Global Trade This Week – Episode 177
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Keenan Brugh 0:00
You're watching global trade this week with Pete mento and Doug Draper,
Doug Draper 0:09
hello everyone. Welcome to another edition of global trade this week as we wind down the year 2024 My name's Doug Draper. I am only part of the crew that hosts this show, and our friend Pete mento is on assignment, so Keenan is jumping in. We always like to have Keenan here. He brings great perspective the show. Keenan, what's going on?
Keenan Brugh 0:31
Hey, it is going pretty well. You know, we were just talking pre show about the weather starting to get into the snowboarding season, but it's been a little late. I know everyone was excited at first with the La Nina type stuff, so hopefully the second half is going to be, yeah, we get some Christmas presents and then just more for the rest of the season as the hope,
Doug Draper 0:50
yeah, yeah, Christmas presents me and the white, fluffy stuff, right? That's right, and I'm talking about snow. So talking about snow, nice, all right, well, let's just get this show started. Okay, why don't I kicked it off? So let's let you jump into your first topic.
Keenan Brugh 1:09
Yeah, diving in. And wanted to share the news that President elect Trump is backing the dock workers and the dispute over automation. We've seen this as an ongoing story between the US, MX and ILA, the International longshoremans Association, so several East Coast ports, as well as Gulf Coast ports, and interesting of note compared to the labor discussions the last couple years, it wasn't just the salary and benefits. They did end up getting those pay increases and things like that, which inflation, like that sort of stuff is like known, this seems to be a bigger deal with the automation, and it's been kind of a non starter for both parties of what they want. You know, the workers don't want any automation. They say they're okay for automation with improving efficiency or safety, but they want a human in control, and they don't want to have their members jobs taken away by robotics. The other side, businesses are saying that ports around the world are already using this sort of automation. America is already behind making these agreements with hamstring them from having any future type of automation or efficiencies in the future, and that would make their ports less competitive. Obviously, there's a lot of market here in America. The east coast has a lot of the population of America as well, and so maybe he's kind of tied to some of the other tariff type things, but Trump siding with the ILA, it's a little bit more protectionist, going for the people, their jobs, not losing those jobs. And kind of a we know what we have our US market, and you're going to want to import stuff to sell to them. So I don't know if you've seen any other discussions around that, your initial thoughts, you know, there's, I could probably see multiple sides of it. And people have always been talking about technology, automating away jobs and things. But somehow, somehow now here, in 2425 with chat GPT and these fully automated crane systems I've been seeing, maybe it is closer to actually replacing humans than 100 years ago, when people were worried about technology. What are your thoughts on this story so far?
Doug Draper 3:23
Yeah, it's interesting. You can go both ways, right? I could. You can make an argument for both sides of it, right? And I think we always say we're not going to get political, and then we always talk politics. But I think that, you know, Trump had to make that call based on the support that he got. You know, the the president of the Union spoke, you know, at his, his the Republican National Convention. So it doesn't surprise me.
Keenan Brugh 3:53
I wasn't, I wasn't aware of that supporter speaking, but I was aware of the deadline for this negotiation being, like, five days before inauguration. So it made sense that somehow Trump found a way to be on their good side in order for them not to cause chaos in the economy as he's trying to kick off his new term.
Doug Draper 4:12
Yeah, yeah, for sure. You know, I mean the consumer, and Pete mentioned this, right? We're just consumers and gobble, gobble, gobble, and we just eat, you know, like Cookie Monster. We just buy stuff that we don't need. And, and automation or not. First of all, automation is going to happen. It's It is inevitable, right? Is it going to happen on mid January, when this thing goes down in the negotiation, possibly to some degree, yes, but it is a wave, and it's going to come, and it will have to be addressed, and it's the, it's the elephant in the room. And so I think they'll come up with some hybrid, you know, roll it out over time, things of that nature. But even if they halted all the automation, Keenan um. So people are still going to ship stuff to the US. Yeah, it'll be incredibly inefficient at the port, but people are not going to buy their crap just because the port is is jammed up. So overall, take is doesn't surprise me. Of the of the alignment and Trump's comments, automation is going to happen. You cannot stop it. So I think there'll be some middle ground with some stair stepping into some automation, but there will be some posturing, without a doubt, as we get closer to that deadline in mid January.
