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.
aid areas economic massive pump washington
Washington will pump massive amounts of aid into the Katrina-affected areas boosting economic activities.
affected bond business cut economic good heel perk yields
This cut ... won't do much good to perk up economic growth, ... Now, bond yields should be trending up. The Achilles' heel of the economy, business spending, won't be affected much by this cut.
continues current economic federal generate growth indicator payroll recovery reserve seems signs string sufficient supporting weak
This economic indicator continues the string of statistical signs supporting the current Federal Reserve stance, ... The recovery seems to continue, but it is still too weak to generate sufficient payroll growth for inflationary pressure.
almost economic economy jobs per producing recovery terrible three
This is a terrible number. The economic recovery is almost three years old, and the economy should be producing 200,000 to 300,000 jobs per month.
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.
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.
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.
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,
economic government point view work
It's not necessarily a negative, from the point of view of economic growth, ... Even in Washington, D.C., the government work will be made up.
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.
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.
argue caution change economic economy expectation fourth hopefully lead looking numbers optimism quarter statement third
We're looking for the wording of the Fed's statement to change in an encouraging direction. The economic numbers would argue for more optimism than caution at this point, ... My expectation is that this economy will be sizzling in the third quarter and hopefully in the fourth quarter, and that should lead to more jobs.