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...
boat both business businesses caution competition continuing domestic employees facing few focused foreign gains hiring reflecting report slow
This report is a slow boat to China, reflecting continuing business caution about hiring people. Facing unprecedented competition from both domestic and foreign sources, businesses are still focused on productivity gains with as few employees as possible.
both bring business closure confidence consumer depressed economy expect improve somehow stock taking war
Both consumer and business confidence is depressed because of uncertainty surrounding the war, ... If we can somehow bring closure to the war situation, I would expect confidence to improve dramatically, taking with it the economy and the stock market.
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.
both confidence consumers gains income labor market steam unless
Unless the labor market gains some steam and momentum, both real income and confidence of consumers would be hurt.
both call economists meaning works
This is what economists call a simultaneous process, meaning that it works both ways.
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.
coffin faster implies interest nail rates
This really was the nail in the coffin for the Aug. 24 meeting. I think it implies interest rates will go up faster in the future.
coffin faster implies interest nail rates
This really was the nail in the coffin for the Aug. 24 meeting, ... I think it implies interest rates will go up faster in the future.
continues deeper shows
This shows manufacturing continues to get deeper into recession,
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This summer's energy shock will cascade through the economy. A brutal winter heating season can't be ruled out. Detroit is losing steam,
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We knew the data collected after the attack was going to be weak, but I was a little dumbfounded by the fact that the numbers even before the attack were awfully weak, ... Even before the attack, the economy seems to have relapsed into the doldrums.
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To me, the key indicator is employment. We need to see at least three months of pretty hefty increases in employment before we'll be able to say we're out of woods,
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This time around, my guess is that the lead may end up being shorter than the historic average, ... I wouldn't rule out the possibility of the stock market being an almost coincident indicator.
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Without the terrorist attacks, we would be experiencing economic recovery in this quarter.