Sung Won Sohn Quotes

Without the terrorist attacks, we would be experiencing economic recovery in this quarter.

- Sung Won Sohn

Tags

Terrorist | Attacks | Experiencing | Economic | Recovery |

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We have probably hit the bottom in inventory liquidation, and hopefully we are actually now rebuilding inventory. - 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

The Fed is still likely to cut rates in August. Some of the more important measures [of economic strength], such as corporate profits, are moving in the wrong direction. The only real question is whether they'll cut a quarter percentage point or a half percentage point. - Sung Won Sohn