We're looking for the wording of the Fed's statement to change in an encouraging direction. The economic numbers would argue for more optimism than caution at this point, ... My expectation is that this economy will be sizzling in the third quarter and hopefully in the fourth quarter, and that should lead to more jobs.
More Quotes from 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
Greenspan has to make sure the labor market has improved on a continuing basis before he can even think about hiking interest rates. For example, in 1992, he waited 17 months after the peak of the unemployment rate before hiking interest rates.
Sung Sohn
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.
Sung Sohn
Historically, economic and political crises have been buying opportunities. Looking at 17 crises, ranging from President Wilson's nervous breakdown to the Gulf War, the stock market setback generally has been a short-term matter lasting no more than a few months.
Sung Sohn
We have a situation where the baton of economic growth needs to pass from consumers to businesses, but that hasn't happened yet,
Sung Sohn
Both consumer and business confidence is depressed because of uncertainty surrounding the war, ... If we can somehow bring closure to the war situation, I would expect confidence to improve dramatically, taking with it the economy and the stock market.
Sung Sohn
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Based on Topics: Economics QuotesBased on Keywords: sizzling
I cannot imagine any other country in the world where the opposition would seek, and the chief executive would allow, the dissemination of his most private and personal conversations with his staff, which, to be honest, do not exactly confer sainthood on anyone concerned.
Gerald R. Ford
I never expected this to catch on in the way it did! Of course similar observations have been made by any number of people, and the distinction is obvious to anyone who thinks about the subject a little.
David Chalmers
I would be a billionaire if I was looking to be a selfish boss. That's not me.
Alfred North Whitehead