The economy is going to be hit hard by Katrina, and it is going to be hardest on consumers who are already stretched thin. With the surge in gasoline and home heating oil prices, consumers will have a difficult choice to make between filling their gas tank or spending on other things. - Mark Zandi Quotes
The economy is going to be hit hard by Katrina, and it is going to be hardest on consumers who are already stretched thin. With the surge in gasoline and home heating oil prices, consumers will have a difficult choice to make between filling their gas tank or spending on other things. Mark Zandi
 Economy

More - Mark Zandi Quotes

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. - Mark Zandi Quotes

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.

Mark Zandi

 
Katrina is going to muck things up; it's just a question to what degree. - Mark Zandi Quotes

Katrina is going to muck things up; it's just a question to what degree.

Mark Zandi

 
There is not enough uncertainty about Fed rate hikes?. That causes people to take on too much risk. - Mark Zandi Quotes

There is not enough uncertainty about Fed rate hikes?. That causes people to take on too much risk.

Mark Zandi

 Causes
The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 9/11 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy. - Mark Zandi Quotes

The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 9/11 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy.

Mark Zandi

 
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. - Mark Zandi Quotes

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.

Mark Zandi

 Finance
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. - Mark Zandi Quotes

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.

Mark Zandi

 
If the Fed were going to pause in response to Katrina, it probably would be in November and December, - Mark Zandi Quotes

If the Fed were going to pause in response to Katrina, it probably would be in November and December,

Mark Zandi

 
I think the message in this inverted yield curve is muddled. I think it is something to watch and to understand better. But I am not overly concerned. - Mark Zandi Quotes

I think the message in this inverted yield curve is muddled. I think it is something to watch and to understand better. But I am not overly concerned.

Mark Zandi

 
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. - Mark Zandi Quotes

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.

Mark Zandi

 
Of the 2.7 million jobs lost since employment's peak, roughly a third have been lost to overseas competition, and most if not all of those jobs are not coming back, ... And that trend is going to continue. - Mark Zandi Quotes

Of the 2.7 million jobs lost since employment's peak, roughly a third have been lost to overseas competition, and most if not all of those jobs are not coming back, ... And that trend is going to continue.

Mark Zandi

 Competition
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