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Afterwards, he went to work for [[Wells Fargo]], where he was the [[chief economist]] and Executive Vice President. After working as President and CEO of Hanmi Financial Corp in [[Los Angeles]], Mr. Sohn is now working as CEO of a fashion company in the Los Angeles, California.
Afterwards, he went to work for [[Wells Fargo]], where he was the [[chief economist]] and Executive Vice President. After working as President and CEO of Hanmi Financial Corp in [[Los Angeles]], Mr. Sohn is now working as CEO of a fashion company in the Los Angeles, California.


On Wednesday, September 17, 2008 Sohn was quoted by the Associated Press: "The economy is not short of money, it is short of confidence". Considering the fact that the Federal Reserve creates "money" out of thin air (without the backing of any real commodity), this statement attributed to Sohn by the Associated Press, was not quite understood by skeptics of Sohn's expertise.
On Wednesday, September 17, 2008 Sohn was quoted by the Associated Press: "The economy is not short of money, it is short of confidence". Considering the fact that the Federal Reserve creates "money" out of thin air (without the backing of any real commodity), this statement attributed to Sohn, who was once (as stated above) a senior economist on the [[President's Council of Economic Advisors]] during the [[Richard Nixon|Nixon]] administration, where he was responsible for economic and legislative matters pertaining to the [[Federal Reserve]] and financial markets, was not quite understood by skeptics of Sohn's expertise.
==External links==
==External links==



Revision as of 04:07, 18 September 2008

Sung Won Sohn
NationalityKorean American
Alma materUniversity of Florida
University of Pittsburgh
Known forBeing a world renowned economist

Sung Won Sohn is a renowned Korean American economist. He was named one of the top five most accurate economic forecaster in 2001 by Bloomberg News. Sohn studied economics at the University of Florida and earned a Ph.D. in Economics from the University of Pittsburgh.

Sung Won Sohn was a senior economist on the President's Council of Economic Advisors during the Nixon administration, where he was responsible for economic and legislative matters pertaining to the Federal Reserve and financial markets.

Afterwards, he went to work for Wells Fargo, where he was the chief economist and Executive Vice President. After working as President and CEO of Hanmi Financial Corp in Los Angeles, Mr. Sohn is now working as CEO of a fashion company in the Los Angeles, California.

On Wednesday, September 17, 2008 Sohn was quoted by the Associated Press: "The economy is not short of money, it is short of confidence". Considering the fact that the Federal Reserve creates "money" out of thin air (without the backing of any real commodity), this statement attributed to Sohn, who was once (as stated above) a senior economist on the President's Council of Economic Advisors during the Nixon administration, where he was responsible for economic and legislative matters pertaining to the Federal Reserve and financial markets, was not quite understood by skeptics of Sohn's expertise.