Sung Sohn Quotes on Confidence (12 Quotes)

Once the employment picture stabilizes, around midyear, we should see a more rapid and sustained recovery in consumer 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,

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.

If they don't deliver, we could see a sharp sell-off in markets and a drop in consumer confidence,

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.

What's lacking is confidence, so businesses aren't spending the money they have, ... That's why I don't necessarily think it takes a huge fiscal stimulus package to get the economy moving.

Fed Chairman Alan Greenspan will have to act to boost confidence, ... Another cut at the Nov. 6 Fed policy meeting should not be ruled out, lowering the federal funds rate to 2.0 percent. Considering the weak economic outlook, the central bank will remain accommodative in the foreseeable future.

The bedrock of consumer spending and confidence is employment. The expectations of more jobs has boosted consumer confidence.

I don't necessarily think the world's coming to an end. If we can score some major victories in Afghanistan and get other nations to take care of their own terrorists without involving U.S. troops, I think confidence could rebound just like it did after the Gulf War.

The pause in economic growth and the drop in confidence will probably cause the Fed to tighten later rather than sooner. The earliest I can see them tightening is the end of June, and they could quite possibly wait until August.

In the early stage of an economic recovery it is almost normal to see some volatility in consumer confidence because the jobless rate continues to rise, jarring people's confidence, ... However, all the pieces are in place to generate recovery, including healthy spending, robust housing and record low business inventories.

That's why confidence is important. If it remains healthy, gains in sales will be high enough to offset the negatives coming from job cuts. It's a tug-of-war right now, job cuts are winning.