January PDM - Economic Outlook
|Economic Outlook for 2019
|Dr. Edward F. Stuart
of Northeastern Illinois University, Presenter
Join us for this First Event of the New Year
Economic Outlook 2019
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
24, 2019, 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 2019 may hold in store.
Love it or hate it, 2018 has been a year of
Trumponomics - Tax Cuts, especially for businesses, deregulation, and tariffs --
The DJIA is trading around 25,000, GDP growth was at 4.1% in the second quarter,
and unemployment below 4.0%. What will this mean for 2019? Will tax
reductions further stimulate the economy, or will they prove to be only a
windfall for the wealthy? Will deregulation, such as on auto emissions help
control consumer prices, or will they create other areas of cost such as
healthcare issues/expenses associated with poor air quality? Will tariffs
correct trade imbalances and create more open level markets for US goods, or will the
tariffs impose a form of tax on American consumers. and/or shift the buying
habits of other countries away from American goods and commodities?
Additionally, will world markets, or international issues such as Brexit, 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 control inflation, or should the Fed curtail rate
hikes in an attempt to stimulate additional growth?"
This year, possibly more than
ever, the debate over economic policy has become as much about political
policies as it has been about economic forces.
No matter the point-of-view, just as in past years, 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, what economic good can we expect
deregulation to provide? Will tariffs fix trade deficits, and should fixing
trade deficits be a primary policy goal? Will new tax rates provide an ongoing
economic stimulus, or are they only a one-time bump? Beyond tariff related
concerns, how will other global
dynamics affect the U.S. Economy in 2019?
Therefore, going into 2019 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 2019 - 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 the
WTTW program, Chicago Tonight, where Dr. Stuart 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. This past March, Dr. Stuart
completed his audio /
video course, Capitalism vs. Socialism: Comparing Economic Systems, which has become
available for download from The Great Courses.
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
Gino's East, formerly The Millrose, 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!