Mark Zandi is chief economist at Moody’s Analytics.
On the reasons for steeply rising interest rates he cites:
strong economyhigher tariffs, immigrant deportations, and deficit if Trump elected
***
Given the super-heated pre-election environment in the US Zandi has come under partisan attack.
I posted on him a few weeks back:
US economy among the best performing in 35+ years”
In which I pulled out the warning to expect smaller/slower Fed cuts. Somehting which has indeed played out.
While I understand the partisan attacks I’ll just say that if you are taking your advice on the economy from politically-motivated partisans vs. qualified economists you do so at your own risk.
And yes, I am also aware there is a questioning and deep distrust of experts. Its probably reasonable to be distrustful of no-nothing morons also, no?
This article was written by Eamonn Sheridan at www.forexlive.com.
