Mark Zandi

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?

The standardization of world culture, with local popular or traditional forms driven out or dumbed down to make way for American television, American music, food, clothes and films, has been seen by many as the very heart of globalization.

The thing I always liked best about touring abroad was constantly running into different people, different cultures, different foods. It really pumped up my batteries... I'm constantly playing to a demographically diverse audience... one generation is driven by nostalgia, the next by curiosity. And that's why I have no plans to retire.