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.
More Quotes from Sung Sohn:
Customers we talk to are saying they're going to respond to increasing demand, but they won't do anything in anticipation of increasing demand, ... That's why employment, inventories and manufacturing will move in positive directions, but I don't think it will be anything spectacular.Sung Sohn
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.
Sung Sohn
I think we should know about candidates' desires and views, but I think it would be a mistake to assume that they will become reality.
Sung Sohn
The problem is that the stock market tends to predict downturns or upturns too early. The common joke is that the stock market predicted 11 out of the last nine recessions.
Sung Sohn
Employment gains are rising at a slower rate, retail sales are decelerating somewhat, the stock market is going through some turmoil and the Middle East situation is also probably having a dampening impact on consumers' willingness to spend, ... So I think the Michigan confidence report is consistent with an overall picture in which consumers are doing well, but probably taking a breather for a while.
Sung Sohn
It's pretty clear that all the pieces for capital spending are in place, including rising sales, lower inventories and increases in shipments and orders, ... So, despite what CEOs say in public, there's no question that capital spending -- outside of aircraft and telecommunications -- has bottomed and is on the way up.
Sung Sohn
Readers Who Like This Quotation Also Like:
Based on Topics: America Quotes, Balance Quotes, Confidence Quotes, Corporation Quotes, Desire Quotes, Finance QuotesBased on Keywords: layoffs, postpone
I was endorsed by many corporations to work with their people. Since I had several hundred successful case histories, I realized that it was really valuable and everybody should have access to the information, so I started teaching seminars to groups of people.
Leonard Orr
In these litigious times, if you're a beginner, it's becoming harder and harder to get your work to the people who might actually be able to hire you.
Len Wein
I had such a nice time making it, and I can't wait to make the fifth one. The whole crew were just really, really lovely. All the costume people, the make-up girls, the kids - even my driver.
David Thewlis