Let's call the whole thing off! (Select Preview)

[FRED]

You say inflation, I say deflation,
You say depression, I say stagflation;
Inflation, deflation, depression, stagflation,
Let's call the whole thing off!

(With apologies to George and Ira Gershwin.)

The song "Let's Call the Whole Thing Off" was written during The Great Depression, in 1937. A fitting title and song for the debate over how the latest experiment in exponential credit growth might turn out.

Below is a six minute preview of the debate in .wav and .mp3 formats.

Which do you believe? That the world's central banks are out of ideas and a catastrophic end is in train or that a death by a 1,000 political cuts awaits us?

You be the judge.

Six minute free preview:

Ackerman/Janszen WAV
Ackerman/Janszen MP3

To hear the complete 48min debate see: iTulip Select Ackerman Interview