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.
More Quotes from Sung Sohn:
If there were a bubble in California and if it were to burst, that would be a national economic catastrophe.Sung Sohn
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
Businesses are going to be waiting and seeing. The most important factor is how consumers behave, ... The cost of capital is important, but in the final analysis, you've got to sell products. If you're not going to sell products, you're not going to need capacity.
Sung Sohn
It boils down to housing affordability mortgage rates have risen, but they're still historically very low, ... We're continuing to see people who had been sitting on the fence jumping in to take advantage of these low rates before they go back up.
Sung Sohn
The central bank runs the risk of raising the interest rate too fast. Historically, the central bank had overreacted to inflationary pressures, contributing to economic recessions.
Sung Sohn
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