Jonathan V. Last

I, you know... Tim, really, you got to understand, that's all art of the deal. You think so? Of course, it sounds like he's an idiot. He wants to sound like he's an idiot because that's good negotiation. It's all unfalsifiable. Okay. All right, here's what we know. 40% of container ship capacity between Asia and the United States has been canceled.

Well, their business is going to go under anyway. We're creeping up on a 50% level of cancellations because it's accelerating. What this is going to mean is we're headed towards stagflation. I mean, that's what this is, right? So you get a scarcity in consumer goods. That will push prices higher because they are scarce. But it also means economic disruption.

Well, their business is going to go under anyway. We're creeping up on a 50% level of cancellations because it's accelerating. What this is going to mean is we're headed towards stagflation. I mean, that's what this is, right? So you get a scarcity in consumer goods. That will push prices higher because they are scarce. But it also means economic disruption.

Well, their business is going to go under anyway. We're creeping up on a 50% level of cancellations because it's accelerating. What this is going to mean is we're headed towards stagflation. I mean, that's what this is, right? So you get a scarcity in consumer goods. That will push prices higher because they are scarce. But it also means economic disruption.

It's going to mean unemployment going up. And when unemployment goes up, you're going to have wages falling. Who's going to lose their job? Dock workers are going to go first, truckers, people in logistics, then the small business owners.

It's going to mean unemployment going up. And when unemployment goes up, you're going to have wages falling. Who's going to lose their job? Dock workers are going to go first, truckers, people in logistics, then the small business owners.

It's going to mean unemployment going up. And when unemployment goes up, you're going to have wages falling. Who's going to lose their job? Dock workers are going to go first, truckers, people in logistics, then the small business owners.

Yeah, maybe. So I want to read you a little bit from Ryan Peterson. So Ryan Peterson runs a logistic startup called Flexport. So what it is, is it's a software company that helps track customers. freight globally. And so they help people move their stuff from the factories in China all the way to the shelves in Sheboygan. And he has, for the last week, been on a media blitz.

Yeah, maybe. So I want to read you a little bit from Ryan Peterson. So Ryan Peterson runs a logistic startup called Flexport. So what it is, is it's a software company that helps track customers. freight globally. And so they help people move their stuff from the factories in China all the way to the shelves in Sheboygan. And he has, for the last week, been on a media blitz.

Yeah, maybe. So I want to read you a little bit from Ryan Peterson. So Ryan Peterson runs a logistic startup called Flexport. So what it is, is it's a software company that helps track customers. freight globally. And so they help people move their stuff from the factories in China all the way to the shelves in Sheboygan. And he has, for the last week, been on a media blitz.

You should actually, he might even go on this show. He's been going on everything. He might even. Actually, he might consider this show. Right. No, no. I think he would even consider, the only thing he might not is he might be worried about being perceived as anti-Trump.

You should actually, he might even go on this show. He's been going on everything. He might even. Actually, he might consider this show. Right. No, no. I think he would even consider, the only thing he might not is he might be worried about being perceived as anti-Trump.

You should actually, he might even go on this show. He's been going on everything. He might even. Actually, he might consider this show. Right. No, no. I think he would even consider, the only thing he might not is he might be worried about being perceived as anti-Trump.

But, I mean, he's been running around saying that Donald Trump is creating a tsunami that is going to destroy the American economy. So maybe he would be OK with it. So here's what he what he told The Wall Street Journal. If they don't change the tariffs, it's going to be an extinction level asteroid wiping out the dinosaurs kind of events. Only these aren't dinosaurs.

But, I mean, he's been running around saying that Donald Trump is creating a tsunami that is going to destroy the American economy. So maybe he would be OK with it. So here's what he what he told The Wall Street Journal. If they don't change the tariffs, it's going to be an extinction level asteroid wiping out the dinosaurs kind of events. Only these aren't dinosaurs.

But, I mean, he's been running around saying that Donald Trump is creating a tsunami that is going to destroy the American economy. So maybe he would be OK with it. So here's what he what he told The Wall Street Journal. If they don't change the tariffs, it's going to be an extinction level asteroid wiping out the dinosaurs kind of events. Only these aren't dinosaurs.

These are dynamic, healthy businesses. So Flexport has visibility into about 1% of all U.S. trade. which is a tremendous number. You hear like 1%, you're like, wow. But his software touches like 1% of everything. So he really is getting a global picture of what it looks like. And here, I want to read a little thread that he did here, a couple of them that are worth.

These are dynamic, healthy businesses. So Flexport has visibility into about 1% of all U.S. trade. which is a tremendous number. You hear like 1%, you're like, wow. But his software touches like 1% of everything. So he really is getting a global picture of what it looks like. And here, I want to read a little thread that he did here, a couple of them that are worth.

These are dynamic, healthy businesses. So Flexport has visibility into about 1% of all U.S. trade. which is a tremendous number. You hear like 1%, you're like, wow. But his software touches like 1% of everything. So he really is getting a global picture of what it looks like. And here, I want to read a little thread that he did here, a couple of them that are worth.

So the US imports $600 billion worth of goods from China every year. 95% of that at Ocean Freight. Those goods sell at retail for $2 trillion, right? Which tells you about where the value chain is, what they talk about at B-School. You know, where is the most value accruing? And the most value actually accrues to the end-stage retailer. That's why they mark up their goods typically about 3x.