47+ Mark Zandi Quotes On Interest Rates, Inflation And Bonds

Mark Zandi is an American economist who is the chief economist of Moody's Analytics. He is a co-founder of Economy.com and is a prominent commentator on the U.S. economy and its financial markets. Zandi is a frequent guest on CNBC, MSNBC, and other news programs, and is often quoted in the financial press. Following is our collection on famous quotes by Mark Zandi on interest rates, inflation, bonds.

Top 10 Mark Zandi Quotes

1. Our economy isn't going to recover until the housing market finds its footing.
2. We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.
3. Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.
4. I'm a registered Democrat.
5. Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.
6. The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.
7. An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.
8. Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
9. The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.
10. There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.

Mark Zandi Short Quotes

• A home is still the biggest asset that most Americans own.
• There is a banking adage that if it's growing like a weed, it's a good chance that it's a weed.
• My policy is I will help any policymaker who asks, whether they be a Republican or a Democrat.
• I've done work for both Democrats and Republicans.

Mark Zandi Quotes About Economy

The upshot of Mr. Trump's economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished. — Mark Zandi

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession. — Mark Zandi

At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today. — Mark Zandi

It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears. — Mark Zandi

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. — Mark Zandi

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. — Mark Zandi

The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets. — Mark Zandi

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

Mark Zandi Quotes About Rates

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments. — Mark Zandi

No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come. — Mark Zandi

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

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

Mark Zandi Famous Quotes And Sayings

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

The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses. — Mark Zandi

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it? — Mark Zandi

In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break. — Mark Zandi

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

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity. — Mark Zandi

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score? — Mark Zandi

The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages. — Mark Zandi

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013. — Mark Zandi

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

The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow. — Mark Zandi

Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011. — Mark Zandi

I only have two things in my life, my family and work. If there's any time left over, then I play sports. — Mark Zandi

Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S. — Mark Zandi

The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake. — Mark Zandi

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world. — Mark Zandi

The discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future. — Mark Zandi

There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them. — Mark Zandi

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife. — Mark Zandi

Predicting recessions is indeed a dark art, but I think we are several years away from the next one. — Mark Zandi

Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general. — Mark Zandi

Life Lessons by Mark Zandi

1. Mark Zandi's work emphasizes the importance of fiscal and monetary policy in promoting economic growth and stability.
2. He has also highlighted the need for policymakers to focus on both short-term and long-term economic goals in order to ensure a healthy economy.
3. His research has also highlighted the importance of taking into account the impact of economic policies on different social groups in order to ensure equitable outcomes.