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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
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Pictures from China
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Students are the same
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Me and Chairman Mao
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The renminbi is weaker
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The Nature of the U.S. Economy
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Unemployment is coming down
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Inflation is under control
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The dollar is stronger
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But we still need more jobs!
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Prognosis
• Continued slow growth – no fiscal cliffs?
• Moderate inflation – Good news for U.S.
• Bad news for Texas.
• Interest rates remain low.
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Thank you for being a great group!
• Further communications: [email protected]
• 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.