BATTLE OF THE ECONOMIC EXPERTS XII - What We Learned from the Audience

For those of you who missed our annual Battle of the Economic Experts that Ravinia Capital co-sponsored with Jenner and Block on Tuesday, July 18, we thought you might like a recap of our mini-poll so you know what some of the smartest people in Chicago are thinking.

For the first question, we looked globally:

Do you think the U.S.’s current relationship with the G-20 will have a long lasting negative impact on the U.S.?

Results:

  • About ½ of the people in attendance said there would be a negative impact.
  • About one-third of the group said it won’t matter.
  • One person said it would be a positive result.

For the second question, we looked inward:

Where will the inflation level be at the end of 2017?

  • Overwhelming majority said it would be about the same.

And now for the most interesting question of all, we looked inward even more:

Which do you feel is the best outcome for Chicago regarding the alleviation of its massive debt?

  • Bankruptcy
  • Raising taxes
  • Neither

There was almost unanimous support for a restructuring of Chicago and its finances via bankruptcy to mitigate the deep—as well as complicated—budget issues.

Thanks to ourenlightened panel—Jack Albin (BMO Harris Bank), Richard Epstein (NYU School of Law), Tom Goldblatt (Ravinia Capital), and Gail MarksJarvis (Chicago Tribune) and moderator Angela M. Allen of Jenner & Block.—for a provocative and informative morning. And we will do it again next year. 

Write back and let me know what you think.

Tom Goldblatt

 

Sarah Welchko