234 Quotes by Mark Zandi
- Author Mark Zandi
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It is going to be a tough winter for many seniors. Not only will they face higher Medicare premiums, but record gasoline prices and higher home heating bills as well.
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If protectionist sentiment boils over, that could be a precipitating factor for the dollar. In a dollar crash scenario, it puts the Fed in a particularly difficult spot. Do they tighten policy (raise interest rates) to attract global capital or do they loosen it to help support the economy?
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Labor will start demanding bigger pay increases and will get them.
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If underlying inflation begins to percolate higher, that will mean we will have to struggle with rising prices and higher interest rates.
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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.
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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.
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If you add up all the energy that flows through the region, it accounts for about a third of the nation's supply.
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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.
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I think the most likely scenario is that housing euphoria slowly deflates but doesn't burst.
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