Consumers will see higher prices on coffee beverages and even chocolate if the raw supplies get backed up at the ports. In agricultural products, prices of cereals and breads could decline. If we can't export the wheat and grain, then the excess supply will have to be consumed domestically, pushing down prices.
More Quotes from Mark Zandi:
The work force is growing not because employers are hiring a lot of new workers to staff expanding operations. The economy, in other words, is not being driven by businesses out there scouring for opportunity and revenue growth and pushing up wages as they compete to hire more workers.Mark Zandi
It's less likely that the Fed will pause in its tightening. A neutral rate is certainly at least 4 percent and probably a little higher. That's where we're headed.
Mark Zandi
To stop globalization would be the exact wrong thing to do we have to embrace what's happening. It's in place and will remain in place. We need to help unemployed workers, make them better trained and skilled so they can get better jobs.
Mark Zandi
It will cost you some money in fees. But in 2007, when the market is at its worst and your mortgage is resetting and you're looking for a lender to refinance you out, you just may not find one.
Mark Zandi
It undermines growth at the same time that it fans inflation.
Mark Zandi
The job losses over the past three years have been across a wide range of industries and from coast to coast. And if you've lost your job, in all likelihood you will remain unemployed for longer than in any period since the Great Depression.
Mark Zandi
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