Sung Won Sohn Quotes

Manufacturing could be a key driver of economic growth in the future, as opposed to being a big drag as we've seen in the past... Even employment, which has been weak, should be coming around as demand continues to pick up steam.

- Sung Won Sohn

Tags

Manufacturing | Driver | Economic | Growth | Future |

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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

Inflation is not an issue right now. However, it could be in the future. The Fed will begin to worry about inflation because monetary policy affects the inflation rate with a lag of as much as 18 months to two years, so they need to worry about it now. - Sung Won Sohn

It's pretty clear that all the pieces for capital spending are in place, including rising sales, lower inventories and increases in shipments and orders... So, despite what CEOs say in public, there's no question that capital spending -- outside of aircraft and telecommunications -- has bottomed and is on the way up. - Sung Won Sohn