Mark Zandi

“One thousand dollars,” Mark Zandi, Moody’s chief economist, wrote in an op-ed published last week by the Philadelphia Inquirer. “By my calculation, that’s the effective cost of the Iran war to the ty…”

“The tabulation is already higher than Moody’s last estimate of the war’s cost to households. A month ago, a post authored by Zandi pointed to a total burden of $100 billion, coming out to a $750 bill…”

“inflation has run above the Federal Reserve’s 2% target for 64 straight months, with headline inflation at 3.5%”

“And inflation has been well above target for five years running”

“One thousand dollars,” Mark Zandi, Moody’s chief economist, wrote in an op‑ed published last week by the Philadelphia Inquirer. “By my calculation, that’s the effective cost of the Iran war to the ty…”

“One thousand dollars," Mark Zandi, Moody’s chief economist, wrote in an op‑ed published last week by the Philadelphia Inquirer.”

“Of that sum, Americans have already burned through around $300 from each household due to high gas prices alone.”

“More expensive fuel has caused airlines to raise prices, adding $100 to the bill.”

“That’s another $200, according to Zandi.”

“These round up to an extra $250 in taxes for each household.”

“Higher rates mean pricier payments to service credit card debt, auto loans, and mortgages, adding on another $150 to the war’s bill.”

“A month ago, a post authored by Zandi pointed to a total burden of $100 billion, coming out to a $750 bill per U.S. household.”

“He estimates that it will take until 2013 for the US economy to create enough jobs to replace the eight million lost during the downturn.”