Insight & Thought Leadership on the Global Economy

One of our most insightful economists examines the extraordinary actions the Federal Reserve, the Treasury, and other authorities took to cope with the economic catastrophe that followed the financial crash of 2008. (Paying the Price) A readable, balanced account of what they did, why they did it, and how well it worked out—so far. — Alice M. Rivlin, the Brookings Institution, former Director of OMB and Vice Chair of the Fed

Monthly Archives: July 2013

Discussing ADP private sector employment up 200,000 in July with CNBC

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Testimony before the House Financial Services Committee

Mark Zandi addressed the House Committee on Financial Services on July 18th for a hearing entitled, “A Legislative Proposal to Protect American Taxpayers and Homeowners by Creating a Sustainable Housing System”. An archive webcast is available here. To view the full testimony … Continue reading

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A Pragmatic Plan for Housing Finance Reform

Mark Zandi joins coauthors  Ellen Seidman, a senior fellow at the Urban Institute and former director of Treasury’s Office of Thrift Supervision; Phillip Swagel, a senior fellow at the Milken Institute and a former assistant treasury secretary for economic policy; … Continue reading

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Headwinds Fade, Tailwinds Develop

Dr. Mark M. Zandi discusses the factors that have weighed on the economic recovery, including the housing crash, deleveraging, fiscal drag, and the loss of confidence and heightened uncertainty at the Federal Reserve Bank of San Francisco. Each of these … Continue reading

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U.S. Macro Outlook: Hanging Tough

U.S. employment has grown faster than expected given the restraint from federal fiscal policy. Real GDP growth has slowed nevertheless, likely ending the second quarter below 2% annualized. Improved consumers confidence shows in rebounding vehicle and house sales. Markets are … Continue reading

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Evaluating the Corker-Warner Bill

Housing finance reform received an important boost last month with the introduction in Congress of the Housing Finance Reform and Taxpayer Protection Act of 2013.1 The bipartisan legislation, written by Senators Bob Corker (R-TN) and Mark Warner (D-VA), represents a … Continue reading

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