Sung Won Sohn Quotes

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

Tags

Doubt | Contraction | Approximately | Percent | Slow |

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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

The jobless rate is the best indicator of monetary policy... The Fed keeps cutting rates as long as the jobless rate goes up. This time around is really no exception. - Sung Won Sohn

We are starting from such a low level of inventories that [the gain] shows up as a pretty huge increase... But if you look at the level compared to ... expected sales, inventories are still much much too low. - Sung Won Sohn