Keenan Brugh 5:34
Yeah, it'll be an interesting one to keep an eye on as yeah, there's more speed of technology, because also people doing things on laptops could now or quickly be replaced with chat, G, P, T or LLM type agents. And so it's interesting to see how some of these early negotiations will go well in different ways or ways they won't. And so yeah, definitely we'll be keeping an eye on this. But sounds like at least that one part won't be going crazy in January. There's plenty of other things that we'll get to that might be interesting at the beginning of the year. But yeah, let's jump on to your first topic.
Doug Draper 6:11
All right. Well, mine is related to a China which is we normally talk about quite a bit, but I'm not sure if you heard it was just maybe a week ago or so. But China has banned exports to the US of gallium, germanium and antimony. Jesus, we should prepare for, I should prep for this show. And Bologna is in there. Too. Keenan, I'm kidding. I
Keenan Brugh 6:39
don't know that one. Yeah. Well,
Doug Draper 6:40
it's a, it's a reference to The Simpsons. Oh, but anyway, all of those are precious earth metals, right? Used to make chips, car batteries, and, in some instances, weapons, right? So it's kind of interesting, right? It's a reaction to some of the the rhetoric that's been happening with Trump's comments about 25 you know, additional tariffs China, anyway, so it's like, All right, so China's coming back. They're kind of Lodging a protest on the semiconductors. Call it a counter measure, if you will. Then they've also said, Hey, this isn't, you know, retaliation for sanctions against Chinese companies and, you know, maliciously suppressing China tech. So basically, raw materials, rare earth metals. It makes a lot of product. And here's the thing that I that I read about, it was a little bit scary, is that China, like everything else, is a major player in the supply chain. Related to that, 60% of the world's rare earth minerals are found in China, and as far as production goes, 85% of the process in those materials is also from that country. So as we continue to need chips and everything that we buy, sell and consume. Um, it'll it'll be interesting. The one thing about this Pete is that a lot of that goes into EVs electric vehicles, and there's been a different perspective on electric vehicles here, at least forthcoming. So we'll see if that stick is big enough to make an impact with China. But I don't think it really made a lot of headlines, and it was some retaliatory action from China related to precious metals, which is the raw ingredient for a lot of things that the world needs. So did you hear about it? Or do you have any take on that? I
Keenan Brugh 8:33
maybe heard a little bit in passing with the gallium, but I didn't hear all the rest of it, so I'm glad you brought it to my attention. This has sort of been a long ongoing cornering of the market that's been known for at least a decade. I remember trying to make some sort of stock play on American produced rare earth minerals 12 years ago, because it didn't seem sustainable to me that there'd be one country in control of the supply that then could, you know, tell Japan, I'm not going to sell to you, or tell America, I'm not going to sell to you at a whim, even if it wasn't super tense between the US and China back then, I thought there would have been an economic need by some of these companies to then try to diversify their supply chain, even back then. So less surprised now, though, I don't know, have they picked up? I mean, I've made some good stock trades, but that one was not super profitable. I was maybe too early on, if there wasn't the interest or people started to open up. But it really came down to the economics at the time, where my understanding, if they do have 60% of the world's resource of that, that is significant. But part of my understanding is that they're not so rare in that they're not found anywhere in earth, but they're rare as far as their small numbers of parts per million. So you really need to have the type of operation to chug through a ton of rock and dirt, pull out small little bits, and that can. Be very environmentally destructive, where that was a major hurdle, and why it kind of stopped being produced a lot of these things in America, because there are known mines in California, probably here in Colorado too. But our environmental standards are just so much higher that like it wasn't going to be cost effective, so people just kept buying it from China. I think there may have also been some state sponsored type stuff, definitely lower environmental regulations or standards for that type of thing. But they are important. And you mentioned the cars. It was important 12 years ago with just cell phones and new gadgetry and different things, batteries, all sorts of stuff, but cars are very large electronic items that use a lot of lithium and a lot of other components, things like silver, right? An electric car uses a fair amount of silver, so anything that is used for renewable battery, high tech type stuff is important. And maybe, maybe this was a little bit to be expected with Trump's tariff talk and different things about China. But maybe this will actually start getting people to try to diversify where these come from, in order to not have it be completely dominated. Like, yeah, nearly 90% it might even be higher than that, or has been higher than that in the past. So maybe Australia and America have started. Because I remember it was like 9598 like 9598 like it was a crazy choke hold on it.
