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
economy economy-and-economics fourth health hit worried
The economy hit a pothole in the fourth quarter. I'm not at all worried about the health of the economy.
economy economy-and-economics fourth hit
The economy hit a pothole in the fourth quarter.
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The economy hit a pot hole in the fourth quarter. I'm not at all worried about the health of the economy.
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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.
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It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
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It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.
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Once skittish businesses are turning into confident businesses that are willing and able to hire. I think the job market will improve further in the course of the coming year.
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If illegal immigration came to a standstill, it would disrupt the economy. It would lead to higher prices for many goods and services, and some things literally would not get done. It would be a major adjustment for our economy, for sure.
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The impact on pricing is starting to fade.
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And you know at these kind of prices, there's lots of money to be made. So I'm sure they're gonna work triple overtime to get their facilities up and running again.
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The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.
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I think the most likely scenario is that housing euphoria slowly deflates but doesn't burst.
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All these statistics reflect the full force of the hurricanes on the broader economy and we will probably have another month of ugly statistics.
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The job market is getting tight enough that employees will regain some negotiating power and some modest improvement in wage growth next year.