We've been able to have our cake and eat it too -- satisfy our demand for goods and services and at lower prices,
More Quotes from Sung Sohn:
The central bank put itself in a box with the top lid open so that it can change its policy quickly in response to changing economic conditions.Sung Sohn
All the pieces are in place to generate healthy economic growth for the balance of the year, ... But so far, political and economic uncertainties have overshadowed the strengthening in corporate profits.
Sung Sohn
I think we should know about candidates' desires and views, but I think it would be a mistake to assume that they will become reality.
Sung Sohn
Hopefully, by August (when the Fed next meets), we should have a pretty good idea that the economy is expanding. A tax rebate and earlier cuts will be working. If the Fed cuts in August, we will worry more about them overdoing it.
Sung Sohn
Inventories really being run down to ground, but that means that any increase in demand in the future will be translated into more production and jobs. We're feeling the pain right now, but it means we're more likely to get economic growth starting early next year.
Sung Sohn
Businesses are going to be waiting and seeing. The most important factor is how consumers behave, ... The cost of capital is important, but in the final analysis, you've got to sell products. If you're not going to sell products, you're not going to need capacity.
Sung Sohn
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