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Macroeconomics and a Report From China
Dr. Edward F. Stuart Emeritus Professor of Economics and
International/Intercultural Studies Northeastern Illinois Univesity
APICS – 15 January 2014
Pictures from China
Students are the same
Me and Chairman Mao
The renminbi is weaker
The Nature of the U.S. Economy
Unemployment is coming down
Inflation is under control
The dollar is stronger
But we still need more jobs!
Prognosis
• Continued slow growth – no fiscal cliffs?
• Moderate inflation – Good news for U.S.
• Bad news for Texas.
• Interest rates remain low.
Thank you for being a great group!
• Further communications: efstuart@neiu.edu
• Recommended Readings: • “Capital in the Twenty First Century” Thomas
Piketty. The Belknap Press of Harvard University Press. 2014.
• “Economics: The User’s Guide” Ha-Joon Chang.
Pelican Books. 2014.
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