• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Economist says investors are being cautious

Economist says investors are being cautious

March 3, 2007 By admin

The ups-and-downs on Wall Street this week are making some investors skittish. Ernie Goss, an economist at Creighton University, says corporate investors are not pricing in much risk right now. Goss says risk was a big part of what happened in the China market earlier this week and then the U.S. market reacted.

Goss says "I don’t think our market was overpriced but, none the less, we may still see some downturns in the near term but overall our economy remains very healthy and our stock market will be healthy but again, there could be some losses in the weeks and months ahead." Goss says there is no way to determine what the outcome will be, but he adds, the market is not all doom and gloom.

Goss says "There could be some real downturns as money moves in and out of the market but in the long term there will be some real good investment opportunities. Sort of like when the price goes down in the department stores, a good time to buy but you could lose some money in the short term though." He says the housing market is really pulling the economy down right now and the loans that go along with it. Goss says there is a lot of money out there and some loans are very risky. He says both long and short-term interest rates remain very good and the job market remains strong.

Goss says "In terms of borrowing for individuals out there, it’s still good, except for some of the sub prime lenders who are going to be getting much more rigid in terms of loaning but overall the economy moves ahead. We’re going to see a pretty good job market and in this part of the nation, it’s all about ethanol and farm income." On the housing, Goss says it’s really a "buyer’s market," especially for first-time homeowners. He says interest rates are very competitive and down-payments are low.

Share this:

  • Facebook
  • Twitter

Filed Under: Business

Featured Stories

Bill would limit placement of solar arrays on farm ground

Marquette casino moving to land, leaving only 2 casino boats in Iowa

Reynolds signs her ‘school choice’ bill into law

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

TwitterFacebook
Tweets by RadioIowa

No coaching changes coming for Iowa football

Iowa State names new receivers coach

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC