The largest source that drove the very strong growth over the last year was this powerful replacement cycle, which is fading, ... The need to replace inventory is over.
More Quotes from Mark Zandi:
If protectionist sentiment boils over, that could be a precipitating factor for the dollar. In a dollar crash scenario, it puts the Fed in a particularly difficult spot. Do they tighten policy (raise interest rates) to attract global capital or do they loosen it to help support the economyMark Zandi
We are a very low-cost area in a very high-cost region. Housing values have risen here, but not nearly as much as in other parts of the country.
Mark Zandi
Labor will start demanding bigger pay increases and will get them.
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
A lot of things have to come together to make my forecast of a slowing current account deficit come true.
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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