Youve got really low Interest Rates now for 10 years near 0 or in some cases negative and there are a few private equity folks that are taking all the stock off the board you know in remember a monopoly. The winner has all the real estate and everyone else becomes a right so this is the same thing nasdaq is just a proxy for monopoly and the players that are winning this are both the bank and park avenue and park place the 2 most valuable spots on the board game of monopoly so. Thats this is exactly what ive been saying for a few years now if you keep printing trillions and trillions of dollars and you dont allow it to go into wages you cut them off you you you you you vilify the working person and you just give it to private equity speculators youre going to end up with this enormous bifurcation in the economy of extraordinarily wealthy plutocrats and kleptocrats. Surf the surf class the losers the poor bulls i might add that is also a hedge funds hedge funds play a big part in the rep
Sold the qs which i find interesting. And last week you said that you are longer now than i you can remember so why did you trim alphabet i add significantly to alphabet in the 130s when all the genesis and noise came out and i thought it was a Short Term Impact and there was no there there. So i took the opportunity to really super ssize the position and now cutting it back to normal size. It is still one of high larger positions. But i dont think that it was prudent. So really risk manager and in terms of the qs, im short the qs as a heenlg because i have no idea what the Inflation Numbers will be. So i sold the position i had after eight days of market straight up, i would have sold them anyway. Because they are always a trade. They are just to express a near term view. So my near term view is just risk management. I have so much beta in the portfolio through the big names that i thought it was prudent to put a little hedge on it im thinking like you look at meta month to date, up 8
Blown away by the fantastic talk that there was on sustainability. Thank you, again, for that wonderful tour deforce of the imperative for sustainability in our future. Allow me to recognize and thank our sponsors for their support and commission for the council. And i want to thank lockheed martin. Pepsico, snapon, deloitte, air chairman sponsors asu, university of california san diego, as well as our benefactors and patrons, hntv, michigan state, university of michigan. Verizon, Marquette University and white cap investment. Without this we could not do the forum and we thank you very very much for that. Well, we have a full day of very exciting talks, as well as the release of some of the critical annual policy work at the counsel of competitiveness. Calling for our clarion call that we will release shortly and i want to really just frame that in a few overarching facts about the good and bad of our economy right now. The good news, of course, is that gdp growth over the past two qu
Welcome to the 2017 National Competitiveness forum. I hope all of you that were with us last night had a lovely evening at the University Club for our annual dinner. I know we were all absolutely blown away by the fantastic talk that was given on sustainability. Thank you again for that wonderful poor divorce of the imperative for sustainability in our future. Allow me to recognize and thank our sponsors for their support and commitment for the council of work and i want to recognize the company and Lockheed Martin are premier sponsors and want to recognize our national for pepsico, deloitte, our chairman sponsor asu, university of california san diego as well as the benefactors and patrons a ten tv and Michigan State university, university of action, verizon, Marquette University and whitecap investment. We cannot do that for him and i thank you very much for that. We have a full day, very exciting talks, as well as the relief of some of the critical annual policy work of the council
Stephen welcomes Molly Shannon, Thomas Lennon and comedian owen smith. Featuring jon batiste and stay human. And now live on tape from the ed sullivan theater is new york city, its stephen colbert. cheers and applause . Stephen hey, everybody. Please sit down, everybody. Sit, sit, sit, sit. You, down, thank you very much. Thanks, everybody. Welcome to the late show. Im your host, stephen colbert. All week long, all week long President Trump has tried desperately to convince us that he is a stable, steady meeting to the press, met with foreign dignitaries, it was a nice act. But like many men his age he can only keep it up for so long. laughter today, today, today he returned to the same unstable, reactionary president weve all come to know and know. This afternoon he was meeting with lawmakers to discuss immigration policy. Several of these lawmakers suggested lifting restrictions for immigrants from haiti, el salvadore and various african country, trump reportedly said why are we havi