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 consumer demand ensure recovery roaring
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,
create drive lower wage
This could drive unemployment lower and create more wage pressure.
alan basis change deficits discipline early enforced fiscal flipped greenspan large policy trying
This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s. We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.
academic awful edge government hesitate hoping policy practical
They don't have Greenspan's practical edge to them, but they all have academic and government policy experience. I hesitate to say they won't live up to Greenspan, but that would be hoping for an awful lot.
err growth higher hit inflation interest pain rate side slower
Ultimately, if you err on the side of being dovish it will only come with more pain from slower growth. The hit to growth would be more substantial from higher inflation than from interest rate hikes.
bond market rates
Reintroducing a little uncertainty in the bond market would be desirable. Long-term rates are too low,
boom degree few growth jobs largely next past problem process respect slightly tech time
Part of the problem that all of tech is having with respect to jobs is they significantly over-hired during the boom times and to some degree the past few years has been payback for overaggressive hiring. But I think that process is largely over and we should see slightly better job growth in tech by this time next year.
answering auto fourth gave history industry involved knew teacher
In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.
data economic harder impact initial might move ugly
In November, there will be a lot of ugly economic data out on Katrina's initial impact and that might make it harder for them to move at that time,
raising
Implicitly, ... 'I can keep raising rates, and most homeowners won't suffer.'
confidence consumers economy fall gear higher job kick likelihood lose market recession rein unless
If the job market doesn't kick into higher gear soon, consumers will lose confidence and rein in their spending, and the economy will in all likelihood fall back into recession unless we're very lucky.
christmas sales shaping
Christmas sales are shaping up to be OK.
actual capacity disruption energy excess global higher levels meant oil prices reflects related thin
If there's any disruption anywhere, actual or perceived, prices go higher -- which reflects the very thin excess capacity in the global oil market. Clearly, the record-high levels for energy prices meant a windfall for related industries.
growth pick profit revenue squeeze start
If revenue growth does not start to pick up that would squeeze profit margins.