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
creation government healthcare held job
We're getting job creation in healthcare and educational services. We've been getting that all along. It's demographically driven, it's funded by the government, and that's held up.
maturity years three
Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.
mistake recovery cutting
The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.
fate reality government
It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.
party government tea
The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.
weed banking growing
There is a banking adage that if it's growing like a weed, it's a good chance that it's a weed.
done republican democrat
I've done work for both Democrats and Republicans.
helping republican democrat
My policy is I will help any policymaker who asks, whether they be a Republican or a Democrat.
holiday payroll-tax numbers
The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.
challenges perception economist
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
japan financial commodity
The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.
asking bigger decidedly favor increases pay pendulum swung workers
Workers are asking for bigger pay increases and they are getting them. The pendulum has swung decidedly in favor of workers.
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.
inflation overall reflect seniors
The overall CPI does not reflect the inflation most seniors face.