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...
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.
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.
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.
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.
corporate cuts economic impact months tax until
The corporate tax cuts may not have an economic impact until months later.
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,