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
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The economy is much improved over the past year but it's still underperforming.
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The unleashing of business pent-up demand will ensure that the U.S. economy's recovery will continue, but the unwinding of consumer spent-up demand will ensure that it won't come roaring back,
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Given the crosscurrents in the economic inflation data, it will be difficult for him to be clear-cut.
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Housing has peaked. And all indications are that sales will weaken further in the months ahead.
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Confidence is a key part of what's happening in the economy and the market. You shouldn't underestimate the importance of symbolic moves like these.
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The economy is good, but it hasn't improved for everybody. The gains have predominantly gone to higher-income and higher net-worth households. Lower net-worth households are still struggling.
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It does indicate that the second quarter was a disappointing quarter, ... Growth slowed sharply. Consumers became more cautious and our trade deficit ballooned. The economy was weighed down by higher energy prices.
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In the absence of a second layer of information, we all assume the job growth is from hiring. It is our default position.
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Christmas sales are shaping up to be OK.
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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.
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I think the message in this inverted yield curve is muddled. I think it is something to watch and to understand better. But I am not overly concerned.
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The surge in energy prices we have seen to date will be partially passed through to consumers.
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It's better than it was but it's not as good as anywhere else. There are growing pockets of strength. Chicago, Kansas City, Minneapolis -- these are economies that had been severely depressed a few years ago and are now making their way back.
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Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.