It is going to be a tough winter for many seniors. Not only will they face higher Medicare premiums, but record gasoline prices and higher home heating bills as well.
More Quotes from Mark Zandi:
The economic data in the next couple of months will look pretty weak. There will be significant political pressure on the Fed not to tighten.Mark Zandi
It would undermine the housing market, and could quickly result in credit problems that would affect the entire (American) financial system.
Mark Zandi
If we get a string of bad data on inflation, the Fed will probably have to tighten for a bit longer.
Mark Zandi
That's right where the Fed would like to see it, ... It would take a good year of that level of monthly growth before the job market tightens to the degree where inflation concerns would become more paramount.
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.
Mark Zandi
Housing, the strongest part of the economy, is still booming, and manufacturing, the weakest part, should gain strength in coming months. Put it all together and it paints a pretty economic picture of solid growth and low inflation.
Mark Zandi
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