To stop globalization would be the exact wrong thing to do we have to embrace what's happening. It's in place and will remain in place. We need to help unemployed workers, make them better trained and skilled so they can get better jobs.
More Quotes from Mark Zandi:
The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.Mark Zandi
It depends on your time frame. For the next few months, it's decidedly a negative event. But in a year or so, the effects will likely have faded.
Mark Zandi
In November, there will be a lot of ugly economic data out on Katrina's initial impact and that might make it harder for them to move at that time,
Mark Zandi
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.
Mark Zandi
Housing, the strongest part of the economy, is still booming, and manufacturing, the weakest part, should gain strength in coming months. Put it all together and it paints a pretty economic picture of solid growth and low inflation.
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
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What I've got to do now is let them judge me for who I am as an actor and not for my notoriety.
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