Doug Draper 11:26
Yeah. They mean to cut you off. Go ahead. Go ahead. No, no, please. Go ahead. No, I think that the two points you bring up which the average person may not when you hear the word rare, rare earth materials, like you said, it's not like they're just only in China, right? They're rare in the sense that you described with the way you have to mine it. And so there are pockets of those minerals here in the United States. Oh, yeah, and they've been identified, and it's just the EPA, you know. And rightfully so, I get it right. Like you said, you're going to destroy a lot of Earth to get these things out of the ground. And so it's going to be quite a dance to try to figure out, how do we become self sufficient, related to those those minerals and rare earths that are needed for the type of things that we want. So great point, rare doesn't mean it's only in China and they're in the US, and it's just a lot of rules that we have to follow if we're going to dive into the earth and start digging it
Keenan Brugh 12:22
up. That being said, you know, if things were, I don't see a hot trade war between US and China happening super imminently. But if it were, yeah, we could find them, but that would dramatically impact the cost. Whether we stick to the current EPA standards or those go away, you would still have to be spinning up a new mining operation. And so that gallium, that, yeah, all these rare earth, neodymium, all these things that are necessary for generators and motors and all these things would probably be quite the shock price wise,
Doug Draper 12:56
yeah, yeah, for sure, spinning up a mine that's really not that difficult. You guys, you know cap logistics. You have a lot of experience in that industry, right? So you, you certainly know so. But anyway, speaking of cap, they bring us halftime every single week. We appreciate it. Keenan, thank you little namaste to you here on on the show and cap logistics for support in the show week in and week out. So, yeah. So what you got you want to jump in on your halftime
Keenan Brugh 13:25
I was just going to jump in on your halftime topic. So, so go ahead and lead us off there, and I'll wrap it cool.
Doug Draper 13:31
Well, I just saw this the other day, right? And Keenan, do you know what the best selling toy in the entire world is? I caught my attention because we're right around the holidays and lots of gifts being purchased. So what is the best selling toy in the entire world? Any ideas? Toy in
Keenan Brugh 13:49
the world? Ah, tough. In the world. I don't know. Legos. I'm probably way off. What is the best selling toy?
Doug Draper 13:56
Yeah. Well, you know what? You're not too far off with Legos, right? It is Hot Wheels, Hot Wheels. Mattel, I know you had Hot Wheels. I had Hot Wheels. I take that track, put it over books and sure things. So. Mattel, Hot Wheels is the best selling toy in the world. Now, this statistic blew me away. They sell 22 hot wheel car every second across the world, every second. And that Hot Wheels market for Mattel has grown to like one and a half billion dollars. Wow, in 2023 and so when I heard the 22 hot wheel cars every second, geez, we're in the hundreds now, based on how long the show's been happening right now. But I don't know, it kind of makes sense, right? I mean, think of all the all the kids. I mean, trust me, or kid, did you have Hot Wheels and did you have those little plastic tracks that you would put together with those little black tongues? I probably had
Keenan Brugh 14:53
a few of the cars themselves. I did not own any tracks, though. I had friends that did have tracks, the loop de loop. To the ramps, the jumps. You know, it was a whole big, big deal there. Yeah, I guess maybe some people have a large collection. I just had a couple that I thought were cool. Like, I remember, you know, being a kid, cars were cool. Do people have, like, a bunch of them, like, with Legos, at least, like, you could get a new Lego set and add on to it. But maybe you just like, have a bigger car collection. I'm not sure how they're selling that minute per second.
