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Americans raid savings to maintain spending

...This low savings rate doesn't augur very well for economic growth in the future," said economist Sung Won Sohn of Norwest Corp. in Minneapolis. "It puts a limit on how fast we can spend. ... We are spending a lot of money. It cannot continue...

http://chronicle.augusta.com/stories/1998/11/03/bus_243629.shtml
Business
Would interest rate cut slow economic troubles?

...deteriorating global economic situation. But it isn't a magic bullet," said Sung Won Sohn, chief economist at Norwest Corp. in Minneapolis. Emphasizing the urgency, international authorities were busy working behind the scenes on a rescue...

http://chronicle.augusta.com/stories/1998/09/29/bus_240332.shtml
Business
Economists: Growth will slow

...the months ahead. "Economic growth is going to slow in the coming months," said Sung Won Sohn, chief economist at Norwest Corp. in Minneapolis. "But no recession is really imminent." The Conference Board's Index of Leading Economic Indicators...

http://chronicle.augusta.com/stories/1998/10/01/bus_240517.shtml
Business
Consumer confidence falls in July

...analysts' had expected. "Consumer confidence is still high and strong," said Sung Won Sohn, chief economist at Norwest Corp. in Minneapolis. "But when things are so good, people have a tendency to think that it can't get much better and...

http://chronicle.augusta.com/stories/1998/07/29/bus_234541.shtml
Business
Global financial crisis drags down world economies

...and Western Europe have been spared. "We are close to a global recession," said Sung Won Sohn, chief economist at Norwest Corp. in Minneapolis, giving the odds as 50-50 of a worldwide downturn in the next couple of years. "The United States...

http://chronicle.augusta.com/stories/1998/10/03/bus_240719.shtml
Business
Greenspan: Asian crisis could slow economy

...friend of the financial markets today. What he said was music to our ears," said Sung Won Sohn, chief economist at Norwest Corp. in Minneapolis. The Dow Jones industrial average moved above 8,000 for the first time since early January before...

http://chronicle.augusta.com/stories/1998/01/30/bus_221538.shtml
Business
Fed chief says overseas turmoil will dampen U.S. growth

...Tuesday's close. "He's probably implying there could be more cuts to come," said economist Sung Won Sohn of Norwest Corp. in Minneapolis. "The Fed will cut interest rates again and again. .. Between now and next spring I wouldn't...

http://chronicle.augusta.com/stories/1998/10/08/bus_241208.shtml
Business
Experts criticize tax cuts

...76 billion that would be pumped into the economy. "I think that's peanuts," Sung Won Sohn, chief economist at Norwest Corp. in Minneapolis, said of the tax cut. "Consumers are likely to save rather than spend it because of pessimism...

http://chronicle.augusta.com/stories/1998/04/10/bus_225800.shtml
Business
Wall Street `scared to death' about interest rate hike effects

...and it is likely to trigger more swoons. "The market is scared to death," said Sung Won Sohn, chief economist at Norwest Corp. in Minneapolis. "The worry is that economic growth, inflation and interest rates will all be higher than we had...

http://chronicle.augusta.com/stories/1997/03/30/biz_206068.shtml
XXX Bizarre
A bond by any other name may not be worth investing in

...and credit of the U.S. government. "Not all bonds are created equal," said Sung won Sohn, chief economist at Norwest Corp. in Minneapolis. "You have to be the most beautiful, and here the second or third runners-up don't count. If...

http://chronicle.augusta.com/stories/1998/10/25/bus_242800.shtml
Business