158 ordspråk av Sung Won Sohn

Sung Won Sohn

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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.

Immediately after the terror attacks, we were shell-shocked and stopped doing everything but watching television,

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.

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.

How so many people went so far astray from the mainstream and were wrong is probably unprecedented,

Without the terrorist attacks, we would be experiencing economic recovery in this quarter.

[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.

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.

We have probably hit the bottom in inventory liquidation, and hopefully we are actually now rebuilding inventory,

[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.

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.

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,

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.

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.

We know inventories are probably somewhere near the bottom, ... Businesses are producing [goods], trying to not only meet demand, but also to rebuild inventories.

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