American - Economist | -
The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.
Mark Zandi
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Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.
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A home is still the biggest asset that most Americans own.
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Our economy isn't going to recover until the housing market finds its footing.
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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.
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The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.
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I only have two things in my life, my family and work. If there's any time left over, then I play sports.
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Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
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I've done work for both Democrats and Republicans.
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President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring.
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I'm a registered Democrat.
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My policy is I will help any policymaker who asks, whether they be a Republican or a Democrat.
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