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.
More Quotes from Sung Sohn:
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
We notice it every day -- when we go to gasoline stations, we pay more,
Sung Sohn
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
I'm not bullish on the holiday shopping season, but I'm not as bearish as some people have been.
Sung Sohn
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
My concern is that inventories are so low, some businesses will actually miss sales through stock-outs.
Sung Sohn
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Based on Topics: Confidence Quotes, Economics Quotes, Place QuotesBased on Keywords: jarring, jobless
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