Sung Sohn
Sung Sohn
Sung Won Sohnis a Korean American economist, noted for his skill in economic forecasting. He is currently the Martin V. Smith Professor of Economics at California State University, Channel Islands...
economy ensure fed fuel inflation left measures preventive taking
There's so much liquidity in the economy right now that, left alone, it could become fuel for inflation, ... I can see the Fed taking preventive measures to ensure inflation doesn't become a problem.
bullish holiday people shopping
I'm not bullish on the holiday shopping season, but I'm not as bearish as some people have been.
economy housing next period turns worst year
If the economy turns up by next spring, we should see housing doing better by then, ... Between now and the end of the year will be the worst period for housing.
astray far mainstream people wrong
How so many people went so far astray from the mainstream and were wrong is probably unprecedented,
damaging financial further system unclear
It is unclear how much financial infrastructure has been damaged, ... At least temporarily, the financial system could be frozen, further damaging the economy.
election fed increase might position quarter rates time
By the time the election is over, the Fed might be in a position to increase rates more aggressively. In 2005, we might see rates going up more than a quarter (percentage point) every other month.
businesses capital consumers cost factor final sell waiting
Businesses are going to be waiting and seeing. The most important factor is how consumers behave, ... The cost of capital is important, but in the final analysis, you've got to sell products. If you're not going to sell products, you're not going to need capacity.
balance corporate economic generate growth healthy pieces political
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.
beginning begun business capital consumer cylinders economic growth improve inventory outside spending swings third
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.
beginning economy hold monetary move policy renewed september shows signs soft until
If the economy does not move out of the soft patch, monetary policy could be on hold beginning September until the economy shows signs of renewed strength.
fed might people raising rapidly slowly starts suspect
Once the Fed starts raising rates, I suspect they might go up more rapidly than a lot of people realize. Many of us think the Fed will do things slowly and gradually. In fact, they usually do things pretty quickly.
economic government point view work
It's not necessarily a negative, from the point of view of economic growth, ... Even in Washington, D.C., the government work will be made up.
based doubt inflation period pull sustained
I doubt that, just based on Friday's number, they'll pull the trigger. They'll want to see a sustained period of inflation before they do that.
assuming concern dollar fed good happen orderly raise rates taking
Dollar depreciation is good assuming it is taking place in an orderly manner. The concern is any precipitous plunge. If that were to happen the Fed would have to raise rates significantly.