I think the message in this inverted yield curve is muddled. I think it is something to watch and to understand better. But I am not overly concerned.
More Quotes from Mark Zandi:
Christmas sales are shaping up to be OK.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.
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Here again, the business cycle will determine more than the commander in chief in the near term. There is very little the president can do to stimulate the job market quickly, ... but there is much the president can do to stimulate the job market long-run.
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The unleashing of business pent-up demand will ensure that the U.S. economy's recovery will continue, but the unwinding of consumer spent-up demand will ensure that it won't come roaring back,
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This suggests that the economy has largely shrugged off the ill effects of the hurricanes. Christmas will turn out better than expected.
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Economists say that as housing markets begin to cool, bankruptcies are likely to increase. At some point you will get a combination of falling values combined with rising payments on adjustable mortgages, which will result in more bankruptcy, ... For these areas of the country that are enjoying such wonderful conditions right now, it will become much less wonderful a few years down the road.
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Based on Keywords: muddledWell, he can't be dumb, I mean, because he's been president for four years and he's president again, so you're going to get caught out if you're really bad, aren't you? Unless millions and millions of Americans are dumb.
John Newcombe
Whoever degrades another degrades me, And whatever is done or said returns at last to me.
Walt Whitman
I'm not religious in any formal sense, not in any God sense.
Al Purdy