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Letter "M" » 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.»
«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.»
«It depends on your time frame. For the next few months, it's decidedly a negative event. But in a year or so, the effects will likely have faded.»
«The impact on pricing is starting to fade.»
«You are going to spend more to drive your car and to heat your home.»
«If you add up all the energy that flows through the region, it accounts for about a third of the nation's supply.»
«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.»
«The economic data in the next couple of months will look pretty weak. There will be significant political pressure on the Fed not to tighten.»
«If underlying inflation begins to percolate higher, that will mean we will have to struggle with rising prices and higher interest rates.»
«If my decision were based solely on economic considerations, I would tighten again. I think the economy won't be derailed by this. I think the economy is firm and they (Fed governors) can send a signal that things are as they were.»