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
create drive lower wage
This could drive unemployment lower and create more wage pressure.
coming economic economy-and-economics gain growth low paints picture solid strength strongest together weakest
Housing, the strongest part of the economy, is still booming, and manufacturing, the weakest part, should gain strength in coming months. Put it all together and it paints a pretty economic picture of solid growth and low inflation.
growing inflation low pick signs starting
Inflation is still low and modest, but there are growing signs that it is starting to pick up.
economy economy-and-economics gains gone higher households improved lower
The economy is good, but it hasn't improved for everybody. The gains have predominantly gone to higher-income and higher net-worth households. Lower net-worth households are still struggling.
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.
concern economy hit oil since
I thought oil would have been a concern since it hit $40 but the economy has digested it well,
continue stick
I think they're going to stick to their script, that they're going to continue to tighten at each meeting.