January PDM - Economic Outlook
Economic Outlook for 2018
Dr. Edward F. Stuart of Northeastern Illinois University, Presenter
When   Thursday, January 25, 2018
Time   5:30pm (cash bar) 6:45pm (Dinner) 7:15pm (Speaker)
Where Gino's East South Barrington (formerly The Millrose)
Cost   $35.00
Registration   Sign-up on-line now!

Join us for this First Event of the New Year
          Economic Outlook 2018

The New Year beckons and it is time once again for the annual Economic Outlook dinner meeting at the Gino's East (formerly The Millrose Brewing Company) in South Barrington. Join us on Thursday, January 25, 2018, in what has become a much appreciated annual tradition, when our respected speaker, Dr. Edward F. Stuart from Northeastern Illinois University, will again provide his informative and entertaining take on current economic activity, and on some of what 2018 may hold in store.

2017 has been a year of change. A change in administrations, with political issues seeming to dominate each news cycle, while unemployment continues to drop, and the stock market continues to show gains. What will this mean for 2018? Will tax reform and infrastructure spending become realities that drive the US Economy to new heights, or will the Economy be weighted down by debt and deficits? Will world markets throw our Economy a curve, or will the U.S. Economy be the stabilizing factor across markets? And what about more traditional concerns such as: "Should the Fed raise interest rates in an effort to further stimulate growth and control inflation, and if so, how much and when?"; "Will the new Chairperson at the Fed make other changes that cause a ripple in the marketplace?"; "Will GDP be able to rise above 2-2.5%?".

Given earnings performance, is the economy in large performing below, at, or above expectations. As in past, debates and discussions on moving forward in terms of both central bank intervention and government policy instrumentality form the classic yin-yang between monetary policy advocates and their fiscal policy counterparts. And once again, it is unclear as to who is correct and as to what should be done. Dr. Stuart has famously said, "We’re always in uncharted territory in Macroeconomics,"  but given that decisions have to be made, and will be made, what should we be looking for - even in uncharted waters, what should we use as a guiding star? Specifically, will any changes at the Fed be directionally good? Increase spending or decrease debt? More taxes/Less taxes? -- on who, and how much? and what does doing any of these things mean for businesses, working individuals, and retirees?

In addition to domestic economic policy, and even during our Administration's focus on "Making America Great Again", the U.S. is still part of, and player in, a global economy. Many of our international economic policy decisions are also wrapped in political considerations - trade with China in particular, along with other considerations such as Brexit. How will global dynamics affect the U.S. Economy in 2018?  Therefore, going into 2018 we, once again, turn to Dr. Stuart to provide guidance on the affects that the U.S. internal economic forces will have in combination with global economic machinations. As in past years, Dr. Stuart will of course have a full 45 minutes to define the current economic situation, and provide an outlook for 2018 - explaining his conclusions while cutting through Fed-speak, political hyperbole, and Economic calculus.

Currently, Dr. Edward F. Stuart, Professor Emeritus, Economics, Northeastern Illinois University (NEIU) teaches classes at Northeastern Illinois University where he joined the Economics Department in 1986, Loyola University of Chicago, and the Stuart School of Business (no relation) at the Illinois Institute of Technology. You may recognize Dr. Stuart from WGN news or WTTW where he is often called on to provide expert background on economic issues.

Dr. Stuart earned his Ph.D. in Economics at the University of Oklahoma where his specialties were International Economics and Russian Studies. Dr. Stuart led his first trip to the Soviet Union in 1985 and has since led several student trips to Russia and Europe . Dr. Stuart has participated in educational conferences in Russia, was a Guest Professor at the Urals State Pedagogical University in Katerinburg, Russia, was a  Guest Professor at Salzburg College in Salzburg, Austria, as well as having been a Guest Professor in China in 2016.

Northeastern Illinois University (NEIU) is a fully accredited public university offering over 70 undergraduate and graduate programs/majors. Located in a residential neighborhood on the Northwest side of Chicago NEIU's main 67-acre campus serves over 12,000 commuter students and is among the most affordable and diverse public universities in Illinois. Since its founding in 1867 NEIU's has been living up to its motto which is, "Meeting the Demands for Quality Education in Illinois". Click Here for more information about NEIU.

Located just off I-90 at 45 Barrington Rd. in South Barrington (just north of the intersection of I-90 and Barrington Rd), The Millrose Restaurant is now Gino's East, which, while changing the menu, has retained the warm, rustic ambiance of the original location. Networking and registration will begin at 5:30 PM with dinner at approximately 6:45 PM and the presentation at approximately 7:15 PM.

Gain economic insights from one of the Chicago Areas highest rated Professors of Economics - Sign-up on-line now!