Sung Won Sohn Quotes

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

And now that the economy is improving, people have greater confidence to make purchases and build homes. - Sung Won Sohn

All the pieces are in place to generate healthy economic growth for the balance of the year... But so far, political and economic uncertainties have overshadowed the strengthening in corporate profits. - Sung Won Sohn

A slight decline should not change the picture that much... If you look at the fundamentals, despite all the negative news, consumers are in pretty good shape. The jobless rate is pretty low, and their net worth is going up because house prices going up. - Sung Won Sohn

A quarter-point cut [Tuesday] could weaken confidence by reinforcing pessimism in the market place... Instead, [Fed] Chairman Greenspan should stand pat, sending a positive message that economic recovery is in sight and no additional monetary stimulus is needed. - Sung Won Sohn

A booming economic condition would result. - Sung Won Sohn

[Michigan's] sample size is smaller, so it's more volatile than Conference Board numbers... I would view this more as a period of digesting all the spending they've done rather than a really significant setback in consumer spending. - Sung Won Sohn

[In a similar vein, the world is looking to the U.S. to lead a global recovery.] Clearly, the U.S. economy was and still is the locomotive pulling the world economy... All across Asia, Latin America, everywhere I go, they are looking to the United States for recovery. - Sung Won Sohn

[Fed] Chairman [Alan] Greenspan will have to act to boost confidence... Another cut at the Nov. 6 [Fed policy] meeting should not be ruled out, lowering the federal funds rate to 2.0 percent. Considering the weak economic outlook, the central bank will remain accommodative in the foreseeable future. - Sung Won Sohn

[Fed Chairman Alan] Greenspan would like to see employment gains of 150,000 or more jobs for a few months before dropping the words, 'considerable period'. - Sung Won Sohn

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