Hello, everyone. Good evening and welcome to politics and prose. My name is codel be introducing tonight guest speaker. Before we get started i have a few notes to cover. First it would be great if everyone could silence any cell phones and other Electronic Devices they may have on them we will be recording audio for two nights event and you can see our friends from cspan here are recording. Great. Love to have you. We will be doing a q a following the presentation so we ask any questions you may have, use the microphone provided so you can pick up the audio and the whole world would be able to see. I know, right, the future. One final thing of course with plenty of copies of trend that at the front register it like a purchase a copy after the event. Adam minter is a columnist from the Bloomberg Opinion has been covering the Global Recycling interest for over two tickets. His new book, secondhand travels in the new global garage sale is everything investigation of whats happened to all
Will be introducing tonights guest speaker but before we get started first please silence any cell phones or any other Electronic Devices we will be recording audio cspan is here recording. We will be doing a q a following the presentation we have plenty of copies at the register if you like to purchase after the event. A columnist from the Bloomberg Opinion covering industry over two decades his new book secondhand is a revealing investigation of what has happened to those billions of items we clean out our home they could end up to a thrift store flea markets in Southeast Asia or in ghana to examine all facets of the multibilliondollar Global Industry including the marketing practices to load up after the purge of Household Items please give him a warm welcome. [applause] thanks to everyone for being here including the man who commissioned my first article so thats quite a thrill to have him here at this reading. When you finish a book you get to questions typically the first is very
Grateful to my fellow allison,o pitch it for who is getting welldeserved unitleading investigative having just Left National public radio. In 2017. Will introduce the head table. If you do have a question please write them down and pass them up him and we will try as many as time permits and so forth. If you have a mobile device through there in the past few live,s, before we went please silence or cell phones. Introduce those questions rather not have them not sound like r2d2 from star wars. I would like to introduce the head table to my left. Smith, a member of the National Press club headliners volunteer for them a congressman has that affect hold your applause until the entire has been introduced. Approval or disapproval, we hope not the level not the latter. Not a symbol of any journalistic bias one way or the other. Next to mike, lisa matthews, his assignment manager as at the and member ofss the National Press board of governors. One of my predecessors who served as president of
Nasdaq climbed, s p. 51 im sure you have some stocks. Maybe moving into something a little more placid like the industrials. At back my Old Hedge Fund we reviewed our positions three times a day. Thats right every day. Three times a day id have to defend them to karen cramer, our head trader. If my enthusiasm flagged at all, if there was a negative news story, a downgrade, a price target cut, or even if the stock was just heavy where sellers didnt seem to care what prices they sold their stock at, shed deem it vulnerable and kick it out. Whether i liked it or not. Sell sell sell sell sell it was brutal but necessary. We had to contain our losses they were looking over our shoulders. And when it came to dead money forget about it. Shed say lets boot it and come back at a better time, there are other stocks to own that can win. You see this attitude a lot from people that come on our network, dont you . Theyre running money aggressively they can vacillate constantly i did the same thing
We could sink our pals for giving clear signed today when they spoke at the federal Market Committee leaving these things unchanged. He mightve well done so, its really this simple you could timestamp the worse of the fed chief at his press conference with a charged s p rebound he made some comments right then to new heights it was perfectly tied that you had no wonder about how he got into the. To he became the bulls friend for a while. Going into he close gavel, things are very skittish but you know what, lately weve been worried about persistent inflation and shelter, cars, and foodstuffs which could have forced the fed to raise rates again. There are signs of softness, its all over the place but fortunately jay powell is worried more about the brown trees than the green trees. Hes not talking about tightening he thinks that inflation will go away on its own making it more of a dove than a hawk. The worstcase scenario for stocks he actually made a joke. He said he didnt see this or