A month ago the markets would have interpreted getting rid of measured as meaning that a 50 basis point hike was possible. Now the market won't know if it would mean no change, another quarter-point move, or a 50 point hike is next and that's precisely why the Fed should take it out,
More Quotes from Mark Zandi:
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.Mark Zandi
A lot of things have to come together to make my forecast of a slowing current account deficit come true.
Mark Zandi
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.
Mark Zandi
In the next few months, there's no upside. And this winter, we're going to feel it more noticeably as people pay record gas prices and record home-heating bills.
Mark Zandi
It's always a bit difficult to read the economic data in the winter, just because activity is thinner, and the vagaries of weather are more pronounced. So it's not unusual to see, although this is an extraordinary amount of volatility.
Mark Zandi
Labor will start demanding bigger pay increases and will get them.
Mark Zandi
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