Sung Won Sohn Quotes

Without the terrorist attacks, we would be experiencing economic recovery in this quarter. - Sung Won Sohn

Without a doubt, there will be a contraction in the third quarter's GDP of approximately 0.9 percent... Given the slow start in October, the most likely scenario calls for a larger contraction in the 2.8-percent range in the fourth quarter. - Sung Won Sohn

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. - Sung Won Sohn

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

We're still losing jobs, but the rate of loss is expected to slow... That, hopefully, will be viewed that the economy is starting to improve. - Sung Won Sohn

We're looking for the wording of the Fed's statement to change in an encouraging direction. The economic numbers would argue for more optimism than caution at this point... My expectation is that this economy will be sizzling in the third quarter and hopefully in the fourth quarter, and that should lead to more jobs. - Sung Won Sohn

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. - Sung Won Sohn

We notice it every day -- when we go to gasoline stations, we pay more. - Sung Won Sohn

We know inventories are probably somewhere near the bottom... Businesses are producing [goods], trying to not only meet demand, but also to rebuild inventories. - Sung Won Sohn

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. - Sung Won Sohn

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