Understanding the Complexities of Inflation
The economy has continued to see relatively high inflation, an increase in the federal funds rate, a decline in stock market, and relatively low levels of unemployment.
U.S. Starts Fiscal Year with Record $31 Trillion in Debt
Sung Won Sohn, an economics professor at Loyola Marymount University, said “it took this nation 200 years to pile up its first trillion dollars in national debt, and since the pandemic we have been…
Inflation Is Easing, But Electricity Prices Continue to Rise. Here’s Why
“The flow of energy from Russia to Europe will be reduced significantly. The slowing economic growth here and abroad will soften demand somewhat but not enough to cut the price of energy significantly on…
Is Inflation Coming Down? What Falling Gas Prices Mean for Economy
However, James Devine, an economics professor at Loyola Marymount University, said that while falling gas prices will help reduce CPI inflation, it won’t impact the core inflation rate, which is what the Fed uses…
Inflation Poses a ‘Clear and Present Danger,’ Says Manchin: Economists Weigh in on How It Can Hurt and Help Consumers
Consumers with fixed-rate mortgages and other loans that don’t fluctuate based on prevailing interest rates may have an easier time paying those preexisting debts, especially if their wages are exceeding rising prices broadly, according…
$100 to Fill Gas Tank in L.A.: Are Oil Companies Taking Advantage?
Loyola Marymount University Professor Sung Won Sohn says high gas prices are due to a “four-legged stool”: supply, demand, taxes, and regulations.
California Proposes Tax Rebates to Offset High Fuel Costs
“We all support environmental regulations, but at the same time, we want cheap gasoline, which is not possible,” said Sung Won Sohn, professor of finance and economics at Loyola Marymount University. “You can’t have your cake and eat it too.”
