I only have two things in my life, my family and work. If there's any time left over, then I play sports.
Mark ZandiThe most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.
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 ZandiNo one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.
Mark Zandi