Mark Zandi Underlying Quotations

We don't get away scot-free, but the underlying economy remains tough and sturdy.

It looks like the mid-Atlantic weathered the hurricane well. Activity rebounded smartly. It does reinforce the view that the underlying economy remains strong in the mid-Atlantic and more broadly across the country.

If underlying inflation begins to percolate higher, that will mean we will have to struggle with rising prices and higher interest rates.

In the near term, it's a plus ... a steady source of jobs and income. In the longer term, it's an increasing amount of economic resources going to a part of the economy that may not enhance underlying productivity.