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.
More Quotes from Mark Zandi:
The job market is as good as it's been since 2000. Unemployment is 4.7 percent, and it is falling. Job growth is sturdy, and it is increasingly broad-based and across regions and occupations. In fact, this will be the first year that wage growth will begin to accelerate. It should be a good year for American students.Mark Zandi
Some 20 percent of the nation's refining capacity seems to be right in Rita's path. If that gets disrupted at all, then gasoline, jet fuel, natural gas and home heating oil will surge higher.
Mark Zandi
Fundamentally, though, it stems from the fact that China will post a 250 billion surplus on its trade with the United States this year and there's simply no sign of that easing any time soon.
Mark Zandi
The Port of New Orleans alone imports 250,000 tons of coffee every year.
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
I don't buy into those supply-side, trickle-down ideas. Those arguments might have made some sense 25 years ago, when the top tax rate was 70 percent, but not today, when the top rate is half of that.
Mark Zandi
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Based on Topics: Confidence QuotesBe a terror to the butchers, that they may be fair in their weight; and keep hucksters and fraudulent dealers in awe, for the same reason.
Miguel de Cervantes
I think it's because most of us talk one way and live another. There are a few people who truly, truly walk the talk.
Olympia Dukakis