The year end wrap-up of our webinar series: Moody’s Analytics & Raymond James in Conversation where we discussed the impact of COVID-19 on the economy, mortgages, commercial real estate and U.S. autos.
This webinar will provide expert insight and trend analysis in the age of COVID-19. Join our panel: John Toohig, Head of Whole Loan Trading, Raymond James, Mark Zandi, Chief Economist, Moody’s Analytics, Cris deRitis, Deputy Chief Economist, Moody’s Analytics and Michael Brisson, Senior Economist, Moody’s Analytics as they discuss what this means for the U.S. and global economy, as well as the mortgage, CRE & U.S. auto industries.
John Toohig, Head of Whole Loan Trading, Moody's Analytics
Mark Zandi, Chief Economist, Moody's Analytics
Cris deRitis, Deputy Chief Economist, Moody's Analytics
Michael Brisson, Senior Economist, 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.
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.
Demand for used vehicles was red-hot in the first quarter. After ticking down modestly in the final few months of last year, U.S. wholesale used-vehicle prices shot up 11% from December to March.
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.
According to the Datium Insights-Moody's Analytics Price Index, wholesale used-vehicle prices are 37% above the pre-pandemic high set in February 2020.
High yield bond issuance and newly rated loans from high-yield issuers have soared thus far in 2021.