Sung Sohn Consumer Quotations

The point is that mounting layoffs and weak consumer confidence will keep consumer spending fairly weak.

If they don't deliver, we could see a sharp sell-off in markets and a drop in consumer confidence,

Both consumer and business confidence is depressed because of uncertainty surrounding the war, ... If we can somehow bring closure to the war situation, I would expect confidence to improve dramatically, taking with it the economy and the stock market.

The third cylinder of economic growth is beginning to fire, ... The other two cylinders are inventory swings and consumer spending. Outside of telecommunications and airplanes, business capital spending has begun to improve already, beginning in the first quarter.

Consumer demand has been tapped out, so we won't see a major thrust there, ... We're really counting on this replacement demand, especially in the high-tech area.

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.

The bedrock of consumer spending and confidence is employment. The expectations of more jobs has boosted consumer confidence.

Once the employment picture stabilizes, around midyear, we should see a more rapid and sustained recovery in consumer confidence.

The loss of confidence in the financial reporting of Corporate America could hurt both consumer and business spending, ... The reduced availability and higher cost of credit, as well as the desire to strengthen the balance sheet, could cause firms to postpone capital spending plans and accelerate layoffs.