125 Quotes by Sung Sohn

The point is that mounting layoffs and weak consumer confidence will keep consumer spending fairly weak.

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

Until and unless there are significant increases in jobs over a period, tighter monetary policy is out of the question.

Clearly, the labor market is improving, and this should translate into more jobs in the future,

We've been able to have our cake and eat it too -- satisfy our demand for goods and services and at lower prices,

Clearly, the economic fundamentals of monetary and fiscal policies, as well as the falling value of the dollar, support a recovery. What we're not sure of is how strong the recovery is going to be.

We're going to get an economic boost from not only production, but from inventory buildup during the current quarter, and probably for the balance of this year.

Clearly, as a betting man, I would have to say the probability of a recession has gone up significantly,

What's lacking is confidence, so businesses aren't spending the money they have, ... That's why I don't necessarily think it takes a huge fiscal stimulus package to get the economy moving.