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.
More Quotes from Mark Zandi:
The economy is strong, and if history is a guide it should suggest inflationary pressures should develop, but they haven't. Given the crosscurrents in the economic inflation data, it will difficult for him to be clear-cut.Mark Zandi
The baby boom echo generation is now in their mid-teens, at a time when demand for electronics is very high. And they're old enough now to put pressure on their parents to ante up. I know that from personal experience.
Mark Zandi
The unleashing of business pent-up demand will ensure that the U.S. economy's recovery will continue, but the unwinding of consumer spent-up demand will ensure that it won't come roaring back,
Mark Zandi
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
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
It means that they're going to be under a lot of financial pressure in the years ahead. And that's going to put pressure on the entire economy and on the political process.
Mark Zandi
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