Adapt to our troubled times, im glad were doing this evening for nonaspirin, i wish we were all there obviously, thank you for joining me and taking the time, congratulations to you on taking over the Hoover Institution, i hope congratulations is the right way to look at it. I cant imagine how you will squeeze in figure skating in the golfing with all of that but if anybody can, i know itll be you but thank you and nick for helping without book on james baker, you are both generous with your time and recollection to help us make there we got that right, i just wanted to throw that in there too. So im going to start off with some pretty big stuff, this is a tumultuous time in our history, here at home and around the world, big things are happening and maybe its a cliche but it feels like a hinged point and i want to get to talking about that, we remember the claddagh closely covenant when you and president bush and how you responded to the challenge, in terms of american fatalities, we
U. S. Troops, and the debate over military bases named after confederate leaders. This is part of the Aspen Institute annual security forum. This is part of the Aspen Institutes annual security forum. Welcome. Thank you very much, thank you for everybody for setting this up, what a great way to adapt to our troubled times. Troubled times, im glad were doing this evening for nonaspirin, i wish we were all there obviously, thank you for joining me and taking the time, congratulations to you on taking over the Hoover Institution, i hope congratulations is the right way to look at it. I cant imagine how you will squeeze in figure skating in the golfing with all of that but if anybody can, i know itll be you but thank you and nick for helping without book on james baker, you are both generous with your time and recollection to help us make there we got that right, i just wanted to throw that in there too. So im going to start off with some pretty big stuff, this is a tumultuous time in our
The other sectors such as tech and health care. The stayathome sectors turn into the new defense, calling into question the rally. We have haven assets rallying in a significant way. Dollaryen down more than 1 . The 10 year yield reversing. It had been a sixday backup. Now 10 year yields is trading lower. That tells you there is a move into bonds. If you start to see haven assets rally, especially on the back of a strong move up, you wonder what are traders looking at. Are they just treading water waiting to see how this resolved or is it a talent on something that is about a flareup, which is u. S. China relations not liking the cyclical rally, maybe it has gone too far, too fast. There is questioning around the payrolls report on friday. David a lot of indicators pointing in different directions. What about the yield curve . There is a lot of information about the yield curve that is deepened. What does that tell us about what is coming down the road . Abigail the last time i looked
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A mess for. Now have you ever wondered where all those emails claiming that youve won a 1000000. 00 actually come from well thats happening a lot in one of west africas hotspots where cyber crime and internet fraud young people tried to make a living by scamming people online we met some of the frost this. As night falls on the streets of across the web is just beginning for internets comics like. His real name he doesnt want to be identified which is understandable its a credit card who would face several years in prison meant if he got caught. Right now he tells us a bit about his occupation even how he operates with russia. I dont know how to do it. So we get it. All. Started coffeepots hundreds of cards for chart rooms all websites for about 5 years dollars each. But its a gamble because he never knows how much credit is left on the cards. Its really a sample this. Is one of these have got to. Know. As soon as coffee has a card he uses it to shop online for drawing the money from a