We notice it every day -- when we go to gasoline stations, we pay more,
More Quotes from Sung Sohn:
Until and unless there are significant increases in jobs over a period, tighter monetary policy is out of the question.Sung Sohn
Construction spending is always a lagging economic indicator, especially in commercial construction, because of the time it takes to plan, execute and build. I expect housing to be a stabilizer, but commercial construction to be a drag on economic growth for a while to come.
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
Once the employment picture stabilizes, around midyear, we should see a more rapid and sustained recovery in consumer confidence.
Sung Sohn
Overseas, we have a terrible time competing in the automobile market, in part because a strong dollar makes U.S. cars more expensive. Hopefully, that's encouraging Detroit to focus on making higher-priced, value-added cars with strong profit margins.
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
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