What’s Next For The U.S. Economy: Mark Zandi

[@seannotaro473]

I really enjoy Mark. Straight forward talker and and speaks the facts.

[@joeschmo1163]

Facts??? He's speculating about the future.

[@TheRohnjackson]

_Is that how he's in _*_bed_*_ too?_

[@guillermogutierrez-santana4446]

@St0rm Ranger Wrong. The most effective propaganda is the loudest and most blatant, just ask Trump how he became president, or how Moscow Mitch obstructed the impeachment trials.

[@WarriorsPhoto]

Amen to that.

[@oliverm1255]

A rare sighting.

[@workerbee2352]

Both my parents immigrated to America a long time ago and let me tell you, what this guy says about immigrants, is right. Both my parents took risks coming here and took risks to have a better standard of living. When you have nothing, you have to risk what you have to get what you want otherwise life doesn't seem worth living. That kind of mind-frame comes instinctive in an immigrant.

[@bengabrielson9381]

I'm basically the only white person on my Electrical Engineering floor at my university, all others are mostly asians from either east asian countries or indian subcontinent. I guess white people in America are just not really nearly as interested in these type of tech careers as asians. It's pretty sad, and it paints a dark picture for the future of the US.

[@jagsfanrick]

@@bengabrielson9381 all hope is on you.

[@TankDerek]

@@bengabrielson9381 If your East and South Asian classmates are American citizens who believe in the value of a free, democratic society, then I think that paints a pretty optimistic portrait of the United States. We are a nation built on ideals, not on an ethnic background.

[@iironhide6209]

@@TankDerek He is prob. Talking about how the us is relying on immigration to stay globally competitive which means the nation is vulnerable to decreases in immi.

[@coreyham3753]

@@bengabrielson9381 Sorry to say it, but with 35% of the country being Trump supporters, they would not have the intellectual ability to study something like electrical engineering. And sadly most of them are while, so it may not be lack of interest, but lack of intellectual ability.

[@SaberKhan13]

The word unprecedented has been used in an unprecedented amount of times that it's meaning has died at unprecedented speed.

[@chisspa777]

Hahaha goddammit Cy

[@telescopicS627]

True, but I won't say things can't get more unprecedented.

[@noelblackwell1908]

OMG so yes to this! If I hear that word one mo time

[@inconvenientexistenlism]

Don't also forget..."IT'S GOING TO GET WORSE, BEFORE IT GETS BETTER."

[@towada1066]

but look at the bright side,... the virus doesn't care about how we describe it,...

[@swamykatragadda8661]

mMr Zandi, is the best realist, i have heard. excellent.

[@detectivetacox9293]

This guy isn't an investor or an "expert", he is a legit economist with a Ph.D. Take his words seriously

[@RogerGoodeII]

Although I agree with him, just because he has a PHD in Economics by no means gives him the power to see the future.

[@wessmithp5560]

AOC has an economics degree too lol just fkn w you, I’m with you on the OP

[@M3ta1]

The U.S. is in the midst of an unprecedented use of the word unprecedented.

[@inconvenientexistenlism]

Because it's unpresidential not to be unprecendented.

[@tjlightningbolt]

Ha ha ha they are beating around the bush! They know whats coming. The fall of all time!

[@LemonLimes99]

The stock market is just a graph of rich peoples feelings.

[@RogerGoodeII]

You know anyone can and should invest... even if a V shaped recovery isn't likely buying over the last couple of months is an awesome long term investment. I put as much money into the market as I could after the first drop because I knew I was locking in large gains over the next couple of years or several years even if the economy has A W or L shaped recovery. People like me that saw an opportunity to invest but normally wouldn't are the reason the market is up, and possibly even forming a bubble. But I am holding for several years so who cares what happens in between? I am not rich, even arguably poor.

[@richardmatthews7489]

@@RogerGoodeII what you buy?

[@WarriorsPhoto]

LOL, I don't know. I've meet several non rich and they paid attention to it as well. Especially if they were retired.

[@Defy_Convention]

They do own most of the market but I hope you know state and federal workers politicians, police, fire, teachers, unions, all have pensions in the market so the govt has a vested interest in making sure it's always going up.

[@jacobpuvan3131]

@@RogerGoodeII actually 90% of investors are millionaires

[@auro1986]

the economy is moody

[@bruintoo]

Because the market is propped up by the Feds sacrificing the everyday man.

[@cemsengul16]

I was thinking the same thought man haha.

[@paulgraham5370]

The everyday man sacrificed himself when he took the easy road. I'll give you the fact that some got luckier then others, But don't cry to us about the work and talent we used to provide our own means. And I'm NOT speaking for the con-man (DT) who was given his means by an industrious father !

[@ropro9817]

I wish reporters would stop using the word 'unprecedented'...

[@sourabhs14]

That would be unprecedented

[@fturla___156]

What no one is telling you is that only one third of all people qualified for unemployment insurance ever gets a check when they get unemployed.

[@ZAGGNUT1]

Not if i keep spamming their phone lines /s

[@80sruler]

I think Mark’s comments are pretty spot on

[@azzelino1800]

This crisis gives rise to a feeling of helplessness and doubt it threatens people's confidence in the current model So beyond the figures This crisis will especially impact the vision that citizens have on their lives and their motivations. We can't forget that this crisis comes barely 10 years after the last major one. That many people are strongly impacted while the wealthiest remain protected. People understand that the crisis is not impacting everyone, that some are protected. The game is not so fair, by the way people lose faith. To me that's the real issue

[@AzizKhambati]

7:59 Every time unemployment is mentioned CNBC uses this B Roll.

[@AlexCab_49]

Time to grow our own food and open street food stands.

[@Zamber999]

Tldr, he has spy puts, he wants you to buy spy puts too.

[@TAPS147]

Little does he know, money printer to bbbbrrrrr

[@junooni0073]

Prob the most informative interview

[@TommyDangs]

Be patient investors, the market will correct itself soon enough

[@damlahanm608]

any sarcasm intended :)?

[@owRekssjfjxjxuurrpqpqss]

Mid-decade I wouldn't say is soon

[@sid294]

Real question is how much, will it retest the march lows

[@wessmithp5560]

siddharth walia sooner our later the economy and the market will likely align...so one of them is gonna need some serious adjustment;)

[@ramsdellcp]

did he just say mid-decade? ffs

[@jaykraft9523]

"I don't think the script on this bear market has been written yet" money quote

[@paulgraham5370]

Yup, it has a long way to go!

[@IReapZz95]

all countries are having a second wave and the US is opening to quickly in a lot of states, how can you expect the US not having a second wave?

[@LegalAutomation]

Javier pereira rodriguez There will be a second wave.... and if enough people do not build herd immunity in the second wave there will be a third and a fourth and a fifth wave. Lockdowns are not the answer.

[@rsober9819]

The virus has a low mortality rate

[@ennz2798]

W shaped recovery

[@Ramxie35]

RḗNz same

[@samfabianpdx]

More like WW

[@scottyhaines4226]

Itll be up and down until the virus is at least controlled

[@kylegross1081]

How about a swoosh

[@jung.k]

UWVYLNYV\_________/

[@henrylopez3479]

How sensible and straight forward speaker. Would like to see him more.

[@Jack-rg6xf]

With all of his money, I can't understand why he does not have braces

[@livenotonevil8279]

The day will come when the word 'unprecedented' becomes extinct. It will truly be an unprecedented event

[@awesome_arnab]

Would you make a same video for India market? Please do make one. People need to understand the severity of the situation.

[@underdogtv2855]

In California everywhere i go they are hiring!

[@VJBILL1]

A lot of ppl don't want to work and just feed off of welfare

[@AccidentalHiker1]

Sure not at the career level. Companies are looking for cheap labor right now.

[@Defy_Convention]

@@AccidentalHiker1 cali is full of that

[@cemsengul16]

@@AccidentalHiker1 Yeah, those are basic service jobs hiring now. Serious careers are gone.

[@briandoran8260]

And his words were ignored and market tagged on 550 points in afternoon That’s nearly 5/6% in a week

[@yoyo762]

Because his gloom is dead wrong.

