Sung Won Sohn Quotes

The third cylinder of economic growth is beginning to fire... The other two cylinders are inventory swings and consumer spending. Outside of telecommunications and airplanes, business capital spending has begun to improve already, beginning in the first quarter.

- Sung Won Sohn

Tags

Cylinder | Economic | Growth | Beginning | Fire |

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Employment gains really haven't come from full-time workers. They're coming primarily from part-time, temporary help... Businesses are still trying to maintain flexibility by not hiring more expensive, full-time workers. That might be one of the reasons why we're seeing an increase in continued claims. - Sung Won Sohn

Even with significant employment gains, the central bank wants to see more inflation and pricing power. The fall election is another hurdle. No hike in the interest rate is likely in 2004. - Sung Won Sohn