Doug Draper 15:26
Well, I think that they had, they meaning the story. And Mattel says, Listen, people that are three years old, right? And people that are 90 still like those. Because there's definitely collectors, if you will, you know, collecting cars and collecting Hot Wheels. So the target market, as you said to your to your earlier, before our pre show discussion, right? If you're watching a commercial like, Hey, man, this isn't the target I'm not your target market. But showing this commercial, the target market for Hot Wheels is your entire life, basically, right? So I think that has a lot to do with it, that you could be a grandfather or grandmother, bonding with your grand, your grandchildren, and hot wheels can be part of it. So it's it's huge. Did you So speaking of toys in the holidays, let's put Hot Wheels aside. Did you have a favorite toy when you were young?
Keenan Brugh 16:19
Yeah, mine, personally, would have been my bike, just being able to go outside and bike. I was very much an outdoor kid, though I dreamed of owning an end 64 the video games were always fun, but it wasn't something that we did in our household, so they were fun. I would have loved to have had an end 64 but ultimately, I'm happier that my bike was my favorite toy.
Doug Draper 16:42
Yeah, nice. Yeah. I was kind of out outside as well. I think I did a lot of Hot Wheels for sure. So, yeah, as far as video games, I was an in television kid. I don't know if you remember that one that was way back during the Atari times, but it was kind of the, I hate to say this, but it was kind of the poor man's version of a video game.
Keenan Brugh 17:04
I'm right there with you. We didn't have an n 64 it was just one of those, like, Okay, I'll see it over sometimes. Yeah, but
Doug Draper 17:12
you know, I was playing video games and I loved it, and it didn't matter. And,
Keenan Brugh 17:18
but yeah, I haven't gotten into it recently, but kind of riffing on that, think Nintendo may have gone after archive, not archive.
Unknown Speaker 17:31
What are the two?
Keenan Brugh 17:32
There's archive.is and then there's like the Wayback Machine, whatever that Internet archive.com or do, there had been a lot of ROMs and things hosted on there, so old games and different things, and it's been kind of a battle between people pirating this intellectual property from the 80s and 90s that they're no longer selling today, but people like to play those old games and emulate so there's been a little bit of a crackdown. But then I think we'd have to get an expert in the gaming world on, but there's been a little bit of an understanding where they've kind of stopped after some point. And I'm seeing people taking those, like, old and 64 games, like, you know, Mario World, Super Mario World, the first, like, big 3d one, people are now playing that game emulated on their gaming PCs with, you know, graphics cards these days, and like adding like Ray tracing and so, super high frame rate, super high resolution, but it is the original and 64 game. So people are doing some pretty cool stuff with that. I don't know the legality in different areas. There's been some intellectual property pursuits, but then maybe some like lines drawn, and kind of reminds me of a Game of Thrones. Eventually, like, leaning into the fact that HBO leaning into the fact that Game of Thrones was being pirated so many times that it was kind of like a freemium, you know. Okay, you can get into the series by pirating it, but like, ultimately, if you want any of the stuff you got to pay us, it's our intellectual property. So it's a little bit like that, which I guess going on the games. I not a huge gamer. Now, I'd rather like buy and just own and do it all something I don't understand. And I see adults, let alone kids, doing this games on their phones. Were like, okay, there might be some games, you know, snake or asteroids, whatever you're killing the time, I guess I don't spend my time that way, waiting in line, but I could understand that. But the like micro transactions and like the gamification, the only time I have downloaded those is to, like, analyze, like, what is the time value of money here? And like, what are we all doing? And those companies make so much money by gamifying psychology and, like, ramping things up and different stuff. I saw a case. I don't even know what country. I'm guessing it was, like Korea or something. But someone embezzled like, $5 million from their company they worked for. And, like, you know, bought fancy cars and, you know, whatever you do with embezzled money. Um. But they spent a million of that on some stupid, like, phone game, like, a million of your 5 million ill begotten games you're gonna spend on some, like, silly phone game, like, it just blows my mind. But