Thursday, 10 February 2011

So There’s This Debate Tonight . . .

“The Morning After” is below.
So there’s this debate tonight—Deflation vs. Hyperinflation: Stoneleigh vs. Lira.

Click here to sign up. 
Nicole “Stoneleigh” Foss of The Automatic Earth is going to be arguing that we are experiencing a deflationary depression, while I will be arguing that this depression is hyperinflationary. 

We both agree that we are currently in a depression—a depression that is going to get worse. We just disagree on the road we will collectively be taking to hell. 

Stoneleigh was very prescient insofar as her call about the housing bubble and the 2008 crisis, but I think she is very wrong insofar as What It All Means. So I’ll be presenting my take on the period we are experiencing, and where we will be going in the future. 

Think of it as the Sugar Ray Leonard/Marvelous Marvin Hagler fight of the financial blogosphere. 

The debate is tonight, at 9pm EST. Go here to sign up

We did a bit of practice last night, and I think it’s going to be a lively debate. We will be taking your questions, which I’m very much looking forward to. 


GL


“The Morning After”: 

The debate was a pleasure—Nicole is a lovely person, and as sharp as they come. And though there were a number of issues over which we spiritedly disagreed, the debate itself was a lot of fun—hopefully it will be repeated.

I think the best thing about it was, we both had clear visions as to where the economy is heading, and what to look for as the situation unfolds. I think that allowed the audience to really think over the situation, and decide for themselves what they think is going to happen.

The recording of the debate will be available next week. But for now, I just wanted to thank Nicole, Jay Carter for doing an expert job of moderating, and all of the attendees for having given us their attention.

‘Til next time!

GL

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