Christopher Carr Research and Business Development Associate
Christopher Carr is a Research and Business Development Associate at Beacon Economics, LLC. In that role, Mr. Carr blends his skill and experience working in data-intensive business environments with economic analysis, specifically in the area of economic, fiscal, and social impacts. He specializes in modeling the economic relationships between government, industry, and household sectors within specific regions in order to glean insights about the impacts that occur in one sector when there are changes in another.
Some of Mr. Carr’s recent projects have included examining the economic, fiscal, and social impacts of tribal operations for the Rincon Band of Luiseno Indians and the Pechanga Band of Indians. He was also instrumental in a recent impact analysis for the California Nations Indian Gaming Association.
Mr. Carr’s educational background has given him a strong foundation in both quantitative and qualitative analysis. As a graduate student in business analytics, he developed collaborative skills that allow him to translate data into actionable insights that contribute to an organization’s work quality, profitability, and efficiency. Through his advanced educational training, he has also developed expertise in computer modeling, database systems, analytics software, and the application of predictive analytics using both traditional statistics and machine learning. He is skilled in the use of leading data and econometric software including STATA and SQL, as well as having strong proficiency in data visualization and presentation software such as Tableau.
Prior to joining Beacon Economics, Mr. Carr created sales and tracking systems to monitor sales performance for Farmers Insurance Group. Before that, he was a Student Research Assistant for the Office of the Chancellor of the California State University (CSU) System. In this role, he designed a tracking system and data tables using Microsoft Excel to organize, categorize, sort, and filter confidential survey information for the CSU Chancellor’s Office of Research.
Areas of Expertise
Mr. Carr holds an M.S. in Business Analytics from Pepperdine Graziadio Business School, and a B.A. in Economics with a minor in Applied Mathematics from Pepperdine University.
No Nonsense Economics
The holidays have always been a time of higher-than-normal consumer spending. However, a drift downward in spending at this festive time of year has been occurring for years. This is likely a function of many things, the most important of which may be the decline in the number of children in the United States.
For all the sophistication of modern asset markets, at their core, they are still just Keynesian beauty contests. Keynes’s metaphor for the markets derived from a special type of beauty contest where the judges don’t pick who they think is most attractive, but who they think will be most attractive to all the other judges. His intuition is that traders are mainly trying to anticipate what the average trader thinks the average trader thinks is about to happen. Such nested logic can generate wild volatility in the market’s response to the silliest peices of news. This has been proven yet again in the waning days of 2023 with a big jump in equity and bond prices, all because of the odd notion that there has been a sharp pivot in Federal Reserve policy. The market now anticipates that the Fed will lower interest rates multiple times next year.