We need to get rid of the debt ceiling law. It's anachronistic and it's a problem. Mark Zandi anachronisticceildebt Change image and share on social
In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question. Mark Zandi answerautodetroit share on social
The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic. Mark Zandi administrationbadcredit share on social
There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments. Mark Zandi advantagebuoyfix share on social
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? Mark Zandi affordbuyerchoice share on social
Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back. Mark Zandi aaabackbad share on social
Our economy isn't going to recover until the housing market finds its footing. Mark Zandi economyfindfoot Change image and share on social
We're getting job creation in healthcare and educational services. We've been getting that all along. It's demographically driven, it's funded by the government, and that's held up. Mark Zandi creationdemographicallydrive Change image and share on social
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say. Mark Zandi bigchallengeeconomist Change image and share on social
Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife. Mark Zandi buycatchdecline Change image and share on social