Quotes from the news wire:
You can not simply remove major wheat production, major food oil production, major fertilizer production, major oil production, major natural gas production, major production of [ semiconductor ] chips used in automobiles and think you're not going to get inflation, when it gets presented in the American news, you get this idea that if our stimulus checks had been lower, and if our wages had gone lower, that we wouldn't have this inflation. Nobody in the world accepts that as the viewpoint.
From a 30,000-foot level, if you're looking at it from down on high, I expect a recession -- if we have one -- would be six months, nine months, something like that, unemployment would rise from 3.6 % to 5.5 %, 6 %, something like that. Not good, but you know, in the grand scheme of things, kind of more typical, comparable to other recessions we've experienced in the past.
Found on Reuters 10 months ago
They’re going to keep their foot on the accelerator even beyond the time when we’re at full employment.
Found on Reuters 1 year ago
The rules of the game keep changing. For a business person, that is overwhelming, they're not going to feel like the coast is clear. That uncertainty will depress ability to go out and expand and grow. They're not going to go out and hire more people because they're not sure what lays ahead in the future. This is going to be a process. I don't think it's like a light switch going on.
I think large companies are going to be slower to lay off. They are going to try to get through this, but a lot of these small businesses don't have the cash to weather the storm. It's not obvious to me how we help them. It's tough for the government to try to get cash and credit to small businesses.
A lot of retailers are hanging on because the broader economic environment is strong, interest rates are low, credit is available, no sector is more dependent on credit. If a recession comes, credit will get cut off both to the consumers and the retailers. That is going to mean a rash of bankruptcies and a lot of lost jobs.
This highlights why it's so important to have a strong economy because it helps those that really have struggled for many decades.
Found on Reuters 3 years ago
Share your thoughts on Mark Zandi's quotes with the community:
Would you like us to send you a FREE inspiring quote delivered to your inbox daily?
Use the citation below to add this author page to your bibliography:
"Mark Zandi Quotes." Quotes.net. STANDS4 LLC, 2022. Web. 1 Oct. 2022. <https://www.quotes.net/authors/Mark+Zandi+Quotes>.