is going to be very significant -- it may shave as much as a half-percentage point from economic growth this year.
basis fed hike markets meaning measured month next point precisely rid
A month ago the markets would have interpreted getting rid of measured as meaning that a 50 basis point hike was possible. Now the market won't know if it would mean no change, another quarter-point move, or a 50 point hike is next and that's precisely why the Fed should take it out,
concerned context focused gives inflation market regarding
The market will be focused on anything that gives more context regarding the inflation outlook, how concerned policy-makers are about inflation.
broader economy force full month reflect statistics ugly
All these statistics reflect the full force of the hurricanes on the broader economy and we will probably have another month of ugly statistics.
economy economy-and-economics fourth health hit worried
The economy hit a pothole in the fourth quarter. I'm not at all worried about the health of the economy.
economy economy-and-economics fourth health hit hole pot worried
The economy hit a pot hole in the fourth quarter. I'm not at all worried about the health of the economy.