{"id":203,"date":"2014-06-01T15:30:30","date_gmt":"2014-06-01T19:30:30","guid":{"rendered":"http:\/\/naroffeconomics.com\/?page_id=203"},"modified":"2014-06-01T22:46:07","modified_gmt":"2014-06-02T02:46:07","slug":"big-picture-economics","status":"publish","type":"page","link":"https:\/\/naroffeconomics.com\/?page_id=203","title":{"rendered":"Big Picture Economics"},"content":{"rendered":"

Big Picture Economics: How to Navigate the New Global Economy<\/strong><\/p>\n

A new book, from award-winning economist Joel Naroff and veteran journalist Ron Scherer, helps you understand the interconnections that make the economy work.<\/em><\/strong><\/p>\n

Hoboken, NJ<\/strong> (April 2014)\u00e2\u20ac\u201dAt times, the economy seems like a Times Square billboard with news headlines flashing in random patterns. Consider the disparate messages we hear regularly: Consumer spending is up. The value of the Chinese currency is artificially high. The stock market is down. The Federal Reserve is lowering interest rates. Congress is cutting spending. Panama is expanding the canal. It\u00e2\u20ac\u2122s hard to know what all of it means. And it definitely makes you wonder: What is the thread tying all of these factors together?<\/p>\n

Context<\/em> is the answer, say economist Joel Naroff and journalist Ron Scherer. In their new book, Big Picture Economics<\/a>: How to Navigate the New Global Economy <\/em>(Wiley, 2014, ISBN: 978-0-470-64181-1, $34.95), the authors show how understanding economic context\u00e2\u20ac\u201dyour own personal roadmap\u00e2\u20ac\u201dis important to everyone from truck drivers and mayors to the presidents of universities and entrepreneurs.<\/p>\n

\u00e2\u20ac\u0153Every sector of the economy\u00e2\u20ac\u201dthe consumer, business, the Federal Reserve, international trade, and government\u00e2\u20ac\u201dneeds to look at what\u00e2\u20ac\u2122s going on around them when they make critical decisions like buying new products, building new factories, hiking or lowering interest rates, or setting budget goals,\u00e2\u20ac\u009d says Naroff. \u00e2\u20ac\u0153Decoding the mysteries of a tumultuous economy is not easy, but our book can help people put the pieces together and form frameworks for future decision-making.\u00e2\u20ac\u009d<\/p>\n

With unique insight, a candid approach, and the expertise to back it up, the authors examine such diverse and seemingly unrelated events as the expansion of the Panama Canal, a Tex-Mex restaurant\u00e2\u20ac\u2122s menu change, and Americans cutting back on their healthcare spending, and show how they are linked to the changes coursing through the economy. Big Picture Economics<\/em> illustrates how context impacts decisions and decision-makers.<\/p>\n