It's out! @tracyalloway and I talked to the great @FreightAlley about why this industry is in such a mess. Why it was a mess pro COVID. Why it's a mess now. And why it's probably going to be a mess for years to come. bloomberg.com/news/articles/…
@tracyalloway@FreightAlley After doing several episodes on global manufacturing, shipping, and the ports, our ongoing deep dive into the supply chain is beginning to turn more towards the interior. Starting with trucks. Then soon barges, canals, rivers, trains, etc.
@tracyalloway@FreightAlley Learned some absolutely incredible stuff about the market in this episode, including the fact that in the United States, if you take the 10 largest trucking companies, they only control 12% of the entire market. 11,000 new trucking cos. registered in the last 30 days.
@rohangrey My main theory is that the reason there's so much talk these days about CBDCs is because crypto is hot, and central bankers want in on the action.
But beyond that, there's a big difference between a digital bearer dollar (like cash) and just a public option for banking.
And as @rohangrey points out, the two things may in some way be complementary. But they're not at all the same thing. And yet they've become fused in the public discussion.
NOW WE PAY THE PRICE FOR NOT DOING ENOUGH ON INFRASTRUCTURE
In today's @markets newsletter, I talked about inflation, and how the situation at our ports and waterways is a perfect example of how the discussion of "paying for it" is totally backwards.
@markets It's just amazing, we continue to have these hazy, theoretical conversations about how "the children" are one day going to have to pay for government spending. Meanwhile we have rising prices right now that can be connected to underinvestment in logistical infrastructure.
@AntonPosner@MercuryResourc@tracyalloway If you enjoyed our past episode with Ryan Peterson of @flexport, this one goes even deeper into the nitty gritty of global freight. And why, after all these months, things aren't getting easier. Certain jobs that would have been tough back in January are now impossible.