If prices remain where they are, and the rest of the economy performs well, that won't be the end of the world,
More Quotes from Sung Sohn:
This economic indicator continues the string of statistical signs supporting the current Federal Reserve stance, ... The recovery seems to continue, but it is still too weak to generate sufficient payroll growth for inflationary pressure.Sung Sohn
The productivity gains have been stunning.
Sung Sohn
A slight decline should not change the picture that much, ... If you look at the fundamentals, despite all the negative news, consumers are in pretty good shape. The jobless rate is pretty low, and their net worth is going up because house prices going up
Sung Sohn
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
This is what economists call a simultaneous process, meaning that it works both ways.
Sung Sohn
Business spending is the Achilles heel of the economy, ... The economic baton needs to pass from consumers to businesses.
Sung Sohn
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