In his monthly Mid-America Business Conditions Index Survey of supply managers, Creighton University Economics Professor, Ernie Goss, says he expects short term interest rates to rise in the months ahead, at least by another half -percent and long term interest rates to rise another percentage point. He thinks this could slow growth o the housing markets:
He adds that additional indicators of a potential recession would be if the yield on the 10-year treasury moves down between 2.5% and 2.6% from its current level, or if the employment number drops to 50,000 or below.
