September 2017

In this webinar replay, Mark Zandi and the Moody’s Analytics team examine the economic impact on the national and regional economy, including the effect on GDP, corporate profits, gas prices, as well as property damage estimates for infrastructure, real estate and vehicles.

Hurricane Harvey is poised to become one of the costliest natural disasters in U.S. history. It will take a significant toll on Southeast Texas, but is unlikely to be a macroeconomic event. Harvey could leave a small but temporary mark on U.S. GDP that likely won't be enormous unless there are significant disruptions to the energy industry.

Chief Economist Mark Zandi discusses the economic impact of Hurricane Harvey including:

  • What is the hurricane's immediate impact on the regional and national economies?
  • What are the implications for the U.S. energy industry?

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Fed Chairman Jerome Powell recently addressed the issue of business borrowing. In a May 20 speech, Mr. Powell suggested that, by itself, the new record high ratio of nonfinancial-corporate business debt to GDP is much less of a risk to systemic financial liquidity than was home mortgage debt's record high 100% of disposable personal income from 2007.

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Weekly Market Outlook: Credit May Again Outshine Equities at Divining Markets' Near-Term Path

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Weekly Market Outlook: Not Even the Great Depression Could Push the Baa Default Rate Above 2%

The now positive trend of Baa-industrial credit rating revisions is nearly diametrically opposed to the negative trend of high-yield rating changes.

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Weekly Market Outlook: Benign Default Outlook Implies Profits Will Outrun Corporate Debt

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Weekly Market Outlook: Upside Risks to the U.S. Economy

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