Despite political stalemates aplenty, 2013 ended on an economic high note with U.S. growth averaging over 3.5% in the last two quarters, writes Beacon Economics’ Founding Partner Christopher Thornberg in his new national forecast. At the same time, Director of Economic Research Jordan Levine says that California created more new jobs than 6 of the top 8 U.S. states combined.
In his latest post on No Nonsense Economics, Founding Partner Christopher Thornberg looks at the hot button issue of income and wealth inequality – what it is, and what it isn’t. Read why disparities are growing at such a fast pace (special tax perks and political influence), why it matters now and in the future (major populist backlash, anyone?), and what can be done to slow this damaging trend and its effects (moderate policies and political reform).
California Housing Affordability and the Migration Inland
Beacon Economics’ Director of Economic Research Jordan Levine talks to KABC Radio in Los Angeles about Southern California’s housing affordability… or lack of it. Hear about the major migration patterns occurring between Los Angeles and San Bernardino Counties, the reasons behind the changes, and what the implications are for the region.
Beacon Economics’ will present brand new economic outlooks for Los Angeles and beyond at the inaugural event of ForecastLA, hosted in partnership with Loyola Marymount University.