[@henryl6420]

Once upon a time, the US was respected across the globe because it gave hopes to peoples and countries across the globe. Now it gives disruptions, despair, and destruction........

[@christopherstimpson6540]

Closing businesses was a huge mistake. When we found most hospitals were empty, it was time to get back to work. We should've been back to work after a few weeks of this nonsense.

[@Wooster77]

It’s gonna be a long, shallow u shaped recovery with a few w’s along the way.

[@Ari-lu5ve]

Meanwhile, the stock market goes up everyday. It's a joke.

[@RArad-fp1lp]

Why do we not have actual professionals like him who actually know the best way to fix things in congress??

[@rzf7018]

The world is in debt to the aliens and they will soon come back to collect 😂

[@seazestyt]

Finally someone with a broader sense who covered things realistic.

[@chandruae]

Elizabeth is back! ❤️❤️

[@chrischoir3594]

So much for this analysis

[@ProfessionalTycoons]

thanks for this interview

[@TheWealthGenerator]

Everyone is so caught up in a V shaped recovery. The problem is what comes after that...

[@westernalliance796]

Probably a dem president who'll have to clean up the mess Republicunts have left behind, as is tradition.

[@allstarmark12345]

Perma bear friend, It’s more fun to be a wealthy perma bull

[@Agent77X]

Yeah, nobody wants a prosperity economy just yet!

[@imrickjames7012]

Infinite bobs and vagenes!

[@michaelfernandez7805]

Have you asked who CONTROLS the economy? What 7 Multinational Corporations Control TRILLIONS OF monetary control? Who really control the STOCK MARKET's? How does the Deregulation of oversite effect the ZOMBIE MARKET? What has PRINTING CASH out of thin air and who pays for borrowing cost's? The" jist" is that ALL DEREGULATION OF MARKETS HAS CREATED " STUPIDITY".

[@rd9102]

Is this even serious...has anyone thought we would have a V shaped recovery since like February?

[@ТамерланГрозный-м8б]

Finally somebody who has common sense

[@guilhermechinen4713]

Nice interview team CNBC :)

[@anthonyrusso7904]

I have to say it is a great shame that we can't have guys like this as our politicians and leaders. Smart people like this guy who know what is going on, know what we need, and are well spoken and educated. No we get stuck with that buffoon we have in the White House and the buffoons we have in Congress.

[@johnz.2907]

That buffoon had our economy booming. Lol

[@petersonjim3478]

Every thing will be OK with bitcoin

[@nelsoncarlos2428]

Yes you are right

[@andrasvirile4331]

People remain out of ignorance

[@jamesscott1635]

People are scared of investing because of the high rate of scam in the business

[@arunohenry3753]

There are scammers but real brokers are out there for investors

[@zhagkc5316]

My first investment with Mrs Linda gave me profit of over $24,000 Us dollars and ever since then he has never failed to deliver and I can even say he's the most sincere broker I have known

[@kanoattack]

Let’s compromise at 2.2 trillions like the Cares act bill 🌸🇺🇸🌸

[@felixreyes3619]

Lots of respect for Mr. Zandi. He called the 2020 recession back in 2018. I think this virus situation will unfortunately be the exclamation mark.

[@NoMad42]

The only lesson we didn’t learn, was that bailing out the criminals that caused the crash is like throwing money down the drain, only for a few years of prosperity for some. And 10years later, as if all forgotten, we do it again, but this time those FKN comies socialize the debt of not only the banks, but also the biggest companies that watched in 2008 and learned how to do it. And on top of everything, we 10x+ the amount of money we stole from the little man in 2008. How many trillions this time? But that’s ok, the people are fighting corona, not the incompetence in government and business. How FKN convenient!

[@907living6]

It’s actually insane,

[@NoMad42]

@@907living6 actually it is

[@brianhack5806]

We are opening at just the right speed, determined by the market: safety vs. need. And once immigration and travel is seen as "opened", things are going to go to where they are needed. ... We are pretty well off and the rebound is going to be pretty interesting. We turned off a lot of the economy and then let it reshuffle itself before working to let it start back up again.

