Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
Mark ZandiDefaulting 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 ZandiThe upshot of Mr. Trump's economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished.
Mark ZandiThe extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.
Mark Zandi