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Quotations
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Sung Won Sohn Quotes
«That's why confidence is important. If it remains healthy, gains in sales will be high enough to offset the negatives coming from job cuts. It's a tug-of-war; right now, job cuts are winning.»
Author: Sung Won Sohn
«Immediately after the terror attacks, we were shell-shocked and stopped doing everything but watching television,»
Author: Sung Won Sohn
«A quarter-point cut [Tuesday] could weaken confidence by reinforcing pessimism in the market place, ... Instead, [Fed] Chairman Greenspan should stand pat, sending a positive message that economic recovery is in sight and no additional monetary stimulus is needed.»
Author: Sung Won Sohn
«The jobless rate is the best indicator of monetary policy, ... The Fed keeps cutting rates as long as the jobless rate goes up. This time around is really no exception.»
Author: Sung Won Sohn
«How so many people went so far astray from the mainstream and were wrong is probably unprecedented,»
Author: Sung Won Sohn
«Without the terrorist attacks, we would be experiencing economic recovery in this quarter.»
Author: Sung Won 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.»
Author: Sung Won Sohn
«We're still losing jobs, but the rate of loss is expected to slow, ... That, hopefully, will be viewed that the economy is starting to improve.»
Author: Sung Won Sohn
«We have probably hit the bottom in inventory liquidation, and hopefully we are actually now rebuilding inventory,»
Author: Sung Won Sohn
«[Michigan's] sample size is smaller, so it's more volatile than Conference Board numbers, ... I would view this more as a period of digesting all the spending they've done rather than a really significant setback in consumer spending.»
Author: Sung Won Sohn
