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 expected jobs losing loss rate starting viewed
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.
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We're looking for the wording of the Fed's statement to change in an encouraging direction. The economic numbers would argue for more optimism than caution at this point, ... My expectation is that this economy will be sizzling in the third quarter and hopefully in the fourth quarter, and that should lead to more jobs.
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We're going to get an economic boost from not only production, but from inventory buildup during the current quarter, and probably for the balance of this year.
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Unless the labor market gains some steam and momentum, both real income and confidence of consumers would be hurt.
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The point is that mounting layoffs and weak consumer confidence will keep consumer spending fairly weak.
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We have probably hit the bottom in inventory liquidation, and hopefully we are actually now rebuilding inventory,
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Argentina is not a potential nightmare. It's a relatively small economy compared to Mexico and Brazil.
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The economy fired on all cylinders in January.
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If you want to really help the economy right away, the fastest way to do that is to have the government spend the money itself, ... The next step would be to give tax cuts to low- and middle-income people, who are more likely to spend the money.
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The economy and the job market are not out of the woods yet,
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If prices remain where they are, and the rest of the economy performs well, that won't be the end of the world,
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Maybe the stock market bottomed on Sept. 21 and maybe the economy did the same.
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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.
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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.