That's why confidence is important. If it remains healthy, gains in sales will be high enough to offset the negatives coming from job cuts. It's a tug-of-war right now, job cuts are winning.
More Quotes from Sung 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 Sohn
The problem is that the stock market tends to predict downturns or upturns too early. The common joke is that the stock market predicted 11 out of the last nine recessions.
Sung Sohn
What's lacking is confidence, so businesses aren't spending the money they have, ... That's why I don't necessarily think it takes a huge fiscal stimulus package to get the economy moving.
Sung Sohn
I've spent the past couple of days in Washington, talking to people at the Federal Reserve and the White House Council of Economic Advisers, and this issue came up, ... The consensus seems to be that an unemployment rate representing full employment is somewhere between 5 and 5.5 percent.
Sung Sohn
In a similar vein, the world is looking to the U.S. to lead a global recovery. Clearly, the U.S. economy was and still is the locomotive pulling the world economy, ... All across Asia, Latin America, everywhere I go, they are looking to the United States for recovery.
Sung Sohn
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Based on Topics: Confidence Quotes, Health Quotes, Sales Quotes, Success QuotesBased on Keywords: tug-of-war
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