Christopher Thornberg, Ph.D., founding partner of Beacon Economics and recent I.CON West keynote, joins the podcast to parse the growing disconnect between economic data and public sentiment. While U.S. households are financially strong and consumer spending drives growth, this prosperity is propped up by an unsustainable government deficit and foreign capital inflows. Thornberg stresses the need for immigration-driven labor growth, explains how current spending is masking deeper fiscal risk, and shares to the data point – not the 10-year Treasury – that we should all be keeping track of. Recorded on April 15, 2025.

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