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Letter "M" » Mark Zandi Quotes
«Labor will start demanding bigger pay increases and will get them.»
«This is a similar point in the business cycle to when Greenspan took over the reins of the Fed. And of course he was tested right away with the 1987 stock market crash.»
«This suggests that the economy has largely shrugged off the ill effects of the hurricanes. Christmas will turn out better than expected.»
«In Florida, people are moving up the coast»
«People are responding to the escalating prices: They're moving.»
«It's almost certain that the Fed will be more upbeat about the economy.»
«Most of the loans are concentrated in the most juiced-up markets across the country.»
«On the national level, I think you'll see weakness in jobs figures for September, October and maybe even November.»
«This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s. We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.»
«At some point you will get a combination of falling values combined with rising payments on adjustable mortgages, which will result in more bankruptcy. For these areas of the country that are enjoying such wonderful conditions right now, it will become much less wonderful a few years down the road.»