Rich Diaz
π€ SpeakerAppearances Over Time
Podcast Appearances
In the interest of completion, like the UK is not completely a basket case.
So let's just β I don't want people to get β to misunderstand me.
Have you ever heard them talk, Rich?
I mean, OK, so they have an extremely, extremely strong and powerful service sector.
So most countries do not.
Most countries have a very their services export and import are usually in balance.
Some countries you'll have an enormous export of services.
UK is one of those, whether it's the obviously the financial industry is enormous, they're
You've got a heavy, strong movie industry, the law, I mean, the legal business, accounting, consulting, all this shit.
And if you look at their services exports, they're extremely strong.
So, you know, I think it's almost 6% of GDP, their exports, if I'm not mistaken, if I can just quickly check.
So, you know, they have an it's not.
Six point seven percent of which is their services exports and they basically import all their.
So they so Canada sells natural resources to pay for for consumer goods and other products.
And our services exports and imports are basically imbalanced.
The UK is a totally different economy.
They export loads and loads of services.
And they import lots of goods.