Live Twitter from NPRA Todd Buchholz speech

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I’ve been on Twitter for about two weeks and it still seems like a lot of fun, but now I see the early adopters are already jumping ship for the Next Big Thing. There’s an email in the Blog inbox inviting me to join a Yammer group, when I’ve hardly grasped any of the fancier trimmings of Twitter.

 

Through the wonders of the Blog’s #NPRA Twitter feed, Chris was twittering away all through Todd Buchholz’s presentation on Monday morning and his tweets were feeding through live onto the Blog. Here they are:

 

At NPRA opening session. Former White House policy director Buchholz is keynote.

2:11 PM Mar 30th from web

NPRA President Drevna says that economy and new US administration presents a range of challenges

2:13 PM Mar 30th from web  

Drevna says NPRA role is to challenge politically expedient, counter productive policies

2:16 PM Mar 30th from web  

Distinguished Safety Awards to Conoco Phillips and Exxon Mobil

2:20 PM Mar 30th from web  

Buchholz now speaking.

2:23 PM Mar 30th from web  

Buchholz : New era of hyper competition is upon us, as building blocks of world economy have shifted around.

2:25 PM Mar 30th from web  

Buchholz: Market capitalisation of Mattel (makers of Hot Wheels toys) is bigger than GM today.

2:27 PM Mar 30th from web  

Buchholz: Credit ratings agencies were the C students from the biz schools who had to market the work of the work of the smart kids

2:40 PM Mar 30th from web  

Buchholz recommends reading industry journals!

2:48 PM Mar 30th from web  

Buchholz just worked a picture of Prince Charles looking at a bunch of sausages into his ppt

2:49 PM Mar 30th from web  

Buchholz: Crucial for oil to stay at moderate level c.$50 bbl

2:53 PM Mar 30th from web  

Buchholz: Forecasts signs of recovery in the autumn

2:55 PM Mar 30th from web  

Buchholz: The economy is lousy, however there are sign posts suggesting we are near the bottom.

2:55 PM Mar 30th from web  

Buchholz: Unlike the 70s there is no wage spiral now. Thinks inflation has rolled over – everything is on sale, everywhere

2:57 PM Mar 30th from web  

Buchholz quotes Warren Buffet – only when the tides goes out do you realise who is swimming naked

2:59 PM Mar 30th from web  

Buchholz: We are re-allocating how we spend money – in the US breast augmentation surgery is down 10%.

3:00 PM Mar 30th from web  

Buchholz: In the UK the tooth fairy is giving less

3:01 PM Mar 30th from web  

Buchholz: Housing market will bottom in the summer.

3:03 PM Mar 30th from web  

Buchholz: Some signs of stabilisation in job market

3:05 PM Mar 30th from web  

Buchholz: Believes housing disaster would not have turned into recession if it hadnt coincided with commodity bubble.

3:07 PM Mar 30th from web  

Buchholz: The way out of recession is to give people with jobs more buying power, not government subsidies.

3:11 PM Mar 30th from web  

Buchholz: Signs of hope from China, although nervous about view that China subsidies will save capitalism

3:13 PM Mar 30th from web  

Buchholz: US stimulus plan is “worse than useless”

3:14 PM Mar 30th from web  

Buchholz: Spend isnt going into the right areas. Money going into government not manufacturing.

3:15 PM Mar 30th from web  

Buchholz: Peak oil isnt the challenge. Peak people is the issue : we need more petroleum engineering students and ag scientists

3:19 PM Mar 30th from web  

Buchholz: We need to get out of recession without threatening globalisation and free trade

3:22 PM Mar 30th from web  

Buchholz: Cap and trade may become less of a focus from the White House. Energy floor could be proposed to drive alternative fuels

3:23 PM Mar 30th from web  

Buchholz: Despite the maelstrom we have opportunities for innovation and prosperity

3:25 PM Mar 30th from web  

Buchholz: Joe K asks if Congress may introduce cap and trade just to raise revenue

3:26 PM Mar 30th from web  

Buchholz: Bets that odds are less than 50% for cap and trade. Revenues only needed if moderate democrats cant restrain spending

3:28 PM Mar 30th from web  

 

Click here for Joe Kamalick’s full article on ICIS news from the presentation.

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