Bullish on SoCal
Christopher Thornberg made his name as an economic forecaster by predicting the 2008 Great Recession in 2006. — Photo The Bay Area has never been a dominant source of growth. It’s too small. It has seven million people. LA County alone has 10.5 million.— Economist Christopher Thornberg Economist Christopher Thornberg took the stage at Terranea looking more like the keynote speaker for the resort’s annual Code Conference than for the Palos Verdes Chamber of Commerce’s annual Economic Forecast Board Installation breakfast, on Friday, January 18. He was wearing a tan tie, tan sports jacket and Levis. “Notice my hipster tech look. All I need is a beard,” he began. “You might think economists are hip. We’re not. My suit pants just fell off my hanger,” he explained. Thornberg made his name as an economic forecaster by predicting the 2008 Great Recession in 2006. He subsequently became a sought after speaker by business groups up and down the coast by making the ‘dismal science’ entertaining, often at the expense of fellow economists and politicians. Thornberg quoted Chapman University economist Joel Kotkin’s finding that California recently became the world’s fifth largest economy…
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