the evolutionary psychology is real in there, and if they can get gamified things, I think Europe recently banned a certain type of popular loot box thing, which they declared to be gambling. I don't really play all those soccer games, but I think it had something to do with like soccer video games. But America, you know, they'll use the latest cutting edge psychological warfare against children or adults playing these games here, but maybe in Europe, it's not allowed. So we'll see how that sort of stuff shakes out. But they may just come up with a new name for it, or a new mechanism. I have a feeling that the neuroscience and the tech and the business side is going to be a step or two ahead of the regulations. Yeah,
Doug Draper 20:52
yeah. Well, it doesn't surprise me if that guy that stole the 5 million, if, if he spent a million of it on games, it's really a shocker that he got busted, right?
Speaker 1 21:03
Not making a lot of smart decisions. That's right, smart enough to steal the money, I guess, but
Doug Draper 21:10
not get caught, so didn't get away with it anyway. Well, that was half time. We appreciate everybody listening. We kind of go left and right, but that's one thing that we enjoy about the show. So thanks to cap logistics for making that happen. So we're on the second half. Keenan, you want to jump in Sure. Second one.
Keenan Brugh 21:26
Kick us off. Yeah. So my second topic is drones from New Jersey to Middle Earth. Yeah, I don't know anything more than the rest of you out there on the internet do about the New Jersey drones. I'm sure some people have spent much more time checking out if it is aliens or anything like that. What's weird is that we seem to be hearing that the government knows that it's going on, like we're all aware, we're all looking into it, but like there's nothing illegal going on here, like it's all good. And so people are talking about, you know, is this testing to see how the populace reacts to this sort of technology, other people are saying they have some sort of, like, you know, radio or they're testing some sort of radioactivity, Geiger counters that can be like, on these drones to then look for nuclear material in case there was some sort of, like, dirty bomb or nuke in a port type of situation, and they're just testing it, and that's why, like, people seem to be okay with it, but like, it's no one knows what's going on. And so yeah, people are definitely lambasting the government for not telling people what's going on if they are going on. That area also, apparently, has a bunch of aerospace design companies. So not only would you think that's an area of concern, you know, any airport or any facility involved with the government or aerospace, you wouldn't want people spying on you, but maybe they're also making and testing these sorts of things. And that's kind of where the title from New Jersey to Middle Earth is going. Where I know, I don't know if we've mentioned on the show, but with you and Pete, I mentioned that company, anderil, the Palmer lucky, the guy who made the Oculus Rift, sold it to Facebook. The VR guy, he put his money into making, like the new generation, kind of more cost effective high tech drone weaponry systems. So that one's called anderil, which is a name based on Middle Earth type language like flame of the west or something like that. And then the other one, Palantir, just made an ad during the recent Army Navy football game. They showed the ad. And I don't know if they're actually selling drones, but drones were featured very heavy in this advertisement of how Palantir can use intelligence or their own drones, maybe andorrails drones and other drones to then, like, hey, this fleet of ships crossed a geofence now, like, you're gonna wave a wand and push a button and then 200,000 drones just go and, like, take out these ships. That's the advertisement. I'll have to send it to you. It's kind of crazy. You. It's
Speaker 1 24:04
kind of crazy where those are advertised
Keenan Brugh 24:07
and we're in military situations. And you know, there's the Ukraine Middle East, unfortunately, Syria and all this stuff keeps escalating. We're giving lots of US tax dollars. Their argument is we can be more cost effective with tax dollars using drones. Judgments, all aside, my point in bringing this topic up is often you'll see military applications being the first to use something like a telescope, right? Very useful for military on ships and things. But once you have that economic drive for a military purpose, then you can get better lenses, and then we have Zeiss, and now we have cameras and we have space telescopes, but really, we wouldn't have those unless we had the military need for telescopes first. So my point is that, you know, Pete has always brought up drones, and you're not usually a fan of them, though, well, still may not be a fan of 2 million. In killer drones coming after you or any targets out there, but wanted to get your thoughts on now that they're being used more and more currently in the Ukraine war and things like that. But then, like the next generation is right around the corner, according to the advertisements, will that have finally now a bigger impact on security for a warehouse, or larger capacities to actually move freight, because they've done the R D for the military applications. Yeah, yeah. That's
