Sherif Hanna Managing Partner
Sherif Hanna is Managing Partner at Beacon Economics. Mr. Hanna has over 35 years of operations management experience and guides the long-term direction of the firm, establishing short-term goals, objectives, and strategies to achieve that vision. He also oversees the firm’s seven specialized practice areas. Mr. Hanna has helped build Beacon Economics’ name and client base through a focus on customer service and by creating strategic partnerships with key business and community institutions and organizations. He works extensively with senior executives in state and local government and at Fortune 500 companies that span industries such as manufacturing, banking and finance, insurance, real estate, and global trade.
Mr. Hanna is responsible for continually improving and expanding product lines and business development strategies, and for overseeing critical roles at the firm that affect client service, growth, administration, and the professional development of staff. He honed his managerial and strategic planning skills at both small and large companies and has particular expertise in workflow re-engineering, start-up management, and business development.
In 2024, Mr. Hanna became Co-Chairman of the Polling and Messaging Committee of the BizFed Institute, one of Southern California’s most prominent nonprofit think tanks focused on business and industry issues. He also serves on the Executive Committee of the Central City Association (Los Angeles).
Prior to joining Beacon Economics, Mr. Hanna was Managing Director of the UCLA Anderson Forecast where he identified areas of underperformance and refined operations to ensure higher levels of productivity. Earlier in his career, Mr. Hanna was Senior Vice President of Consulting Sales and Strategic Alliances at The Advisory Company, and prior to that he was Vice President of Technology Sales and Business Development for AnnuityScout where he was responsible for national sales and account management of groundbreaking B2B and B2C technology. He also served in executive positions at American General Corp.
A long time Los Angeles resident, Mr. Hanna holds a B.A. in Political Science from California State University at Northridge.
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.