In the summertime, we have a lot of plant shutdowns, especially in the auto industry. Despite that, we saw a drop in initial claims, ... That's indicating that the employment market has not only stabilized, but has begun to improve slightly. - Sung Sohn Quotes
In the summertime, we have a lot of plant shutdowns, especially in the auto industry. Despite that, we saw a drop in initial claims, ... That's indicating that the employment market has not only stabilized, but has begun to improve slightly. Sung Sohn
 

More - Sung Sohn Quotes

It boils down to housing affordability; mortgage rates have risen, but they're still historically very low, ... We're continuing to see people who had been sitting on the fence jumping in to take advantage of these low rates before they go back up. - Sung Sohn Quotes

It boils down to housing affordability; mortgage rates have risen, but they're still historically very low, ... We're continuing to see people who had been sitting on the fence jumping in to take advantage of these low rates before they go back up.

Sung Sohn

 
If prices remain where they are, and the rest of the economy performs well, that won't be the end of the world, - Sung Sohn Quotes

If prices remain where they are, and the rest of the economy performs well, that won't be the end of the world,

Sung Sohn

 Economy
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. - Sung Sohn Quotes

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.

Sung Sohn

 Anticipation
If oil goes to $50 a barrel, I think we're talking about 3 percent economic growth, rather than 4 percent growth, possibly. And the jobless rate could actually go up, not down, because the long-term potential economic growth rate is actually 3.5 percent -- we could actually be falling below potential. - Sung Sohn Quotes

If oil goes to $50 a barrel, I think we're talking about 3 percent economic growth, rather than 4 percent growth, possibly. And the jobless rate could actually go up, not down, because the long-term potential economic growth rate is actually 3.5 percent -- we could actually be falling below potential.

Sung Sohn

 Growth
If there were a bubble in California and if it were to burst, that would be a national economic catastrophe. - Sung Sohn Quotes

If there were a bubble in California and if it were to burst, that would be a national economic catastrophe.

Sung Sohn

 
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. - Sung Sohn Quotes

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.

Sung Sohn

 Future
Consumers are not on a spending spree, but they continue to spend, - Sung Sohn Quotes

Consumers are not on a spending spree, but they continue to spend,

Sung Sohn

 Consumers
Argentina is not a potential nightmare. It's a relatively small economy compared to Mexico and Brazil. - Sung Sohn Quotes

Argentina is not a potential nightmare. It's a relatively small economy compared to Mexico and Brazil.

Sung Sohn

 
Argentina is not a potential nightmare. It's a relatively small economy compared to Mexico and Brazil. - Sung Sohn Quotes

Argentina is not a potential nightmare. It's a relatively small economy compared to Mexico and Brazil.

Sung Sohn

 
The deflation concerns give ammunition to the president's tax cut, - Sung Sohn Quotes

The deflation concerns give ammunition to the president's tax cut,

Sung Sohn

 Ammunition
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