Mark Zandi Quotes

"In the next few months, there's no upside. And this winter, we're going to feel it more noticeably as people pay record gas prices and record home-heating bills."
-Mark Zandi

"Consumers will see higher prices on coffee beverages and even chocolate if the raw supplies get backed up at the ports. In agricultural products, prices of cereals and breads could decline. If we can't export the wheat and grain, then the excess supply will have to be consumed domestically, pushing down prices."
-Mark Zandi

"Most likely the higher prices will slow growth, ... But there is the growing threat that we get a combination of slower growth and higher inflation."
-Mark Zandi

"The Port of New Orleans alone imports 250,000 tons of coffee every year."
-Mark Zandi

"People are able to pull money out of their homes and put it into their gas tanks. So the overall effects on consumer spending have been small."
-Mark Zandi

"Greenspan should weigh against asset markets in the good times -- just as he works to support them in the difficult times. He's been one-sided in his policies."
-Mark Zandi

"The economy is going to be hit hard by Katrina, and it is going to be hardest on consumers who are already stretched thin. With the surge in gasoline and home heating oil prices, consumers will have a difficult choice to make between filling their gas tank or spending on other things."
-Mark Zandi

"I think they're going to stick to their script, that they're going to continue to tighten at each meeting."
-Mark Zandi