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Quotations
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Sung Won Sohn Quotes
«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.»
Author: Sung Won Sohn
«As long as wages are not affected by higher oil prices, the impact on inflation and monetary policy should be minimal, especially in the first year of recovery,»
Author: Sung Won Sohn
«Employment gains really haven't come from full-time workers. They're coming primarily from part-time, temporary help, ... Businesses are still trying to maintain flexibility by not hiring more expensive, full-time workers. That might be one of the reasons why we're seeing an increase in continued claims.»
Author: Sung Won Sohn
«All the pieces are in place to generate healthy economic growth for the balance of the year, ... But so far, political and economic uncertainties have overshadowed the strengthening in corporate profits.»
Author: Sung Won Sohn
«We know inventories are probably somewhere near the bottom, ... Businesses are producing [goods], trying to not only meet demand, but also to rebuild inventories.»
Author: Sung Won 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.»
Author: Sung Won Sohn
«It's pretty clear that all the pieces for capital spending are in place, including rising sales, lower inventories and increases in shipments and orders, ... So, despite what CEOs say in public, there's no question that capital spending -- outside of aircraft and telecommunications -- has bottomed and is on the way up.»
Author: Sung Won Sohn
«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.»
Author: Sung Won Sohn
«Manufacturing could be a key driver of economic growth in the future, as opposed to being a big drag as we've seen in the past, ... Even employment, which has been weak, should be coming around as demand continues to pick up steam.»
Author: Sung Won Sohn
«The manufacturing slump is over, and production has begun. Production is important for creating jobs and boosting corporate profits, and this indicates that we will see better economic times ahead of us.»
Author: Sung Won Sohn
