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“is slightly over $900 billion worth of trade. So right now…” — Cato Audio at 36:15

“is slightly over $900 billion worth of trade. So right now in aggregate, the data we have doesn't quite substantiate the loud noise you hear. But does that mean that they are not issues? They are. We see emerging fragmentation in trade. And that's why we sounded a warning almost starting a year ago that we're…”

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