Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
Mark ZandiI only have two things in my life, my family and work. If there's any time left over, then I play sports.
Mark ZandiThe Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.
Mark ZandiIn a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.
Mark Zandi