January PDM - Economic Outlook
|Economic Outlook for 2018
|Dr. Edward F. Stuart
of Northeastern Illinois University, Presenter
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
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
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!