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Ep. 803: Rita McGrath Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Inflection Point in Global Shipping

The invention of containerized shipping allowed us to have incredibly economical global shipping of goods. By the time you then drop the price of shipment by orders of magnitude, now it makes sense for you to manufacture anywhere that labor is cheap because you can ship it very cheaply. The whole rise of these Asian manufacturing companies and things like the whole textile sector going off to Asia really do come from this breakthrough in shipping technology.

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