What’s Next LA: The Road to Economic Recovery (A Preview)

Friday, July 10th, 2009

Can’t see the above video? Click this link to watch or you can read the transcript.

Dave Smith, PhD

Dave Smith, PhD

Chris Thornberg, PhD

Chris Thornberg, PhD

In this video interview, David Smith, PhD, Associate Dean of Academic Affairs at the Graziadio School of Business and Management, and Christopher Thornberg, PhD, GBR Editorial Review Board Member and founding principal of Beacon Economics, discuss where the U.S. and California economy are going in 2009 and beyond.

Hear more from Christopher Thornberg on July 28 at the Los Angeles Economic Forecast Conference: “What’s Next LA? The Road to Economic Recovery,” sponsored by the Graziadio School of Business and Management, Beacon Economics, and the Los Angeles Area Chamber of Commerce .

Other featured speakers include Linda A. Livingstone, PhD, Dean of the Graziadio School, Brad Kemp, Director of Regional Studies for Beacon Economics, and John Paglia, PhD, Associate Professor of Finance at the Graziadio School. Visit beaconecon.com to register and for more information.

Questions for Christopher Thornberg

  1. Why is California different from the rest of the nation in this recession?
  2. Where do you see inflation and interest rates going in the next year?
  3. What about the banking sector? What do you see happening in both the short and long term?
  4. Both home sales and mortgage delinquencies are rising. Which matters more to the housing market recovery?
  5. How do you see the state and city budget shaping up in the next year?
  6. How does Los Angeles fit into the recovery in the state?  What industries do you see leading the way out of this downturn?
  7. What should viewers know about the economy today and where we’ll be a few years from now?

Related in the GBR

What Happened to the U.S. Housing Market? by Peggy Crawford, PhD, and Terri Young, PhD

What Determines Which Businesses Win and Which Lose? Insights from Keith McFarland, author of The Breakthrough Company by Wayne Strom, PhD

Investing for Income in a Down Economy by Steven Ferraro, PhD, CFA

Topic: America's Financial Crisis, California, Economics, Finance, In the News, Investing, Videos
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Paula Cassin

July 10, 2009 at 1:04 PM

Will you be looking at the local business environment in Los Angeles (and California) during the conference? I’d like to see a decent analysis of the number of businesses relocating away from L.A. (and California in general) What are the prospects for this changing and L.A. becoming more attractive for private enterprise/non-profits?

Here’s a recent WSJ piece-“Why We’ll Leave L.A.” http://bit.ly/188vdw
Creative Syndicate CEO maintains the City of Los Angeles is driving business (including his) away to greener pastures and it’s a bad idea to locate in L.A. for any business!

Would welcome your thoughts.

David Smith

July 10, 2009 at 2:14 PM

It certainly will be challenging for LA–and California more generally- to become more attractive to businesses in the short term when in the midst of a state and city budget crunch. This challenge aside, we do see some bright signs on the horizon for California and LA more generally in the coming economic recovery. This will certainly be a topic at the economic forecast on July 28th. Thanks for the note.

Technology Slice

July 12, 2009 at 8:32 PM

California was hit with this economic crisis worse than most other states. I think it will take more than a few years and a few policy changes before their economy recovers.


August 9, 2009 at 5:59 AM

All I know is that I still can’t see the light at the end of the tunnel. CA has to undergo a lot more before we see positive signs in my opinion.

Norman Ho

January 22, 2010 at 8:27 AM

Being a real estate broker in Los Angeles, many consider this to be the foreclosure capital of the country. A number of experts are forecasting a huge wave of foreclosures and short sales for this upcoming year in 2010 as a result of Alt A and Option ARM loan products readjusting. Many indicators suggest that things are going to get worse before they get better.

Roderick Hoeser

October 20, 2010 at 1:48 PM

Thank you so much for this great site! Just what I was lookin for…


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