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...
corporate cuts economic impact months tax until
The corporate tax cuts may not have an economic impact until months later.
coming confidence cuts gains high job negatives offset remains sales
That's why confidence is important. If it remains healthy, gains in sales will be high enough to offset the negatives coming from job cuts. It's a tug-of-war; right now, job cuts are winning.
appreciation assuming cuts dollar full inflation percentage strength
For every 10-percent appreciation in the dollar, it cuts inflation by one full percentage point, assuming the strength of the dollar is sustained,
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.
august cuts earlier economy fed good next overdoing tax worry
Hopefully, by August (when the Fed next meets), we should have a pretty good idea that the economy is expanding. A tax rebate and earlier cuts will be working. If the Fed cuts in August, we will worry more about them overdoing it.
affects begin fed future inflation issue monetary months policy rate worry
Inflation is not an issue right now. However, it could be in the future. The Fed will begin to worry about inflation because monetary policy affects the inflation rate with a lag of as much as 18 months to two years, so they need to worry about it now.
stopped television terror watching
Immediately after the terror attacks, we were shell-shocked and stopped doing everything but watching television,
bedrock confidence consumer jobs spending
The bedrock of consumer spending and confidence is employment. The expectations of more jobs has boosted consumer confidence.
fed might people raising rapidly slowly starts suspect
Once the Fed starts raising rates, I suspect they might go up more rapidly than a lot of people realize. Many of us think the Fed will do things slowly and gradually. In fact, they usually do things pretty quickly.
consumer employment picture rapid recovery sustained
Once the employment picture stabilizes, around midyear, we should see a more rapid and sustained recovery in consumer confidence.
bullish holiday people shopping
I'm not bullish on the holiday shopping season, but I'm not as bearish as some people have been.
revision sure surprised
I'm not sure we will see a big revision in February; I won't be surprised if we do not.
august bank cautious central deviate fed interest policy raise rate reason until
There is no reason for the Fed to deviate away from the cautious policy approach, ... The central bank won't raise the interest rate until August or later.
month temporary
This was a temporary pause, which has already been reversed in the month of September,