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Mark Zandi Quotes
«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.»
«He said housing has turned increasingly speculative, and a correction in the market is coming, ... But he also said that the correction won't affect the great bulk of homeowners.»
«Implicitly, ... 'I can keep raising rates, and most homeowners won't suffer.'»
«It undermines growth at the same time that it fans inflation.»
«The consequences are more serious. Right now there is zero margin for error. Nothing can go wrong.»
«I think this is a harbinger of more problems to come, ... I think we should look for fresh new records [in delinquencies] in the fourth quarter and first quarter of next year as [credit card] payments rise higher and as energy prices really begin to bite.»
«Consumers are reeling from the high energy bills and that has to be watched very carefully. Another month of falling consumer confidence would be disturbing.»
«If the job market doesn't kick into higher gear soon, consumers will lose confidence and rein in their spending, and the economy will in all likelihood fall back into recession unless we're very lucky.»
«Recession risks are rapidly rising.»
«This indicates that the job market is holding together pretty well,»