In the debate between the deflators and hyperinflators, there are two team captains. One is Schiff for inflation, the other is Mike “Mish” Shedlock, on his excellent blog and elsewhere. Both make strong arguments. I don’t know if the unwinding credit will deflate into a black hole faster than govt’s can inflate (Shedlock’s position) or not.
But I’d read Mish every day, to get his side.
http://globaleconomicanalysis.blogspot.com/
Help me out, if you know, or if anybody knows.
The Inflation/Deflation debate is raging, and to date I think they break down as follows. If I have anybody’s take wrong, then please somebody correct me, as I can’t be reading everybody’s work all the time...
So here is my list of people who think the liquidity crisis ultimately ends in either inflation or deflation overall as an endgame.
The inflation camp contains
Peter Schiff
Eric Janszen (iTulip)
Gary North
Walter J. Williams (not the Walter Williams on Rush Limbaugh)
Doug Noland (Prudent Bear)
Whoever controls “Motley Fool” (don’t know their name)
The deflation camp contains
Mike Shedlock (MISH)
Nouriel Roubini
Lee Adler (Wall Street Examiner)
Paul Kasriel
Richard Russell
maybe Robert Schiller
Am I missing any of the prominent players who have been right and on-board about the liquidity crisis.
Did I put any of the above players in the wrong column?
Thanks all for the help. I would like to know those saying the crisis will end in massive deflation, vs. those saying the crisis will end in deflation with the resulting collapse in asset values and soaring unemployment.
I was in the “deflation camp” but now I can’t be sure as government is throwing everything at this problem they can find. I am still gently in the deflation camp as I think the government doesn’t have enough arrows in the quiver to prevent ultimate deflation. They can’t run the presses long enough, unless they continue after the deflation is done, and do what Travis McGee is predicting...
Deflation FOLLOWED by inflation.