President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring. — Mark Zandi Copy Share Image
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half. — Mark Zandi Copy Share Image
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say. — Mark Zandi Copy Share
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… — Mark Zandi Copy Share
It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the… — Mark Zandi Copy Share
No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your… — Mark Zandi Copy Share
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… — Mark Zandi Copy Share
There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly. — Mark Zandi Copy Share
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 Copy Share
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax… — Mark Zandi Copy Share
At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the… — Mark Zandi Copy Share
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… — Mark Zandi Copy Share
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… — Mark Zandi Copy Share
An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy. — Mark Zandi Copy Share
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… — Mark Zandi Copy Share
Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall. — Mark Zandi Copy Share
