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...
affect auto business economy factors fall higher interest lay local people pick rates sales spending start state wrong
But if things start to go wrong -- if business spending doesn't pick up, or state and local governments lay off more people than anticipated, or auto sales fall off, or interest rates go much higher -- then a combination of these factors would really affect the economy going forward.
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.
close higher number overall somewhat
Probably the overall (CPI) number will be somewhat higher than anticipated, but like PPI, the core-number should be close to forecasts,
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.
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,
brutal detroit economy-and-economics energy losing ruled season shock winter
This summer's energy shock will cascade through the economy. A brutal winter heating season can't be ruled out. Detroit is losing steam,
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.
attack collected data economy fact knew numbers seems
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.
employment increases indicator key months three
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,
almost guess historic lead market rule stock time
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.
economic recovery terrorist
Without the terrorist attacks, we would be experiencing economic recovery in this quarter.