121 Total Quotes

Mark Zandi Quotes

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

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

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

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

That's a healthy pickup. The pendulum, which had been fully in favor of employers, is swinging back in favor of employees. Employees are starting to gain traction.
Mark Zandi
#Employer

This is going to keep energy markets on a razor's edge for the rest of the year,
Mark Zandi
#Energy

Given the crosscurrents in the economic inflation data, it will be difficult for him to be clear-cut.
Mark Zandi
#Inflation

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

Confidence is a key part of what's happening in the economy and the market. You shouldn't underestimate the importance of symbolic moves like these.
Mark Zandi
#Confidence

The tech job market was flat on its back throughout most of the decade. It's now back on its feet. I expect it to break into a jog this year.
Mark Zandi
#Decade

If underlying inflation begins to percolate higher, that will mean we will have to struggle with rising prices and higher interest rates.
Mark Zandi
#Inflation

In the absence of a second layer of information, we all assume the job growth is from hiring. It is our default position.
Mark Zandi
#Absence

We have a sturdy job market.
Mark Zandi
#Job

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.
Mark Zandi
#Economy

The consequences are more serious. Right now there is zero margin for error. Nothing can go wrong.
Mark Zandi
#Consequences

[At a minimum, this will hit consumers' pocketbooks—and perhaps their confidence. Before Katrina, Goldstein estimated that consumers' annual fuel bills this year would average about $250 more for gasoline and $400 more for home heating oil and natural gas than in 2004. Now he reckons those amounts will go up 30 percent to 75 percent. Costlier energy could adversely affect consumer spending, corporate profits and inflation—or all three.] We could be reaching a tipping point on consumer psychology, especially when people get their home heating bills, ... Those will be big.
Mark Zandi
#Confidence

In the next few months, there's no upside. And this winter, we're going to feel it more noticeably as people pay record gas prices and record home-heating bills.
Mark Zandi
#People

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.
Mark Zandi
#Growth

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

People are able to pull money out of their homes and put it into their gas tanks. So the overall effects on consumer spending have been small.
Mark Zandi
#Money

The Port of New Orleans alone imports 250,000 tons of coffee every year.
Mark Zandi
#Coffee

Consumers will see higher prices on coffee beverages and even chocolate if the raw supplies get backed up at the ports. In agricultural products, prices of cereals and breads could decline. If we can't export the wheat and grain, then the excess supply will have to be consumed domestically, pushing down prices.
Mark Zandi
#Chocolate

Consumers are likely to pay more for lumber, coffee, chocolate, perhaps sugar _ anything that we import through the ports in the affected region will face higher prices.
Mark Zandi
#Chocolate

Greenspan should weigh against asset markets in the good times -- just as he works to support them in the difficult times. He's been one-sided in his policies,
Mark Zandi
#Support

You are going to spend more to drive your car and to heat your home.
Mark Zandi
#Home

If you add up all the energy that flows through the region, it accounts for about a third of the nation's supply.
Mark Zandi
#Energy

And you know at these kind of prices, there's lots of money to be made. So I'm sure they're gonna work triple overtime to get their facilities up and running again.
Mark Zandi
#Money

The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.
Mark Zandi
#Inflation

if the financial markets were reeling and the images from the Gulf were getting worse instead of better, if energy prices were rising instead of falling. But given the economic data and financial markets, there's no reason to make a symbolic move.
Mark Zandi
#Energy

Housing is a fault line in the economy that Greenspan is indeed worried about, but he doesn't think a housing (slowdown) will undermine the expansion.
Mark Zandi
#Economy