The Morning Kickoff
Tuesday, September 28, 2021 | 8:00am
Christopher Thornberg founded Beacon Economics LLC in 2006. Under his leadership the firm has become one of the most respected research organizations in California serving public and private sector clients across the United States. In 2015, Dr. Thornberg also became Director of the UC Riverside School of Business Center for Economic Forecasting and Development and an Adjunct Professor at the School.
An expert in economic and revenue forecasting, regional economics, economic policy, and labor and real estate markets, Dr. Thornberg has consulted for private industry, cities, counties, and public agencies. He became nationally known for forecasting the subprime mortgage market crash that began in 2007, and was one of the few economists on record to predict the global economic recession that followed. Dr. Thornberg holds a Ph.D in Business Economics from The Anderson School at UCLA, and a B.S. degree in Business Administration from the State University of New York at Buffalo.
The Covid Recovery: Will the Real Economy Please Stand Up?
At a pivotal moment in U.S. and California economic history, Beacon Economics’ Founding Partner Dr. Christopher Thornberg will present a comprehensive forecast for the post-pandemic economy.
With output in the nation already higher than it was prior to the COVID crisis, and with some sectors booming, the pandemic recession has been one of deepest but shortest on record. Still, both challenges and opportunities lie ahead. The labor market remains well behind and the massive Federal stimulus doesn’t come free – possibly introducing dangerous instabilities including inflation, asset bubbles, and serious fiscal budget challenges into the future. How fast will we return to a stable, long-run trend?
Dr. Thornberg will present a thorough look at the near-term direction of key economic indicators such as commercial and residential real estate markets, employment/unemployment, consumer spending, bankruptcies, business activity, personal income, international trade, and GDP growth.