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...
cuts economy economy-and-economics fastest government help likely money next spend step tax
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.
achilles baton business consumers economic heel needs pass spending
Business spending is the Achilles heel of the economy, ... The economic baton needs to pass from consumers to businesses.
accelerate america balance both business capital cause confidence consumer corporate cost desire financial higher hurt loss plans reduced reporting spending strengthen
The loss of confidence in the financial reporting of Corporate America could hurt both consumer and business spending, ... The reduced availability and higher cost of credit, as well as the desire to strengthen the balance sheet, could cause firms to postpone capital spending plans and accelerate layoffs.
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.
bedrock confidence consumer jobs spending
The bedrock of consumer spending and confidence is employment. The expectations of more jobs has boosted consumer confidence.
confidence consumer consumers economic higher keeping numbers rattle reasons ship spending though
That's one of the reasons why consumers are not going on a spending spree, though they're keeping the economic ship afloat. When higher unemployment numbers come out, that will probably rattle consumer confidence a bit.
aircraft capital ceos clear despite including increases lower outside pieces question rising shipments spending
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.
consumers continue spending
Consumers are not on a spending spree, but they continue to spend,
commercial drag economic execute expect growth housing spending takes time
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.
beyond deficit goes lead spending
If deficit spending goes well beyond 2005, 2006, 2007 or 2008, it will lead to crowding out,
backbone balance clearly consumers continue current economic growth support sustain tells
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.
fed possible quite raise turn
It's quite possible the Fed will have to turn around and raise rates.
discard fed financial free itself markets saying self word
If they keep the word, the financial markets will like that, because the Fed has put itself in a self-imposed box. If they discard the word measured, they'll be saying they're free to do what they want.
stopped television terror watching
Immediately after the terror attacks, we were shell-shocked and stopped doing everything but watching television,