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 history pressures strong suggest
The economy is strong and, if history is a guide, it should suggest inflationary pressures should develop, but they haven't.
fed future plain reference rid send signal statement strong vanilla
I think the Fed will get rid of the reference about what to do in the future. I think they will make the statement as plain vanilla as possible, and they won't try to send a strong signal one way or the other.
policy tricky
So far, it's weakening, not caving. But it's been a tricky policy to deflate housing, not crater it.
deals fair
It's fair to say there will still be deals right through the summer.
adjustment crops hotel maybe might occur period picked rooms time
It would take time for that to occur and during this period of adjustment -- some things might not get done -- maybe some crops won't be picked or some hotel rooms won't get cleaned.
businesses question whether
It's not a question of whether businesses can expand; it is a question of their willingness.
katrina question
Katrina is going to muck things up; it's just a question to what degree.
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.
fading fast further housing market move prospect rates
The housing market is fading fast and the prospect is it will weaken further as rates move higher.
answering auto fourth gave history industry involved knew teacher
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.
coast moving people
In Florida, people are moving up the coast
drove growth inventory largest last powerful replace source strong year
The largest source that drove the very strong growth over the last year was this powerful replacement cycle, which is fading, ... The need to replace inventory is over.
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.