Most of the loans are concentrated in the most juiced-up markets across the country.
More Quotes from Mark Zandi:
At a minimum, this will hit consumers' pocketbooksand perhaps their confidence. Before Katrina, Goldstein estimated that consumers' annual fuel bills this year would average about 250 more for gasoline and 400 more for home heating oil and natural gas than in 2004. Now he reckons those amounts will go up 30 percent to 75 percent. Costlier energy could adversely affect consumer spending, corporate profits and inflationor all three. We could be reaching a tipping point on consumer psychology, especially when people get their home heating bills, ... Those will be big.Mark Zandi
The baby boom echo generation is now in their mid-teens, at a time when demand for electronics is very high. And they're old enough now to put pressure on their parents to ante up. I know that from personal experience.
Mark Zandi
Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.
Mark Zandi
The rhetoric over China is intensifying for a number of reasons.
Mark Zandi
The impact is going to be very significant -- it may shave as much as a half-percentage point from economic growth this year.
Mark Zandi
As the memory of the tech bust fades, we seem to be getting better and better job growth.
Mark Zandi
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