Recent surge in US mortgage rates a taste of what’s to come

Mark Zandi is chief economist at Moody’s Analytics.

On the reasons for steeply rising interest rates he cites:

• strong economy
• higher tariffs, immigrant deportations, and deficit if Trump elected

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Given the super-heated pre-election environment in the US Zandi has come under partisan attack.

I posted on him a few weeks back:

• US economy among the best performing in 35+ years”

In which I pulled out the warning to expect smaller/slower Fed cuts. Somehting which has indeed played out.

While I understand the partisan attacks I’ll just say that if you are taking your advice on the economy from politically-motivated partisans vs. qualified economists you do so at your own risk.

And yes, I am also aware there is a questioning and deep distrust of experts. Its probably reasonable to be distrustful of no-nothing morons also, no?

This article was written by Eamonn Sheridan at www.forexlive.com.