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Mark Zandi Quotes
«Fundamentally, though, it stems from the fact that China will post a $250 billion surplus on its trade with the United States this year and there's simply no sign of that easing any time soon.»
«This issue is a global fault line that will get exposed if all the Asian nations don't allow their currencies to appreciate vis-a-vis the dollar.»
«Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.»
«Workers are asking for bigger pay increases and they are getting them. The pendulum has swung decidedly in favor of workers.»
«We are hemorrhaging red ink and we are likely to continue doing that long into the future.»
«A lot of things have to come together to make my forecast of a slowing current account deficit come true.»
«The housing market is fading fast and the prospect is it will weaken further as rates move higher.»
«The job market is as good as it's been since 2000. Unemployment is 4.7 percent, and it is falling. Job growth is sturdy, and it is increasingly broad-based and across regions and occupations. In fact, this will be the first year that wage growth will begin to accelerate. It should be a good year for American students.»
«In the absence of a second layer of information, we all assume the job growth is from hiring. It is our default position.»
«At best, people should prepare for no pay increase and no bonus, something they have been getting a lot of. At worst, they should be thinking they may need to change occupations.»