In this webinar, Mark Zandi and the Moody’s Analytics team answer wide-ranging questions from audience participants stemming from the economic impact of COVID-19.
Please note that in the live Q&A session, the presenters referred to a set of presentation slides that were available offline. We have taken the relevant slides and synced them to the audio track for the benefit of viewers watching this replay. However, the slide numbers that appear in the video may differ from order of the slides available for download.
- Mark Zandi, Chief Economist, Moody's Analytics
- Cris deRitis, Deputy Chief Economist, Moody's Analytics
- Ryan Sweet, Senior Director, Moody's Analytics
There is a lot to like in the President's Build Back Better plan.
The U.S. economy is booming and near-term prospects have rarely been as strong.
Bond investors have come to terms with a booming U.S. economy and reflation narrative.
We assess the macroeconomic consequences of the AFP in this white paper, and find that while its near-term impacts are small, it provides meaningful longer-term economic benefits by increasing labor force participation and the educational attainment of the population.
Tight U.S. high-yield corporate bond spreads could stick around until the economy begins to cool or volatility in the equity market increases.
High-yield corporate bond issuance had a strong start to the year, due to growing expectations for the U.S. economy to take off coupled with tight credit spreads and less perceived credit risk.
Low-income and minority households are struggling to make their rent and mortgage payments, suffering through increasingly long commutes, and unable to take better jobs because they cannot afford housing near the available work. The American Housing and Economic Mobility Act would help to address these problems.
There are many potential political impediments to passage of the American Jobs Plan, but we expect that an infrastructure plan similar in spirit and size to what the president has proposed will become law later this year.
The secular decline by Treasury bond yields since 1982 has been accompanied by a secular climb in the ratio of private and public nonfinancial-sector debt to GDP.
High yield bond issuance and newly rated loans from high-yield issuers have soared thus far in 2021.