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.
More Quotes from Mark Zandi:
Broadly speaking, the economy is in a pretty good place. But it's no longer obvious what the next step should be. Now it gets a lot more complicated.Mark Zandi
It is correct that health care costs are rising more quickly than incomes or wages, and that employers are passing more of their greater health care costs onto workers. But the increase in health care spending is not greater than the increase in incomes or wages.
Mark Zandi
Once skittish businesses are turning into confident businesses that are willing and able to hire. I think the job market will improve further in the course of the coming year.
Mark Zandi
Confidence is a key part of what's happening in the economy and the market. You shouldn't underestimate the importance of symbolic moves like these.
Mark Zandi
A month ago the markets would have interpreted getting rid of measured as meaning that a 50 basis point hike was possible. Now the market won't know if it would mean no change, another quarter-point move, or a 50 point hike is next and that's precisely why the Fed should take it out,
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
Readers Who Like This Quotation Also Like:
Based on Keywords: delinquencies, harbingerJury selection is strictly an emotional process. They're looking for people they can manipulate. Both sides are.
Joseph Wambaugh
There's no twilight in the tropics. Night falls like a curtain.
Waldemar Young
Culture makes all men gentle.
Menander