Consumers are likely to pay more for lumber, coffee, chocolate, perhaps sugar anything that we import through the ports in the affected region will face higher prices.
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
If protectionist sentiment boils over, that could be a precipitating factor for the dollar. In a dollar crash scenario, it puts the Fed in a particularly difficult spot. Do they tighten policy (raise interest rates) to attract global capital or do they loosen it to help support the economy
Mark Zandi
The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 911 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy.
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
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.
Mark Zandi
If revenue growth does not start to pick up that would squeeze profit margins.
Mark Zandi
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Based on Topics: Coffee QuotesThe sense of smell, like a faithful counsellor, foretells its character.
Jean Anthelme Brillat-Savarin
Kids are wonderful, but I like mine barbecued.
Bob Hope
If human beings are to survive in a nuclear age, committing acts of violence may eventually have to become as embarrassing as urinating or defecating in public are today.
Myriam Miedzian