Thank you for sharing!

Your article was successfully shared with the contacts you provided.

“We are not in a typical recession,” said Christopher Thornberg, founder of Beacon Economics, at Financial Partners Credit Union’s 4th Annual Economic Forum last week. In his presentation, Thornberg painted a picture that the economic dislocation is not as severe as many fear, and in fact, the hysteria, as he describes it, it unwarranted. As we had a healthy economy heading into this recession, we will have a healthy economy again as soon as the public health problem is resolved.

“We are in the midst of a recession, but the question is ‘how bad of a recession,’ and where is the economy going to be in the second half of the year? If you look at the headlines, you are hitting the panic button and are ready to go live on an island and wait this thing out,” Thornberg said during the digital conference. “Take a step back. When any kind of conversation is had, hysteria is the new normal.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.