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LAS VEGAS — Dr. Peter Navarro gave ACUMA’s Fall Leadership Conference attendees a lesson in Do-It-Yourself Economics.

Navarro, associate professor of economics and public policy at the University of California, Irvine, Paul Merage School of Business, likened it to the “learn to fish” analogy. “If you teach a man to forecast, you feed him for a lifetime,” he joked. A lifetime of understanding the rate of growth in real GDP (which allows one to understand the business cycle, which is linked to the interest rate cycle) may seem esoteric for many, but isn’t as nerdy as it seems, given the reality of making mortgage payments. The impact can be very personal, and CU mortgage officials here were deeply interested in Navarro’s plain-speaking presentation.

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