Doug Draper 25:30
a lot to digest right there, right? And everybody's talking about so I'll take it in, in two, two buckets. First of all, New Jersey. And now they're all over everywhere, and they're all across the country, right? So, hey, my take on that is, in 2024 we can't figure out what what they are, right, the ambiguity of placing closure to this is nothing going to someone know who they are, right? Yeah, we'll continue to fuel, you know, the tin foil hat people, and something is going to go wrong where some Renegade is going to literally shoot something out of the sky, and it's going to be a plane or something that's going to be, you know, catastrophic, right? So I think the fact that this is just perpetuating is just irresponsible. And it's 2024, we could tell in two seconds what those things are. The US government can do that. So I'm not going down a wormhole, but it's irresponsible not to place closure to this topic. Something negative is going to happen, so I hope that this thing gets put to bed. As far as drones, absolutely, I think drones are a waste of time related to delivery, right? So as far as the drones, the military application, totally get it that will save lives on the on the front, on the front line, so to speak. So I'm cool with that. The thing I think drones are absolutely asinine for is I'm going to deliver my Big Mac sandwich in a drone to to my my door in the middle of Steamboat Springs, Colorado, right? So that that application is a joke. It's never going to come to fruition, but the military application and things that we've talked about and the potential that you saw during the Army Navy game, absolutely, it's going to happen. I think it's pretty, pretty cool stuff.
Keenan Brugh 27:19
I tend to agree with you. I think I've seen footage. I don't know if I'll be able to pull it up here, but if I do, I'll edit it in. I've seen people in New Jersey shooting at these things. They're not going to hit them, but they could hit someone else. They're just shooting up in the air, you know? And I like, well, I don't fully understand that mentality. I can understand that people are concerned something happening in their area, sort of a mass situation going on. What are these? There's no answers. I'm also suspecting in the I kind of forgot that Secretary Mayorkas, I think Department of Homeland Security, still has his job with everyone talking about all the new appointments and everything, I kind of forget he's still in power, but he's people are asking him, you know, why aren't you doing something about this? And he's saying, like, oh, well, we don't have the sweeping authority to do anything about this, but I'm asking Congress to give me that authority. And then Chuck Schumer goes on Twitter, and we need to give more authority to Department of Homeland Security and like, Okay, well, it's like we should be able to identify and handle aerial threats within our country. But I also don't trust the way that they're asking for, like a sweeping authority at the same time, that's the American in Me, too. You don't necessarily trust the government with new powers all the time, though, this type of situation is inappropriate and so, you know, is it the Hegelian dialectic? Do they create the situation that then creates the need people demand they do something. Oh, glad you asked. We actually have a whole bill prepared just for the situation that we put everything we wanted for the next 20 years into. So that's sort of my thoughts on it. But then, yeah, hopefully on the military side, save lives, protect people. Also very concerning just seeing a huge death bot swarm of drones taking out a fleet of ships. Obviously, I don't want those fleet of ships attacking people, but it's kind of crazy. So yeah, we'll see. We'll see about the delivery stuff too. I don't know right now the drones are mostly like a one day, one way delivery, explosive type of situation, Andrea and all these things Palantir was showing. But if they can be made cheap enough for the engineering, gets far enough, I don't know. I mean, I'm not a huge user of like, having McDonald's delivered to me by a human, but that doesn't seem efficient either. So we'll see. We'll see.
