Christopher Thornberg, PhD, Founding Partner at Beacon Economics
Founding Partner, Beacon Economics
Christopher Thornberg has been called many things throughout his career, but his favorite thing to be called is correct. A renowned economist with deep expertise in economic and revenue forecasting, regional economics, economic policy, and labor and real estate markets, Dr. Thornberg has consulted globally 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. Amidst the 2020 Covid- 19 shock, Dr Thornberg correctly predicted the rapid “V” shaped economic recovery, the inflation that resulted from excessive government stimulus, as well as the sharp hikes in interest and mortgage rates currently impacting U.S. markets.
Well known for his ability to capture and hold audiences, Dr. Thornberg presents to hundreds of leading business, government, and nonprofit organizations every year. Audiences across the globe benefit from his singular insight, including NAIOP, CoreNet Global, Western Bankers Association, Association of Washington Business, Foreign Trade Association, Western Association of Chamber Executives, The Boeing Company, Kaiser Permanente, Zillow, Mountain America Credit Union, and the Federal Reserve Bank of San Francisco. In his data-rich economic outlooks, Dr. Thornberg illuminates national and local economic trends, and warns of danger when political narratives diverge from economic realities.
Dr. Thornberg’s trusted commentary and his evidence-based approach to economic policy analysis has built a legacy of correct calls and an ecosystem that includes some of the world’s most influential entities. Regardless of the audience, client, or project, Dr. Thornberg holds firmly to the principle of objective economic analysis, often saying that ‘you can pay for analysis, but you might not like the answers the data uncovers’.
Dr. Thornberg is a contributor to consensus economic forecasts published by the Wall Street Journal, Reuters, the National Association of Business Economists, and the Seidman Research Institute at Arizona State University. He also serves on the Board of Directors of the Los Angeles Area Chamber of Commerce, is an Executive Member of the Central City Association (Los Angeles), and is a member of the California Association for Local Economic Development.
Prior to launching Beacon Economics, Dr. Thornberg was a senior economist with UCLA’s Anderson Forecast. He previously taught in the MBA program at UCLA’s Anderson School, in the Rady School of Business at UC San Diego, and at Thammasat University in Bangkok, Thailand. He has also held a faculty position in the economics department at Clemson University.
A well-known media commentator, Dr. Thornberg has appeared on all the major networks, CNN, NPR, and is regularly quoted in major national dailies including the Wall Street Journal, New York Times, and Los Angeles Times.
Originally from upstate New York, 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.
Join us for 'Economic Horizon 2024: What Lies Ahead, Inland Empire?', a transformative conference hosted by the Inland Empire Regional Chamber of Commerce, in partnership with Beacon Economics and the County of San Bernardino. We're thrilled to present this power-packed event, offering insights, innovations, and opportunities that reveal our region's current and future economic landscape.
We're honored to have Dr. Christopher Thornberg, a respected economist and Founder of Beacon Economics, guiding us through a clear-eyed look at where the national and Inland Empire economies are trending.
Is the economy going to slow down or speed up?
Why has the much predicted economic recession not shown up? Will it in 2024?
Is there going to be a 'soft landing' from the recent interest rate hikes? Or could the Fed still drive us towards a crash?
What do the national trends mean for the Inland Empire's economy?
Are any of the region's major industries expected to soar or flatten in the next year?
Will limited inventory keep Inland Empire home prices steady, or inching upwards?
Known for his ability to translate complex economic data into useful insights (with a good dose of humor and fun!), Dr. Thornberg will provide us with a meaningful understanding of where our local economy is headed next. Q&A will be included!
A highlight of our event will be the keynote address by the California State Treasurer, Fiona Ma. As a forceful advocate for California's economic health and growth, Treasurer Ma will shed light on the broader state-level economic context, the opportunities it presents for our region, and share her vision for the future of California's economy.
This event serves as an incredible opportunity for business leaders, entrepreneurs, policymakers, and community stakeholders to gain a deeper understanding of the dynamics that shape the Inland Empire economy. Attendees will have the chance to network with like-minded individuals, engage in thought-provoking discussions, and leverage knowledge to navigate the ever-evolving business environment.
'Economic Horizon 2024' is not just an economic update, but a glimpse into the future, a gateway to success, and an invitation to be part of the journey of shaping the Inland Empire's prosperous future.
Fiona Ma is California's 34th State Treasurer. She was elected on November 6, 2018 with more votes (7,825,587) than any other candidate for treasurer in the state's history. She is the first woman of color and the first woman Certified Public Accountant (CPA) elected to the position. The State Treasurer's Office was created in the California Constitution in 1849. It provides financing for schools, roads, housing, recycling and waste management, hospitals, public facilities, and other crucial infrastructure projects that better the lives of residents.
California is the world's fifth-largest economy and Treasurer Ma is the state's primary banker. Her office processes more than $2 trillion in payments within a typical year. She provides transparency and oversight for the government's investment portfolio and accounts, as well as for the state's surplus funds. Treasurer Ma oversees an investment portfolio of more than $102 billion, approximately $20 billion of which are local government funds. She serves as agent for sale for all State bonds, and is trustee on over $100 billion of outstanding debt.