This summer's energy shock will cascade through the economy. A brutal winter heating season can't be ruled out. Detroit is losing steam,
More Quotes from Sung Sohn:
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.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
This is a terrible number. The economic recovery is almost three years old, and the economy should be producing 200,000 to 300,000 jobs per month.
Sung Sohn
More and more jobs, both manufacturing and service jobs are sent overseas these jobs won't come back any time soon.
Sung Sohn
I don't necessarily think the world's coming to an end. If we can score some major victories in Afghanistan and get other nations to take care of their own terrorists without involving U.S. troops, I think confidence could rebound just like it did after the Gulf War.
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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