It undermines growth at the same time that it fans inflation.
More Quotes from Mark Zandi:
The Port of New Orleans alone imports 250,000 tons of coffee every year.Mark Zandi
The data is going to look ugly in the next couple of months.
Mark Zandi
Housing has peaked. And all indications are that sales will weaken further in the months ahead.
Mark Zandi
Of the 2.7 million jobs lost since employment's peak, roughly a third have been lost to overseas competition, and most if not all of those jobs are not coming back, ... And that trend is going to continue.
Mark Zandi
The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 911 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy.
Mark Zandi
So far, it's weakening, not caving. But it's been a tricky policy to deflate housing, not crater it.
Mark Zandi
Readers Who Like This Quotation Also Like:
Spectators often express disfavor of fair decisions.Helen Wills Moody
Scientific research is one of the most exciting and rewarding of occupations.
Frederick Sanger
If there is a supreme being, he's crazy.
Marlene Dietrich