90 Total Quotes

Sung Sohn Quotes

If prices remain where they are, and the rest of the economy performs well, that won't be the end of the world,
Sung Sohn
#Economy

I don't think businesses will hire more people in anticipation of higher demand. They want to see demand first. They feel they have the flexibility to increase production without hiring people.
Sung Sohn
#Anticipation

If oil goes to $50 a barrel, I think we're talking about 3 percent economic growth, rather than 4 percent growth, possibly. And the jobless rate could actually go up, not down, because the long-term potential economic growth rate is actually 3.5 percent -- we could actually be falling below potential.
Sung Sohn
#Growth

Inflation is not an issue right now. However, it could be in the future. The Fed will begin to worry about inflation because monetary policy affects the inflation rate with a lag of as much as 18 months to two years, so they need to worry about it now.
Sung Sohn
#Future

Consumers are not on a spending spree, but they continue to spend,
Sung Sohn
#Consumers

The deflation concerns give ammunition to the president's tax cut,
Sung Sohn
#Ammunition

Manufacturing could be a key driver of economic growth in the future, as opposed to being a big drag as we've seen in the past, ... Even employment, which has been weak, should be coming around as demand continues to pick up steam.
Sung Sohn
#Future

This report is a slow boat to China, reflecting continuing business caution about hiring people. Facing unprecedented competition from both domestic and foreign sources, businesses are still focused on productivity gains with as few employees as possible.
Sung Sohn
#Business

Both consumer and business confidence is depressed because of uncertainty surrounding the war, ... If we can somehow bring closure to the war situation, I would expect confidence to improve dramatically, taking with it the economy and the stock market.
Sung Sohn
#Business

That's one of the reasons why consumers are not going on a spending spree, though they're keeping the economic ship afloat. When higher unemployment numbers come out, that will probably rattle consumer confidence a bit.
Sung Sohn
#Consumers

There's so much liquidity in the economy right now that, left alone, it could become fuel for inflation, ... I can see the Fed taking preventive measures to ensure inflation doesn't become a problem.
Sung Sohn
#Economy

The expectation is that the NAPM numbers should continue to improve and that the manufacturing recession is hopefully going away.
Sung Sohn
#Expectation

But give people more information, and we can incorporate it into our thinking process. We can attach and assign probabilities and then more or less go on with our normal lives. I think that's exactly what's unfolding.
Sung Sohn
#Information

It clearly tells us that consumers have and will continue to sustain and support economic growth, ... Consumers have really been the backbone of current economic growth and will continue to be a stabilizer for the balance of this year.
Sung Sohn
#Growth

And now that the economy is improving, people have greater confidence to make purchases and build homes.
Sung Sohn
#Confidence

Foreign investors are becoming a bit more gun shy about buying U.S. assets. Until the dollar settles down, we are going to be looking at volatility in the foreign exchange markets.
Sung Sohn
#Assets

More and more jobs, both manufacturing and service jobs are sent overseas; these jobs won't come back any time soon.
Sung Sohn
#Jobs

I've spent the past couple of days in Washington, talking to people at the Federal Reserve and the [White House] Council of Economic Advisers, and this issue came up, ... The consensus seems to be that an unemployment rate representing full employment is somewhere between 5 and 5.5 percent.
Sung Sohn
#Past

Even with significant employment gains, the central bank wants to see more inflation and pricing power. The fall election is another hurdle. No hike in the interest rate is likely in 2004.
Sung Sohn
#Inflation

The loss of confidence in the financial reporting of Corporate America could hurt both consumer and business spending, ... The reduced availability and higher cost of credit, as well as the desire to strengthen the balance sheet, could cause firms to postpone capital spending plans and accelerate layoffs.
Sung Sohn
#America

The stock market will remain depressed until layoffs stabilize and the resolution of the war on terrorism becomes clearer,
Sung Sohn
#Resolution

If you want to really help the economy right away, the fastest way to do that is to have the government spend the money itself, ... The next step would be to give tax cuts to low- and middle-income people, who are more likely to spend the money.
Sung Sohn
#Economy

This summer's energy shock will cascade through the economy. A brutal winter heating season can't be ruled out. Detroit is losing steam,
Sung Sohn
#Economy

If this gets out of control all of Latin America could suffer. When Brazil sneezes, the rest of Latin America catches a cold.
Sung Sohn
#America

Unless the labor market gains some steam and momentum, both real income and confidence of consumers would be hurt.
Sung Sohn
#Confidence

Had this report showed another plunge in confidence, then I think it would have been a sure bet to expect another cut sometime in April,
Sung Sohn
#Confidence

Clearly, as a betting man, I would have to say the probability of a recession has gone up significantly,
Sung Sohn
#Man

The rate cut could be temporary, but in these times of crisis, I think it's not inappropriate,
Sung Sohn
#Crisis

If they keep the word, the financial markets will like that, because the Fed has put itself in a self-imposed box. If they discard the word measured, they'll be saying they're free to do what they want.
Sung Sohn
#Self

Crowding out could become a distinct possibility in the future, pushing up interest rates significantly in 2005 and beyond,
Sung Sohn
#Future