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.
More Quotes from Mark Zandi:
So far, the surge in oil prices has yet to do any significant damage to the broader economy. We may see some softening in the consumer spending numbers soon, but unless that translates into a weaker job market, the economy should be able to weather these higher energy prices.Mark Zandi
If underlying inflation begins to percolate higher, that will mean we will have to struggle with rising prices and higher interest rates.
Mark Zandi
If my decision were based solely on economic considerations, I would tighten again. I think the economy won't be derailed by this. I think the economy is firm and they (Fed governors) can send a signal that things are as they were.
Mark Zandi
The job losses over the past three years have been across a wide range of industries and from coast to coast. And if you've lost your job, in all likelihood you will remain unemployed for longer than in any period since the Great Depression.
Mark Zandi
Consumer spending growth will moderate, but it won't impede the current pace of economic expansion.
Mark Zandi
It looks like the mid-Atlantic weathered the hurricane well. Activity rebounded smartly. It does reinforce the view that the underlying economy remains strong in the mid-Atlantic and more broadly across the country.
Mark Zandi
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Based on Topics: Competition QuotesBased on Keywords: employments
The care of a wise and good man for his only son is inferior to the regard of the great Parent of the universe for his creatures.
John Woolman
You can never solve a problem on the level on which it was created.
Albert Einstein
Death never takes the wise man by surprise, he is always ready to go.
Jean de La Fontaine