Gary and Jim discuss the impact of globalization on inflation, the impact of the budget deficit on the economy, and the merits of social secure reform.

Gary joins Jim as they answer the question is deflation a real threat in our global economy?

Gary starts out by explaining where he thinks the economy is at the current time. Jim and Gary go on to talk about where they think it is going.

Gary joins Jim to discuss national and international economic issues. This visit begins with Gary talking about money, and how it is changing. Gary also explains how the new forms money is taking is changing the way economists, including the FED, are looking at the condition of the economy. They also talk about the trend of Americans to invest in the stock market instead of saving, and the changes that is creating. As always, Gary helps Jim focus on the impact of deflation on various segments of the marketplace. Examples include broker fees, many areas of technology, and telecommunication. Gary admits that there are indicators of inflation, but deflation is also alive and growing in many sectors.

Gary talks with Jim about how deflation is replacing inflation in some market sectors, and how these forces are affecting the global economy.

Jim has his hands full interviewing these two Ph.D.s about national and global economic issues, including inflation, deflation, stock market fundamentals, consumer debt vs investment, and other issues.

Gary talks with Jim about the major shift in pricing trends in the global marketplace from inflation to deflation, a word rarely used until recently in this context since the 1930s. Gary talks about the difference between good and bad deflation. Gary and Jim also talk about the "18 Points Of Business Strategy" in a deflationary trend that are in Gary's book.

Gary joins Jim to talk about whether inflation is ending, and if deflation is emerging to replace inflation's place in the marketplace. They discuss how inflation has impacted our marketplace over the past 30 years, how certain sectors of the marketplace are currently in a deflationary period, and a number of deflationary forces Gary identifies in his book.