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
continue stick
I think they're going to stick to their script, that they're going to continue to tighten at each meeting.
decline depend home increase months next result weather
Gasoline, home heating prices, they are very volatile. Some months they're up, some months they're down. They depend on the vagaries of the weather ? It's warm, it's cold. The big decline I think will result in a big increase next month.
capacity disrupted gas gets home jet natural oil percent seems
Some 20 percent of the nation's refining capacity seems to be right in Rita's path. If that gets disrupted at all, then gasoline, jet fuel, natural gas and home heating oil will surge higher.
almost certain economy-and-economics fed upbeat
It's almost certain that the Fed will be more upbeat about the economy.
concerns degree fed good growth inflation job level market year
That's right where the Fed would like to see it, ... It would take a good year of that level of monthly growth before the job market tightens to the degree where inflation concerns would become more paramount.
consumer current economic growth pace spending
Consumer spending growth will moderate, but it won't impede the current pace of economic expansion.
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.
break expect flat job jog market tech throughout
The tech job market was flat on its back throughout most of the decade. It's now back on its feet. I expect it to break into a jog this year.
few gas next pay people prices record
In the next few months, there's no upside. And this winter, we're going to feel it more noticeably as people pay record gas prices and record home-heating bills.
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.
desirable fed inflation top
It's at the top end of what's desirable for the Fed policy-makers and investors. Inflation is low, but it is rising.
growth pick profit revenue squeeze start
If revenue growth does not start to pick up that would squeeze profit margins.
concern economy hit oil since
I thought oil would have been a concern since it hit $40 but the economy has digested it well,
affect bulk correction great housing market turned
He said housing has turned increasingly speculative, and a correction in the market is coming, ... But he also said that the correction won't affect the great bulk of homeowners.