Mark Zandi Broader Quotations

Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.

All these statistics reflect the full force of the hurricanes on the broader economy and we will probably have another month of ugly statistics.

So far, the surge in oil prices has yet to do any significant damage to the broader economy. We may see some softening in the consumer spending numbers soon, but unless that translates into a weaker job market, the economy should be able to weather these higher energy prices.

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.