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Christopher Thornberg is a founding principal of Beacon Economics and a member of the Graziadio Business Review Editorial Board. In this report, Thornberg reveals that, while are are well out of recession, there is a lot going on below the surface, including the trade deficit, consumer behaviors, unemployment, exchange rates, and the tax cut extension. Thornberg’s insights are based on Beacon’s extensive research as one of California’s leading economic forecasters. For a more in-depth analysis of this report, visit www.BeaconEcon.com, and download Beaconomics.