#ScalaReport: The recession warning arrives at the ports. Chris Riegel, CEO Scala.com. #Stratacache

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John Batchelor

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4.6 • 2.7K Ratings

🗓️ 10 March 2023

⏱️ 12 minutes

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#ScalaReport: The recession warning arrives at the ports. Chris Riegel, CEO Scala.com. #Stratacache
https://www.freightwaves.com/news/imports-sink-again-as-wholesale-inventories-remain-bloated
"According to Descartes, imports to Los Angeles slumped 32% month on month, with Baltimore down 22%; Norfolk, Virginia 18%; Oakland, California, and Houston 17%; Long Beach, California 15%; Savannah, Georgia 14%; Charleston, South Carolina 11%; and New York/New Jersey 9%"

Transcript

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0:00.0	What's the best form of escapism?
0:04.0	Is it a book or a podcast maybe?
0:07.0	How about lounging by a hotel pool?
0:10.0	Or sightseeing on a city break?
0:13.0	Now that's escapism done right.
0:16.0	Book your escap to one of Europe's top destinations with EasyJet.
0:21.0	With flights from only 29-991 way.
0:24.0	Selected seats and travel dates,
0:26.0	TZC's apply C-E-ZJet.com.
0:56.0	Is it relief from the depression?
0:58.0	Is it anxiety that will be relieved?
1:00.0	You're never sure because Gidot never shows up.
1:03.0	Well, the recession hasn't shown up yet according to the Wall Street Journal,
1:06.0	but I welcome Chris Regal, the CEO of Scala.com.
1:10.0	This is the Scala report,
1:12.0	a global technology firm transforming the retail space with digital signage.
1:17.0	And we go to a warning that says the recession is here.
1:21.0	VC funds start-ups face mass extinction event.
1:25.0	In 2023 is the headline.
1:28.0	Chris, a very good evening to you.
1:30.0	The VC funds fueled the rise of Silicon Valley these last decades.
1:35.0	And as I understand it, it's the startups that I should regard as galactic dust floating around,
	...

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