[@paulgraham5370]

Is this optimism? It's a depression if you don't have work after your benefits run dry.

[@delgerjargal8230]

So a NIKE shaped recovery

[@rahuliox]

So mark's thesis is just borrow your way out of everything, to hell with how much it costs or how non-free market it is.

[@ashrafabbas6675]

Economies are facing the 'driving license test' scenarios. We have 'H' for 4-wheelers and '8' for 2-wheelers.

[@mcampbe41]

Why is the stock market doing well? Central governments are flooding the markets with money. Why is Main St doing badly? There is a growing amount of debt out there, spending is down and the flow of money through the economy has stalled. There is an increasing rate of bankruptcies and that along with the massive government debt will need to be paid.

[@tommathew7684]

She dusted her lampshade. She also washed the outside of her windows.

[@paulpeterson4216]

Labor mobility was a feature of the US economy, 30 years ago, and Zandi is also a feature of that economy that worked only for the top 10% and mostly only for the top 0.1%. Zandi is not horrible as neo-liberal economists go, but the Clinton version of Reaganomics never worked for the majority of Americans, and the tepid "additional" stimulus that he is suggesting is so grossly inadequate as to be laughable. The government proved that it is good at one thing, sending out checks. Stop bailing out Moody's, the stock market, the bond market and the corporate/billionaire class and send checks to people. Now is the time for UBI for the duration of the crisis, and then look at keeping it when it proves to really work for everyone, including the wealthy. I'm not holding my breath, not unless a cop puts his knee on my neck.

[@rhondad674]

What about direct stimulus UBI?

[@inezqtaish6467]

Inez Qtaish say" I was on the 63rd Street bus in Chicago Illinois, a girl who was on the bus , called somebody on the phone and said" a guy had money , when the bus driver got on 63rd racine, gang bangers stop the bus from the outside , the gang bangers got on the bus with guns, I got off the bus and walked to another bus stop away from the crowd.

[@seannotaro473]

I see a hard L. For 3-5 years and then slow U back up. No doubt, depression

[@bennywalker1020]

I predict a H shaped recovery, forming into a A to B to C

[@jc.1191]

Definitely an &

[@ablemedia8763]

F shaped recovery for the short term and a U shaped for the long term but over all we should see a X shaped recovery in all sectors otherwise we are forcasting the a = shaped recovery, hope that answers all the speculations.

[@michaelh2931]

Guess where all the stimulus money went? Into the banks, which will now use it to make high interest loans for small business and people trying to keep their home and car and to refinance loans.

[@workhot]

Pretty good work,

[@ChadSimplicio]

If he wants the U.S.--or what's left of it--to re-engage w/ the rest of the world, it will have to begin with having a viable leader, and a very heavy overhaul of our culture.

[@greghelton4668]

There’s no letter that looks like \/\__________. That’s the likely recovery scenario.

[@TwistedAkimoto]

I'd like to see some of the larger banks go belly up and smaller credit union types that really understand and help smaller businesses and individuals become more prevalent. These larger banks are part of the economic downturn. The other part is a fact that most are now starting realize isn't a bad idea. Whether you pay taxes or not every American citizen should get some sort of UBI. I believe if UBI was introduced Americans would have a more calmer and stable different mindset throughout any ordeal unless of course if they are living waaaay beyond there own means

[@lucansanchez5129]

There doesn't seem to be any changes everyone's still walking around with a passport, driving licence and a bank card that doesn't go hand in hand and still no ID card, 3 cards instead of one, there should be less shops but they should be so much bigger. Still making money instead of ID card that should be distributed buy the bank. If there's streets with ten shops on each side then there should be 3 or 4 but much bigger for social distancing. And all shops should be self service with customer information and service desk. These are not many changes but they would make a big difference and not one made. The entertainment business alway has a focus for a social group. And it's even better with screens in every home. It's so sad that this pandemic hasn't inspired change. This pandemic mock exam for the governments was failed on behalf of the business and the people. Its amazing that the police ask people for ID when it's not distributed. There's always a cost. And the business of freedom of movement is above all and this is a bearing of good decisions making, you wouldn't do it this way if you could do it that way. Work vs job with the consideration of ethics.

