Mark Zandi Quotes & Mark Zandi Sayings

Consumers are likely to pay more for lumber, coffee, chocolate, perhaps sugar _ anything that we import through the ports in the affected region will face higher prices. Mark Zandi Consumers will see higher prices on coffee beverages and even chocolate if the raw supplies get backed up at the ports. In agricultural products, prices of cereals and breads could decline. If we can't export the wheat and grain, then the excess supply will have to be consumed domestically, pushing down prices. Mark Zandi The Port of New Orleans alone imports 250,000 tons of coffee every year. Mark Zandi [At a minimum, this will hit consumers' pocketbooks—and perhaps their confidence. Before Katrina, Goldstein estimated that consumers' annual fuel bills this year would average about $250 more for gasoline and $400 more for home heating oil and natural gas than in 2004. Now he reckons those amounts will go up 30 percent to 75 percent. Costlier energy could adversely affect consumer spending, corporate profits and inflation—or all three.] We could be reaching a tipping point on consumer psychology, especially when people get their home heating bills, ... Those will be big. Mark Zandi Remarks