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.
More Quotes from Mark Zandi:
It means that they're going to be under a lot of financial pressure in the years ahead. And that's going to put pressure on the entire economy and on the political process.Mark Zandi
Housing has peaked. And all indications are that sales will weaken further in the months ahead.
Mark Zandi
The Port of New Orleans alone imports 250,000 tons of coffee every year.
Mark Zandi
All these statistics reflect the full force of the hurricanes on the broader economy and we will probably have another month of ugly statistics.
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
It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
Mark Zandi
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