Mark Zandi Quotes (106 Quotes)

Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.

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.

I think they will tighten, but there is a much higher level of uncertainty regarding this decision than at any one since they started over a year ago.

The consequences are more serious. Right now there is zero margin for error. Nothing can go wrong.

Part of the problem that all of tech is having with respect to jobs is they significantly over-hired during the boom times and to some degree the past few years has been payback for overaggressive hiring, ... But I think that process is largely over and we should see slightly better job growth in tech by this time next year.

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.