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
figures jobs maybe national october weakness
On the national level, I think you'll see weakness in jobs figures for September, October and maybe even November.
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.
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.
jobs fall home
It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.
jobs doe income
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
amount economic economy enhance income increasing jobs longer near plus resources source steady underlying
In the near term, it's a plus ... a steady source of jobs and income. In the longer term, it's an increasing amount of economic resources going to a part of the economy that may not enhance underlying productivity.
bursting housing mortgage rates rise slow store
I think what we have in store is a slow deflating of the housing bubble, not a bursting of the bubble. But if mortgage rates rise more sharply than I am expecting, then the downturn in housing could be more severe.
decision higher level regarding since year
I think they will tighten, but there is a much higher level of uncertainty regarding this decision than at any one since they started over a year ago.
euphoria housing likely scenario slowly
I think the most likely scenario is that housing euphoria slowly deflates but doesn't burst.
curve message overly understand watch yield
I think the message in this inverted yield curve is muddled. I think it is something to watch and to understand better. But I am not overly concerned.
consumer effects gas homes money overall people pull spending
People are able to pull money out of their homes and put it into their gas tanks. So the overall effects on consumer spending have been small.
economy remains tough underlying
We don't get away scot-free, but the underlying economy remains tough and sturdy.
car drive heat home spend
You are going to spend more to drive your car and to heat your home.
decidedly depends effects few likely negative next time year
It depends on your time frame. For the next few months, it's decidedly a negative event. But in a year or so, the effects will likely have faded.