There's every reason to have some concern there.
More Quotes from Ernie Goss:
For example, greater reliance on ethanol by the U.S. will make many areas in the region clear economic winners.Ernie Goss
Iowa's leisure and hospitality industry and manufacturing, both durable and nondurable, ended 2005 on a very strong economic note. On the other hand, Iowa's transportation sector and construction industry are beginning 2006 on a lackluster path.
Ernie Goss
I expect higher commodity prices and escalating short-term interest rates to push regional growth down significantly in the second half of 2006.
Ernie Goss
Manufacturing job losses in the second half of 2005 pushed Arkansas' overall job growth for the fourth quarter to zero. However, Arkansas firms ... benefiting from the opening of the Japanese and other Asian beef markets, and J.B. Hunt Transport, profiting from the U.S. economic expansion, will drive Arkansas job growth higher in the first half of 2006.
Ernie Goss
The 15 Fed rate hikes and higher energy prices, even with the warmer than expected winter weather, are having negative impacts on confidence among regional supply managers and business leaders.
Ernie Goss
It's going to be stronger in the first quarter and in the end of the second quarter. It's going to weaken as higher interest rates set in.
Ernie Goss
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