234 Quotes by Mark Zandi

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

The tightening of the job market, while very good for workers and much deserved, argues that workers should also expect to face higher interest rates and somewhat higher inflation.

The impact is going to be very significant -- it may shave as much as a half-percentage point from economic growth this year.

It's time to pull the bandage off America's foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed.

All these statistics reflect the full force of the hurricanes on the broader economy and we will probably have another month of ugly statistics.

Profits as a share of output are close to 10 percent. That's as high as they've ever been.

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.

It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the wrongs that got us into this economic mess than most of us believe.