Mark Zandi Doesn’t Understand Housing Very Well

By: Monday October 1, 2012 8:32 am

Court jester economist for power Mark Zandi tried to pull a fast one by readers of the Washington Post, by actually making the argument, in the face of all evidence to the contrary, that the Obama Administration successfully fixed the foreclosure crisis. He has to make a mental leap in order to do this, claiming [...]

Merkley’s Rebuilding American Homeownership Plan Gets Economist Support

By: Monday August 13, 2012 10:58 am

Jeff Merkley’s HOLC-type plan for mass refinancing of underwater borrowers is not a panacea for this foreclosure crisis, but it certainly would help us prevent the next one, and without the legal implications that could trip up an eminent domain scheme. Ending the persistent problem of underwater borrowers would not only stabilize the housing market [...]

Optimistic Economic Analyses Threaten a Generation of Jobless

By: Thursday April 5, 2012 12:23 pm

Mark Zandi now predicts that the job market will come back at a much stronger clip than he previously expected, with the jobless rate under 8% by the end of 2012 and under 7% by the end of 2013. Zandi is the guy who predicted a bottom in housing prices in 2008, 2009, 2010 and [...]

Yes, The White House Wants a Foreclosure Fraud Whitewash. They’re Not Going to Get It.

By: Wednesday October 12, 2011 10:18 am

I’m mostly tired of reporting about the foreclosure fraud settlement that’s never going to happen, and you can tell that it’s not a serious effort by virtue of the fact that everyone has moved on except for Charlie Gasparino at Fox Business. And he’s just swallowing banker spin. It’s mildly interesting, though not surprising, that [...]

Layoffs Increasing Across the Country

By: Thursday July 21, 2011 9:35 am

The Labor Department reports that first-time unemployment claims rose last week to 418,000, the 15th straight week that unemployment topped 400,000. This is seen as the dividing line for job growth, and for over three months, we’ve been on the wrong side of it. I’m sure that the usual invocation of “headwinds” can be designated [...]

Dems Try to Spin Budget Cuts: Economic Reality Impervious to That Spin

By: Tuesday April 12, 2011 1:13 pm

I have to chuckle at the lipstick that the Senate Appropriations Committee put on their pig of a budget deal for 2011. In particular, the release touts spending levels above HR 1, the Republican budget, that are actually cuts from the 2010 levels. And what people aren’t talking about is that this budget establishes a [...]

Democrats Apparently Going Along With Order to Create Fiscal Policy That Will Drain 700,000 Jobs

By: Monday February 28, 2011 12:59 pm

Democrats far and wide are touting the latest report from Mark Zandi at Moody’s, showing that the House GOP continuing resolution would cost the economy 700,000 jobs. The analysis is actually more favorable to the GOP than the Goldman Sachs analysis from last week, but the overall point is the same: suck $61 billion out [...]

White House Digs In on Allowing High-End Tax Cuts to Expire

By: Tuesday August 17, 2010 12:14 pm

Mark Zandi made the case in the New York Times today for an extension of all of the Bush tax cuts and a slow phase-out of the ones for the wealthiest Americans, on the premise that high-income earners are driving consumer spending right now, and the loss of that would damage the economy: In most [...]

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