The rate of technical change, which is the most difficult thing to measure, seems to be slowing from the unprecedented pace of a few years ago.
More Quotes from Mark Zandi:
Greenspan should weigh against asset markets in the good times -- just as he works to support them in the difficult times. He's been one-sided in his policies,Mark Zandi
Fundamentally, though, it stems from the fact that China will post a 250 billion surplus on its trade with the United States this year and there's simply no sign of that easing any time soon.
Mark Zandi
At best, people should prepare for no pay increase and no bonus, something they have been getting a lot of. At worst, they should be thinking they may need to change occupations.
Mark Zandi
Most of the loans are concentrated in the most juiced-up markets across the country.
Mark Zandi
In the absence of a second layer of information, we all assume the job growth is from hiring. It is our default position.
Mark Zandi
I don't really put too much weight on the big ups and downs in the energy prices. And food prices also fell. That probably is related to the warm winter weather, and we can't count on that continuing for very long, either.
Mark Zandi
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