Meeting/Event Information

PDM - Economic Outlook for 2019

January 24, 2019
5:30 PM - 8:00 PM

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Gino's East South Barrington
45 S Barrington Rd
Barrington, IL 60010

Economic Outlook for 2019

Dr. Edward F. Stuart of Northeastern Illinois University, Presenter

When: Thursday, January 24, 2019, 5:30 pm - 8:00pm

Where: Gino's East South Barrington (formerly The Milrose)

Cost: $35 members; $45 non-members 
Food and parking included; Cash bar

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 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. 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 Barrington Rd), 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


$35.00 Member Ticket

$45.00 Non-Member Ticket