125 Quotes by Sung Sohn
- Author Sung Sohn
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I doubt that, just based on Friday's number, they'll pull the trigger. They'll want to see a sustained period of inflation before they do that.
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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.
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My concern is that inventories are so low, some businesses will actually miss sales through stock-outs.
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More and more jobs, both manufacturing and service jobs are sent overseas; these jobs won't come back any time soon.
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If deficit spending goes well beyond 2005, 2006, 2007 or 2008, it will lead to crowding out,
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Maybe the stock market bottomed on Sept. 21 and maybe the economy did the same.
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How so many people went so far astray from the mainstream and were wrong is probably unprecedented,
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Right now I've taken (a stimulus package) out of my economic outlook, but there is still a chance that it will pass.
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And now that the economy is improving, people have greater confidence to make purchases and build homes.
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