Global Trade

“Neil makes a great point about the argument that, oh, we shouldn't have done this. We regret global trade. That argument takes, you're allowing yourself to imagine, you're taking where we are today and competing with an imaginary version of how things evolved …”

“We're of the viewer living through a regime change, and that many of the characteristics that characterize the last 30 years or so, things like free movement of capital, free movement of labor, increasing global trade, that actually all these things are likely…”

“I also felt very strongly that we're in the midst of a great realignment and of a Bretton Woods realignments coming in terms of global policy, global trade.”

“80% of global trade goes from a manufacturer through middle parties like distributors, buying groups, retailers. Contractors, and then eventually to the end customer. That's 80% of trade. There's very, very little that goes direct from a manufacturer to an end…”

“Global trade is 47% of GDP.”

“Global trade has grown four percent annually since the Mongol invasions in around 1200 AD.”

“I think it'll be globalized trade.”

“And there are innovations that change the world dramatically, which don't actually depend on any inventions. Things like container shipping, which had an enormous impact on global trade by drastically cutting the cost of shipping goods overseas, which didn't i…”

“So I think all of this sort of at the coming out of the pandemic, basically what you're going to have is like four or five major trading blocks in the world, right?”

“It has grown four percent annually for over 800 years, which is a nice slide to present to investors.”

“There's this information asymmetry and the forwarder global trade's kind of a black box and the freight forwarder knows how it works and you don't. And they use that against you. They use that to make money off you.”

“18 trillion dollars worth of stuff goes across borders every year.”