[@rmarsmedia828]

It’s so hard to find good information, this is what I believe is going to happen...

[@neurophilosophers994]

The second Great Depression coming soon

[@RossTheBossTrotter]

Welcome to Depression 2.0

[@MrTwenty6point2]

Perhaps I'm ignorant but it appears that there has already been a rather substantial v shape recovery. If it goes down again, then that's a different story. Looking at SPY shows V.

[@dmax5722]

A novel recovery will last at least five years.

[@77Treasurehunter77]

Keyword being UNLIKELY......so there is still possibility of a decent rebound but probably not a full recovery. Got it!

[@ratmondC]

9:40 “Biggest risk in the near term is opening up too fast....depression not a recession”

[@omkarchauhan7675]

Full economic Recovery might be till mid 2021.

[@owRekssjfjxjxuurrpqpqss]

2025*

[@scottyhaines4226]

@@owRekssjfjxjxuurrpqpqss it wont be that long

[@imrickjames7012]

Scotty Haines 2026

[@spottedtime]

omkar chauhan I don’t think it’s going to recover that fast, since that’s literally a year away and too many people are scared to go to certain business, at the moment. While also a lot of business might be closed permanently and that will cause less people who can help get the economy back on its feet. So, I’m in the boat of it being closer to maybe in 2025-26.

[@apt62]

Scotty Haines depends if trump gets re-elected or not

[@ladhkay]

wow this guy should be president not mr cheetodustface

[@tonysolar284]

$2,000/Month + Medicare 4 All would lessen the impact to all.

[@nicholasthompson7690]

I’m skeptical

[@davis907]

Watch out boys! The bears are getting desperate and are even calling CNBC for help!

[@jeffmaggard3694]

How come stocks are going back to record highs? GDP has plummeted

[@calefrequena9106]

Proud to say My Parents are Immigrants!!🇲🇽

[@fuadothman3886]

The hard working people are running out of money

[@xelasomar4614]

The best universities in the world which are becoming more and more out of reach by the less affluent.

[@mikejames6935]

Mirror invest this guy!

[@eddiehui38]

Well we never stop doing business with the world we just want to do it fairly fair deal

[@scotval6389]

Moody's Chief Economist wants unlimited government spending until this goes away...does he not understand what happens to countries with national debts that are unsustainable. He said construction will be first to come back because it was not effected that much and their was already a lot of demand then he said we need a huge infrastructure spending. Who will do this work if construction is already very busy? This will cause prices to rise as government compete with private sector for limited construction resources. Not impressed with this talking head.

[@sang3Eta]

The Nasdaq made a new all time high today! The V shaped recovery is in!

[@johnz.2907]

Trump 2020 MAGA

[@ga21351]

He he propose more debt to help ? And that is solution?

[@davidsummit9851]

Give a child a silver coin today

[@timl9891]

Long Bitcoin, Short the Banks

[@allenhsiehnyc]

goodness..... you don't need an expert to tell us that a V-shaped recovery won't happen.....

[@kevinmcneill1074]

Zandi is usually wrong so a V shape recovery seems like a good bet.

[@Defy_Convention]

SELL SELL SELL

[@uhohhhsteven]

This is going to be a huge wake up call to Americans on how much illegal immigrants contribute to the American economy

[@Jomor44]

Why is there so many doom and gloom vids from the NBC family of network’s ?

[@billyboy9675]

He seems to contradict himself. If we print too much money through stimulus, that will lower the value of the dollar, thus making ‘globalization’ less of a factor in our economy.

[@andrewheffel3565]

W. Market is up now, it is a good time to sell now that the market has responded to govt. Stimulus. It will go down again, and then take time to really recover.

[@Clubrat]

Wow, a realist on financial network. Something isn’t right here.

[@bilalahmed2123]

Elizabeth you are very Pretty

[@Sinaeb]

because states are opening too early

[@pranavp386]

I see a lot of comments on v and w shape recovery. But I just keep thinking damn SHE'S HOT.

[@augustuscaeser8939]

remember when we still had hope?