234 Quotes by Mark Zandi
- Author Mark Zandi
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Housing has peaked. And all indications are that sales will weaken further in the months ahead.
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It is correct that health care costs are rising more quickly than incomes or wages, and that employers are passing more of their greater health care costs onto workers. But the increase in health care spending is not greater than the increase in incomes or wages.
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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.
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Most of the loans are concentrated in the most juiced-up markets across the country.
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I don't really put too much weight on the big ups and downs in the energy prices. And food prices also fell. That probably is related to the warm winter weather, and we can't count on that continuing for very long, either.
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Most likely the higher prices will slow growth, ... But there is the growing threat that we get a combination of slower growth and higher inflation.
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Gasoline, home heating prices, they are very volatile. Some months they're up, some months they're down. They depend on the vagaries of the weather ? It's warm, it's cold. The big decline I think will result in a big increase next month.
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We don't get away scot-free, but the underlying economy remains tough and sturdy.
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If Greenspan had been stronger in his views, then the bubble would not have been as large and the subsequent correction not as severe.
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