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Letter "S" » Sung Won Sohn Quotes
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«If it weren't for the terror attacks, we would have avoided a recession, and [Fed] Chairman Greenspan would have been credited for another soft landing. Given the information the Fed had in 1999 and 2000, they did the right things.»
Author: Sung Won Sohn
«Argentina is not a potential nightmare. It's a relatively small economy compared to Mexico and Brazil.»
Author: Sung Won Sohn
«Right now I've taken (a stimulus package) out of my economic outlook, but there is still a chance that it will pass.»
Author: Sung Won Sohn
«Once the Fed starts raising rates, I suspect they might go up more rapidly than a lot of people realize. Many of us think the Fed will do things slowly and gradually. In fact, they usually do things pretty quickly.»
Author: Sung Won Sohn
«That's one of the reasons why consumers are not going on a spending spree, though they're keeping the economic ship afloat. When higher unemployment numbers come out, that will probably rattle consumer confidence a bit.»
Author: 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.»
Author: Sung Won Sohn
«The pause in economic growth and the drop in confidence will probably cause the Fed to tighten later rather than sooner. The earliest I can see them tightening is the end of June, and they could quite possibly wait until August.»
Author: Sung Won Sohn
«Greenspan has to make sure the labor market has improved on a continuing basis before he can even think about hiking interest rates. For example, in 1992, he waited 17 months after the peak of the unemployment rate before hiking interest rates.»
Author: Sung Won Sohn
«The productivity gains have been stunning.»
Author: Sung Won Sohn
«For a while, everybody thought there would be no increase until year-end. They may hike rates sooner than we realize.»
Author: Sung Won Sohn
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