The economy is good, but it hasn't improved for everybody. The gains have predominantly gone to higher-income and higher net-worth households. Lower net-worth households are still struggling.
More Quotes from Mark Zandi:
The economy is strong, and if history is a guide it should suggest inflationary pressures should develop, but they haven't. Given the crosscurrents in the economic inflation data, it will difficult for him to be clear-cut.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
In the next few months, there's no upside. And this winter, we're going to feel it more noticeably as people pay record gas prices and record home-heating bills.
Mark Zandi
The market will be focused on anything that gives more context regarding the inflation outlook, how concerned policy-makers are about inflation.
Mark Zandi
This should be a year where the tech market stabilizes but I don't see job growth until 2004.
Mark Zandi
People are able to pull money out of their homes and put it into their gas tanks. So the overall effects on consumer spending have been small.
Mark Zandi
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