mark zandi

How Far Over the Fiscal Cliff Could Washington Go?

The dealmakers who warn that a year-end plunge off the "fiscal cliff" would be disastrous don't seem to be rushing to stop it. Why aren't they panicking? Because those master procrastinators know that Washington deadlines are rarely firm, and they know precisely how they can finagle more time.

Home Prices Fall to Pre-Bubble Levels

The drop in home values caused by the mortgage crisis has resulted in one positive outcome: Prices have fallen so far that home affordability is back to pre-housing boom levels, reports Moody's Analytics. But a quarter of households with a mortgage are underwater on their loan.

How Many Jobs Will Obama-GOP Tax Cut Deal Create?

The tax cut compromise between Obama and the GOP is now being touted as a back-door stimulus plan, one that some economists predict will create or save 3.1 million jobs. Unfortunately, the model on which those forecasts are based makes some flawed assumptions.

Stimulus Helped the Economy, but It Won't Matter in November

Economists say the Obama administration's stimulus program actually saved the country's economy from plunging into the Great Depression 2.0. Yet that news will likely fail to sway voters who believe the current administration didn't do enough to support the economy.

Investor Surveys About Obama Can't All Be Right

Two polls released last week and one issued Monday set out to probe how investors view President Barack Obama's economic policies. But they provide contradictory readings. Which shows just how hard it is to get to the heart of such matters.