Mark Zandi - Higher taxes may have to be paid

22 Nov 2011 Bloomberg
Mark Zandi is Moody's Analytics chief economist.

He blames Europe.
He says markets will take it in their stride.
He doesn't think a double dip is guaranteed and that the economy is growing into 2012 (no recession).
He expects the Fed to do another round of asset purchases (QE3) next year.
He says it would be wonderful if Congress could extend the payroll tax holiday otherwise everybody can expect to pay higher taxes on January 1st.

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