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
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.
coming competition jobs lost million overseas roughly since third trend
Of the 2.7 million jobs lost since employment's peak, roughly a third have been lost to overseas competition, and most if not all of those jobs are not coming back, ... And that trend is going to continue.
holding job market together
This indicates that the job market is holding together pretty well,
account current deficit forecast slowing together
A lot of things have to come together to make my forecast of a slowing current account deficit come true.
continued further needs
There needs to be continued and significant further revaluation of the yuan.
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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.
disaster economic natural
This is a significant economic event. This is much more substantial than any other natural disaster that the U.S. has experienced.
edge energy markets rest
This is going to keep energy markets on a razor's edge for the rest of the year,
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This is a pay back for the aggressive discounts consumers were offered to buy cars during the summer.
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This issue is a global fault line that will get exposed if all the Asian nations don't allow their currencies to appreciate vis-a-vis the dollar.
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.
anywhere bad bonds constant flock global investors money rating treasury
Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.