Moody's Talks - Inside Economics

Mark, Cris, and Marisa are joined by their colleague Adam Kamins and his infamous closet doors, along with Rebecca Rockey, Deputy Chief Economist at Cushman Wakefield, and Chris Leinberger, Managing Director at Places Platform. Rebecca and Chris review key takeaways from their recent study, Reimagining Cities-Disrupting the Urban Doom Loop. Among the variety of topics covered are the importance of Walkable Urban places; the optimal mix of work, live, and play in cities; how to ensure that the commercial real estate mix aligns with the post-pandemic evolution of downtowns; and Mark’s prowess in pickleball and the possibly made-up sport of wallyball.Guest: Rebecca Rockey, Deputy Chief Economist and Global Head of Forecasting, Cushman & WakefieldGuest: Chris Leinberger, Managing Director and Co-Founding Partner, Places PlatformGuest: Adam Kamins, Senior Director of Economic Research, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

With Marisa out on assignment, Dante joins Mark and Cris to discuss the latest U.S. employment report. After several volatile months due to hurricanes and labor strikes, the job market found its footing in November, with payroll growth reported across most industries. The team considers the report's implications for monetary policy and the long-run interest rate outlook. With all of the policy unknowns, they conclude that the only certainty is uncertainty.Guest: Dante DeAntonio, Senior Director of Economic Research, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

Moody’s Analytics own Scott Hoyt joins the Inside Economics team to discuss the state of the American consumer, as the critical Christmas buying season is set to begin. Consumers have been powering the broader economy, and the team expects that to continue.  But there are a number of consumer-related puzzles, which the team works to solve.Guest: Scott Hoyt, Senior Director of Economic Research, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

Joe Hazell, Assistant Professor of Economics at the London School of Economics, joins the podcast to discuss inflation. Joe breaks down the reasons for the lack of inflation in the pre-pandemic period and the primary causes of inflation over the past four years. The team discusses why the average American is much more sensitive to inflation than unemployment and whether the Fed should rethink how it balances the two when considering monetary policy. Finally, the discussion turns to the incoming Trump administration’s policies and their potential effect on inflation over the next few years.  Guest: Jonathon Hazell - Assistant Professor of Economics at the London School of EconomicsPapers mentioned in this episode: Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs and The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation Hosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

The Inside Economics team assesses the inflation statistics, and why there is no going back to the where prices were prior to fallout from the pandemic and Russian war in Ukraine. And while inflation has largely been quelled, President-elect Trump’s tariff, immigration and other policies threaten to fan inflation anew.  There is also the stats game and listener questions. Guest: Matt Colyar - Assistant Director, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

Chris Avallone, Head of Merchant Banking at Amherst, joins the Inside Economics crew to discuss the housing market.  The group examines the "lock-in" effect keeping existing homeowners in their homes and the "lock-out" effect preventing aspiring homebuyers from realizing their dreams.  Chris describes a playbook that local governments could use to address zoning and free up the "locked up" housing market.  After a quick stats game, Mark polls the group for their forecasts for when and how the housing market will normalize. The recording of this podcast took place before the results of the 2024 election.For Cris's paper on the Housing Deficit and Housing Affordability click hereGuest: Chris Avallone, Head of Merchant Banking at The Amherst GroupHosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

Mark joins the podcast from Europe to provide the European perspective on the U.S. election and how the outcome may affect their economies.  The team then dissects the reactions of the stock, bond, and cryptocurrency markets before turning to listener questions.  Marisa asks the group for their views on the vibecession, a term coined by Kyla Scanlon, to explain the disconnect between economists and the general public, and the integrity of economic data.  Cris's dog makes a special guest appearance. https://genius.com/Alanis-morissette-ironic-lyricshttps://kyla.substack.com/p/the-vibecession-the-self-fulfilling Hosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

Dante joins the podcast to discuss the October employment report. The impact of recent strikes and hurricanes weighed on the headline jobs figure, but everyone agrees that underlying job growth remains strong. Cris and Mark debate the reasons why productivity growth in the U.S. has outpaced the rest of the world, but Dante remains skeptical that recent productivity success is sustainable.Guest: Dante DeAntonio, Se nior Director of Economic Research, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office, joins Mark and Cris to discuss vexillology, potential election outcomes, and the impact of proposed immigration and tariff policies on the economy.  After a quick statistics game, Doug shared his insights on the national debt and how the government's fiscal imbalances may ultimately be resolved. Guest: Douglas Holtz-Eakin, President of American Action ForumRead this week's "Week in Regulation" from the American Action Forum: Latest Cybersecurity Rule Leaves a MarkRead Mark's Article in the Philadelphia Inquirer: Weighing the Merits of Broad-Based Tariffs Hosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn

Ben Harris, Brookings’ Director of Economic Studies, joined the Inside Economics team to talk about the economy, the presidential election, and the economic policies of Vice President Harris and former President Trump. The bottom line: buckle in.  The election will likely be close and contentious, and the ultimate makeup of government will result in very different directions for policy and the economy’s future performance.Today's Guest: Ben Harris - Brookings, Vice President and Director of Economic StudiesPaper referenced by Ben Harris: Immigration and the macroeconomy after 2024Papers referenced by Inside Economics team: The Macroeconomic Fallout of Trump’s Tariff Proposals  Updated 2024 U.S. Election ProbabilitiesAssessing the Macroeconomic Consequences of Harris vs. TrumpHosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedInEmail the Inside Economics team with your questions: [email protected]