Whether or not it is changed at a macro political level is really outside of my control first of all and most people listen to this. What do you take away from it? It's probably best to tune out whatever they say no matter what but this stuff does affect you try to understand as much as you can, that's all i'll say I know. That's it. Now Sound down and end for the 142. One hundred. Hey, hey, the dukes are trying to corner the market. How can the press be going down? Something's wrong. Where's Wilson? What are they doing here? They're selling, Mortimer. Well, that's ridiculous Unless that cro
Transcript
chevron_right
Play full episode
chevron_right
Transcript
Episode notes
The exchange of goods and services has existed since the earliest forms of civilization, from simple barter arrangements at the local town square to Phoenician traders navigating the Mediterranean with goods from Europe and North Africa. Today, however, the scope of exchange is truly massive, with online commerce coming to dominate nearly all segments of retail, and the scale encompassing transoceanic trade routes totaling 11 billion tons in maritime cargoes in 2021. Underpinning all this lies an extremely complex web of producers, shippers, pipelines, warehouses, and commodities traders that include the massive concerns such as Koch Industries in energy and Glencore in metals, with over 100,000 employees each. Billions of dollars have been made and lost in commodities futures, and as volatility continues to disrupt prices of everyday items from gasoline to grain, the trend of ever tighter global trade integration seen since the end of the Cold War may start to unravel as regional blocks choose to have closer and more reliable supply chains.