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.