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
growth job market tech until year
This should be a year where the tech market stabilizes but I don't see job growth until 2004.
attach fed finance high housing markets next problem reasonably test
I would attach a reasonably high probability that there will be a problem in the housing or finance markets that will test the next Fed chairman.
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.
against asset difficult good greenspan markets support weigh works
Greenspan should weigh against asset markets in the good times -- just as he works to support them in the difficult times. He's been one-sided in his policies,
data economic energy financial given gulf images instead markets prices reason rising symbolic worse
if the financial markets were reeling and the images from the Gulf were getting worse instead of better, if energy prices were rising instead of falling. But given the economic data and financial markets, there's no reason to make a symbolic move.
coast confident due energy expansion gulf higher impact indication job market outside remain
There is no indication that the job market outside of the impacted Gulf Coast has skipped a beat. The hurricanes are having an impact due to the higher energy prices, but I think we can be confident the expansion will remain on track.
bad broader bubble calamity creating credit financial great hard housing loans market millions mortgage paved problem recession
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
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.
holding job market together
This indicates that the job market is holding together pretty well,
business course cycle greenspan market point reins similar stock tested took
This is a similar point in the business cycle to when Greenspan took over the reins of the Fed. And of course he was tested right away with the 1987 stock market crash.
edge energy markets rest
This is going to keep energy markets on a razor's edge for the rest of the year,
bond market rates
Reintroducing a little uncertainty in the bond market would be desirable. Long-term rates are too low,
confidence consumers economy fall gear higher job kick likelihood lose market recession rein unless
If the job market doesn't kick into higher gear soon, consumers will lose confidence and rein in their spending, and the economy will in all likelihood fall back into recession unless we're very lucky.
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.