The third cylinder of economic growth is beginning to fire, ... The other two cylinders are inventory swings and consumer spending. Outside of telecommunications and airplanes, business capital spending has begun to improve already, beginning in the first quarter.
More Quotes from Sung Sohn:
I'm not bullish on the holiday shopping season, but I'm not as bearish as some people have been.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
For every 10-percent appreciation in the dollar, it cuts inflation by one full percentage point, assuming the strength of the dollar is sustained,
Sung Sohn
It clearly tells us that consumers have and will continue to sustain and support economic growth, ... Consumers have really been the backbone of current economic growth and will continue to be a stabilizer for the balance of this year.
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
And now that the economy is improving, people have greater confidence to make purchases and build homes.
Sung Sohn
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Based on Topics: Business & Commerce Quotes, Economics Quotes, Fire QuotesBased on Keywords: cylinder, cylinders, telecommunications
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