All these statistics reflect the full force of the hurricanes on the broader economy and we will probably have another month of ugly statistics.
More Quotes from Mark Zandi:
It looks like the mid-Atlantic weathered the hurricane well. Activity rebounded smartly. It does reinforce the view that the underlying economy remains strong in the mid-Atlantic and more broadly across the country.Mark Zandi
We're back on track after the ill effects of the hurricanes. But it is also fair to conclude that global competition and corporate layoffs are weighing on job growth.
Mark Zandi
Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.
Mark Zandi
The economy is going to be hit hard by Katrina, and it is going to be hardest on consumers who are already stretched thin. With the surge in gasoline and home heating oil prices, consumers will have a difficult choice to make between filling their gas tank or spending on other things.
Mark Zandi
The rate of technical change, which is the most difficult thing to measure, seems to be slowing from the unprecedented pace of a few years ago.
Mark Zandi
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