For a while, everybody thought there would be no increase until year-end. They may hike rates sooner than we realize.
More Quotes from Sung Sohn:
All the pieces are in place to generate healthy economic growth for the balance of the year, ... But so far, political and economic uncertainties have overshadowed the strengthening in corporate profits.Sung Sohn
If there were a bubble in California and if it were to burst, that would be a national economic catastrophe.
Sung Sohn
Overseas, we have a terrible time competing in the automobile market, in part because a strong dollar makes U.S. cars more expensive. Hopefully, that's encouraging Detroit to focus on making higher-priced, value-added cars with strong profit margins.
Sung Sohn
More and more jobs, both manufacturing and service jobs are sent overseas these jobs won't come back any time soon.
Sung Sohn
Businesses have regained confidence in the sustainability of this economic expansion and have started to hire people in earnest. Employers are trying to boost employment by adding more workers, not more hours per worker.
Sung Sohn
In a similar vein, the world is looking to the U.S. to lead a global recovery. Clearly, the U.S. economy was and still is the locomotive pulling the world economy, ... All across Asia, Latin America, everywhere I go, they are looking to the United States for recovery.
Sung Sohn
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