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...
gasoline notice pay
We notice it every day -- when we go to gasoline stations, we pay more,
demand fast increase industry problem process simply trying waiting
The problem is the bottleneck. The industry simply is not able to process the applications fast enough. They (homeowners) are trying to refinance...But the increase in demand will simply increase the waiting list.
adding boost businesses confidence economic employers employment expansion hire hours people per trying
Businesses have regained confidence in the sustainability of this economic expansion and have started to hire people in earnest. Employers are trying to boost employment by adding more workers, not more hours per worker.
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.
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.
assign attach exactly less normal people thinking
But give people more information, and we can incorporate it into our thinking process. We can attach and assign probabilities and then more or less go on with our normal lives. I think that's exactly what's unfolding.
consumer drop markets sharp
If they don't deliver, we could see a sharp sell-off in markets and a drop in consumer confidence,
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.
america brazil control gets latin rest
If this gets out of control all of Latin America could suffer. When Brazil sneezes, the rest of Latin America catches a cold.
chance economic stimulus taken
Right now I've taken (a stimulus package) out of my economic outlook, but there is still a chance that it will pass.
biggest economic layoffs mushroom ongoing whether
One of the biggest economic uncertainties is whether the ongoing layoffs will mushroom and spread,
businesses concern miss sales
My concern is that inventories are so low, some businesses will actually miss sales through stock-outs.
both jobs sent service time
More and more jobs, both manufacturing and service jobs are sent overseas; these jobs won't come back any time soon.
economy market maybe stock
Maybe the stock market bottomed on Sept. 21 and maybe the economy did the same.