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.
More Quotes from Mark Zandi:
The rate of technical change, which is the most difficult thing to measure, seems to be slowing from the unprecedented pace of a few years ago.Mark Zandi
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.
Mark Zandi
It's at the top end of what's desirable for the Fed policy-makers and investors. Inflation is low, but it is rising.
Mark Zandi
Gasoline, home heating prices, they are very volatile. Some months they're up, some months they're down. They depend on the vagaries of the weather It's warm, it's cold. The big decline I think will result in a big increase next month.
Mark Zandi
Bush will paint Kerry as being a tax-and-spend liberal and Kerry will paint bush as only providing tax cuts for the rich.
Mark Zandi
At best, people should prepare for no pay increase and no bonus, something they have been getting a lot of. At worst, they should be thinking they may need to change occupations.
Mark Zandi
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