WSJ on Mark Zandi's Past Predictions

He's predicting Kamala wins.

Allysia Finley: Trump Can Take Heart: Mark Zandi Says Harris Will Win

Excerpt:

… Naturally, Mr. Zandi forecast an economic Category 5 hurricane if Mr. Trump won.

The Republican’s policies, he predicted, would tank the economy and create 7.4% unemployment, soaring interest rates, deficits and inflation. GDP would fall 2.4% in “an unusually lengthy recession,” and “the average American household’s after-inflation income will stagnate, and stock prices and real house values will decline.”

Instead, the economy surged thanks to Mr. Trump’s tax cuts and deregulation. Unemployment fell to 3.5% in February 2020, the lowest in 50 years. The economy grew 8.3% during his first three years before the pandemic. Stocks, real incomes and housing values climbed. Inflation didn’t. Deficits as a share of the economy remained at historically normal levels until the pandemic.

Mr. Zandi predicted that a Democratic sweep in the 2020 election would supercharge economic growth, while interest rates would stay between 0.1% and 1.5%. He later commended the Democrats’ $1.9 trillion Covid blowout in March 2021, though he recommended more transfer payments.

When inflation heated up, in June 2021 Mr. Zandi said not to worry: “It is wrong to get all worked up over today’s high inflation. It will soon abate” and “moderate to between 2% and 3% by this time next year.” Inflation peaked at 9.1% in June 2022.

That’s pretty embarrassing — and there are loads more.

Read the whole thing here.