Notably, he predicted the collapse of the sub-prime real estate bubble in 2006 and the Great Recession that followed. During the Covid-19 pandemic he was one of the few economists on record to correctly push back against the forecasting community’s panicked predictions of a depression. In the past two years, he has again stood against the grain, and stood out, for accurately forecasting that there would be no recession.
Dr. Thornberg left a teaching position at UCLA’s Business School in 2006 to found Beacon Economics, and under his leadership, the firm has become one of the nation’s most respected economic research organizations. He consults globally for private industry, cities, counties, and public agencies. A dynamic public speaker, he challenges audiences to question popular narratives – and to ask the right economic questions.
Dress Code
For the maximum enjoyment, and to preserve the customs and traditions at The California Club, all Members, Privilege Holders and their Guests are expected to conduct themselves with decorum in keeping with the Club’s concepts of dignity and mutual respect.
Allowed:
- Clothing customary of good taste with the minimum requirements of:
- Jackets Preferred
- Collared Shirts
- Slacks or Khaki Pants
Not Allowed:
- Any Denim
- Untucked Shirts
- T-Shirts
- Shorts
- Hoodies
- Sports Jerseys
- Track Suits
- Flip Flops
- Hats
- Athletic Shoes