Top Economist Mark Zandi Warns That So Many Americans Are “Already Living on the Financial Edge” in a K-Shaped Economy
Mark Zandi is concerned that the labor market is running out of buffers. So many Americans are “already living on the financial edge,” said the chief economist at Moody’s Analytics. wealth. If they start to pull back, that’s “fodder for a recession.” The harsh assessment comes as hiring has stagnated, unemployment is rising — especially … Read more