Bruce Norris is joined this week by Christopher Thornberg. Dr. Thornberg is the founding partner of Beacon Economics, LLC and widely considered to be one of the nation’s leading economists. An expert in economic forecasting, regional economics, labor markets, economic policy, and industry and real estate analysis, he was one of the earliest and most adamant predictors of the sub-prime mortgage collapse and of the global economic recession that followed. In 2015, Dr. Thornberg was named California State Treasurer John Chiang’s council of economic advisors. He also serves on the advisory boards of Paulson and Company, Inc., one of Wall Street’s leading hedge funds and the Los Angeles area Chamber of Commerce, Southern California’s largest not-for-profit business federation. Recently he was appointed as executive director for the Center of Economic Forecasting and Economic Development at the UC Riverside School of Business Administration. The new center is hosting a major event called the Inland Southern California Economic Forecast Conference on October 1 at the Riverside Convention Center. Here he will be presenting a new forecast for the global and U.S. economy, which will also include a forecast for California and the Inland Regions of Southern California. Bruce and Christopher discuss forecasting and the difficulties facing it today, China's economy and its impact on the U.S., the correlation between China and Japan's economy in the 1980s, wealth discrepancy and minimum wage in the U.S., the growing inequality, education reform, the benefits of having a teacher in the classroom compared to online classes, and much, much more on this week's Norris Group real estate radio show and podcast.
The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors, Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, IRA Services Trust Company, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, New Western Acquisition, North California Real Estate Investors Association, North San Diego Real Estate Investors, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Rick and LeeAnne Rossiter, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, FIBI Pasadena, and Scott Whaley.