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Quotations
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Sung Won Sohn Quotes
«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.»
Author: Sung Won Sohn
«My concern is that inventories are so low, some businesses will actually miss sales through stock-outs.»
Author: Sung Won Sohn
«I don't think businesses will hire more people in anticipation of higher demand. They want to see demand first. They feel they have the flexibility to increase production without hiring people.»
Author: Sung Won Sohn
«Clearly, the economic fundamentals of monetary and fiscal policies, as well as the falling value of the dollar, support a recovery. What we're not sure of is how strong the recovery is going to be.»
Author: Sung Won Sohn
«But if things start to go wrong -- if business spending doesn't pick up, or state and local governments lay off more people than anticipated, or auto sales fall off, or interest rates go much higher -- then a combination of these factors would really affect the economy going forward.»
Author: Sung Won Sohn
«And now that the economy is improving, people have greater confidence to make purchases and build homes.»
Author: Sung Won Sohn
«If we create [millions of] jobs, as the White House says we will, then real incomes will rise and we can afford to pay for the higher price of energy. If not, it might be a problem.»
Author: Sung Won Sohn
«Unless the labor market gains some steam and momentum, both real income and confidence of consumers would be hurt.»
Author: Sung Won Sohn
«Foreign investors are becoming a bit more gun shy about buying U.S. assets. Until the dollar settles down, we are going to be looking at volatility in the foreign exchange markets.»
Author: Sung Won Sohn
«The stock market will remain depressed until layoffs stabilize and the resolution of the war on terrorism becomes clearer,»
Author: Sung Won Sohn
