We’re getting job creation in healthcare and educational services. We’ve been getting that all along. It’s demographically driven, it’s funded by the government, and that’s held up. Mark Zandi Read Quote
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. Mark Zandi Read Quote
The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession. Mark Zandi Read Quote
Our biggest challenge is to eliminate the popular perception that economists don’t have anything useful to say. Mark Zandi Read Quote
They called me the sexiest economist in America, and that was years ago, when I had hair and body mass and my teeth were shiny. Mark Zandi Read Quote
Defaulting on the nation’s debt would be cataclysmic. The U.S. Treasury’s Aaa rating is the one constant in the world’s financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back. Mark Zandi Read Quote
Yes. I don’t think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011. Mark Zandi Read Quote
Housing was ground zero for the Great Recession. Between early 2006 and Obama’s inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half. Mark Zandi Read Quote
The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic. Mark Zandi Read Quote
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. Mark Zandi Read Quote
