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...
aggressive market
I think the aggressive expectations of the market are not going to be met.
advantage boils continuing fence housing jumping low mortgage people rates sitting
It boils down to housing affordability; mortgage rates have risen, but they're still historically very low, ... We're continuing to see people who had been sitting on the fence jumping in to take advantage of these low rates before they go back up.
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.
breakdown buying crises economic few generally gulf lasting looking market matter nervous political president stock
Historically, economic and political crises have been buying opportunities. Looking at 17 crises, ranging from President Wilson's nervous breakdown to the Gulf War, the stock market setback generally has been a short-term matter lasting no more than a few months.
bet cut expect report sometime sure
Had this report showed another plunge in confidence, then I think it would have been a sure bet to expect another cut sometime in April,
almost best indicator monetary perfect rate research shows
Our research shows the jobless rate is the best indicator of monetary policy, ... They have almost perfect correlation.
basis continuing greenspan hiking improved interest labor market months peak rate sure waited
Greenspan has to make sure the labor market has improved on a continuing basis before he can even think about hiking interest rates. For example, in 1992, he waited 17 months after the peak of the unemployment rate before hiking interest rates.
coming continues demand drag driver economic future growth key opposed pick seen
Manufacturing could be a key driver of economic growth in the future, as opposed to being a big drag as we've seen in the past, ... Even employment, which has been weak, should be coming around as demand continues to pick up steam.
gasoline notice pay
We notice it every day -- when we go to gasoline stations, we pay more,
calls fourth given larger likely range scenario slow start third
Without a doubt, there will be a contraction in the third quarter's GDP of approximately 0.9 percent, ... Given the slow start in October, the most likely scenario calls for a larger contraction in the 2.8-percent range in the fourth quarter.
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.
businesses demand higher hire hiring increase people production
I don't think businesses will hire more people in anticipation of higher demand. They want to see demand first. They feel they have the flexibility to increase production without hiring people.
beyond deficit goes lead spending
If deficit spending goes well beyond 2005, 2006, 2007 or 2008, it will lead to crowding out,
astray far mainstream people wrong
How so many people went so far astray from the mainstream and were wrong is probably unprecedented,