New York may fade as a financial center

[drsteph]

Quote from mgabriel01:

the financial center of the world is several clusters of high-speed computers

and no one knows where 'all' of them are

55 water.

 

[zdreg]

Quote from drsteph:

55 water.

anybody else?

 

[lrm21]

N
E
V
E
R

G
O
N
N
A

H
A
P
P
E
N

 

[SteveD]

Read an article last week that Dubai is straining financially as they actually have very little oil income....it is more real estate and financial services that supports them...

They will be protected/supported by neighbors who have the oil money..

That was something I did not know.....


SteveD

 

[wilburbear]

Obama is making the eternal mistake of believing terrorists will respond favorably if we can only weaken our defenses.

Cheney can observe which parts of our defense Obama is dismantling. Today, Cheney says a nuclear attack on the U.S. is now inevitable.

After 9/11, the wealthiest NY'ers moved permanently to their vacation homes which were out of reach of further attacks. The WSJ stated their kids were pulled from the NY schools and enrolled in the new locations. If you live in NY, consider moving at least 30 miles away from the downtown area.

 

[marketsurfer]

Quote from wilburbear:

.

After 9/11, the wealthiest NY'ers moved permanently to their vacation homes which were out of reach of further attacks.

This simply isnt true.

surf

 

[vv111y]

P.I.T. - Perpetually in Transit

Get yourself one of these babies

Get a fat pipe over satellite and dodge and weave against hurricanes, tornadoes, earthquakes, heavy taxation, punitive regulation, angry mobs, etc, etc

 

[Mario66]

Quote from alientrader:

LOL brits are just perennial losers

 

[Cutten]

Quote from just21:

London, where they use the terrorism law against Icelandic banks and others but not against terrorists.

LOndon where hedge funds lost billions because of Lehman collapse but did not in New York because of government regulation.

London where the government organise anti "poverty" demonstrations on the streets.

The big surprise is that sterling has held up so well against countries like Australia with no government debt.

The Uk is bankrupt, financial services have overcapicity like engineering in the early 80's, who is going to pay for all those on welfare while there is still unlimited immigration?

Who cares? London has two main advantages: you can trade all 3 major timezones there, and foreigners pay no tax on worldwide income. Minor advantages: hotter women, thanks to proximity of Europe and higher immigration; better beer; hell, it even has (slightly) better weather than NYC!

There are more American banks in London than there are in New York, and it's not because they like tea and "soccer".