Doug Draper 29:36
Yeah, I don't know. That's a whole, wow. That's the hair on my back is kind of starting to turn up when you talk about drone deliveries. But,
Keenan Brugh 29:43
yeah, yeah. Well, you should, you should see this military video. I'll send it to you.
Doug Draper 29:48
Yeah, please do all right. So my last topic is more of a statement, right than we could come then a really discussion point. But January, Keenan. Is going to be crazy, and I'm going to tell you what these key dates are that are coming up. But I went to chat GPT, and I explained my topic, and I said, come up with a couple of headlines that I could use. So there's three of them here, or Keenan, I tell you. So this one is the perfect storm, tariffs, tick tock and a dash of dumplings. January global meltdown, the second one year the rabbit more like year of havoc. Welcome to January's global circus. And this last one, I said, Tell me in the tone of Randy Macho Man Savage. I'm not going to try to emulate his voice, but the the thing is, basically, can you handle it? Brother, the global Storm's going to drop an elbow in January. Oh, yeah. So what I'm talking about is our first topic, we got a port strike that's going to come to potentially come to fruition on the 15th right, related to automation, the Tick Tock ban, which is starting to get some more news coverage. Yeah, that would go in effect on the 19th four days later. Oh, by the way, the next day is the inauguration and potential tariff changes that were talked about on day one, and Chinese New Year on the 29th of January. So within like a 14 day window, there are things that are going to be happening that could truly upend global trade and create a little bit of chaos. So mid January, right, is going to be crazy, and I know that we'll talk about these in more details on future shows. So global trade into the new year, but, yeah, perfect storm. I think the favorite one I like is year the rabbit more like year of havoc. Welcome to January's global circus. So I don't know what's your take on all that stuff transpiring in the month of January?
Keenan Brugh 31:48
Yeah, it is. It is a lot coming up changing. I guess some of any one of these things could be like a massive black swan type thing. As I'm hearing about all this, I'm kind of expecting that, like you had even proposed in texting. Is it going to be Armageddon? Or I'm leaning more towards just another day, just another month in global trade? Okay? Like, there's a lot going on, for sure, but I feel like more things go on in our heads, I mean us, as well as everyone out there. Of like, what could go wrong? And yeah, might not. Might not really happen, or amount too much, I could be wrong. There could be a Black Swan, something not on that list, could totally surprise people and shake things up. But yeah, a lot of these things aren't going
Doug Draper 32:35
to be be that big, yeah. Well, one thing is absolutely for sure, Keenan, is that somebody is going to write about it. They're going to talk about these things all coming together, and whether it's true or not, there will be black swan chaotic, you know, black there will be black swans, you know, yeah, type of, type of news stories that come out right after the new year. So there, will be some hype around it, but I kind of agree with you to some degree. Is that just another day in global trade,
Keenan Brugh 33:06
just another day? Yeah, quote comes to mind, the arc of history long, but it leans towards nothing ever happens.
Doug Draper 33:14
I like it. That's a good one. Well, what does happen every single week. Keenan is this show and cap logistics puts it on. I appreciate you and your and your company for the support year in, or, yeah, year in and year out, because we're like, at episode 170 something. That's crazy. I think 177 today. Yeah, yes, that's nuts. Divide that by 52 and there's your years. So it's been great. The cap support's been awesome, and we want to thank our listeners for joining us every single week. Please comment, make your feedback when we post these things on LinkedIn, and obviously enjoyed it on the regular locations. You can jump on and listen to podcasts. So can't thank everybody enough. Keenan, have a good holiday, if I don't talk to you sooner and to our audience as well. Have a good holiday and Happy New Year. All right, take care. You.
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