GFCI 11/North American Financial Report (Chicago, difference, market, neighborhood)

[Slyman11]

Originally Posted by Jerry Sullivan

You know where I'm getting at loser. Dont play stupid. Just answer the damn question

Sorry that your city didnt make the list 'Jerry Sullivan'. Better luck next time

[missRoxyhart]

Originally Posted by 18Montclair

This ranking puts 3 Canadian cities(Toronto, Vancouver and Montreal) and 2 Australian cities(Sydney and Melbourne)above PARIS.

Care to defend that?

Didnt think so.

And so what? I don't get it. They explain their methodology in the report. Do you have any other issue with it other than Paris isn't high enough because you think its name alone warrants a higher spot? The entire list is useless because of that?

They split the list up into another set in the financial center profiles. Paris' importance is better seen there, it's on the list of broad and deep global leaders. With the exception of Toronto, the other Canadian and Australian cities fall lower into the transnational and local levels.

When you're a financial expert and you conduct your own report on global financial centers and get it published then I'll take your word over these guys'.

[Jerry Sullivan]

New York did make it. Lolyou bay people act as if you contributed to where your city is now rofl. Snobindex*

[18Montclair]

Originally Posted by missRoxyhart

And so what? I don't get it. They explain their methodology in the report. Do you have any other issue with it other than Paris isn't high enough because you think its name alone warrants a higher spot? The entire list is useless because of that?

They split the list up into another set in the financial center profiles. Paris' importance is better seen there, it's on the list of broad and deep global leaders. With the exception of Toronto, the other Canadian and Australian cities fall lower into the transnational and local levels.

When you're a financial expert and you conduct your own report on global financial centers and get it published then I'll take your word over these guys'.

This is no explanation--just blather.

Come back when you can explain how 3 Canadian cities and 2 Australian cities are more important to global finance than Paris.

Yawn.

Montreal over Paris. PFFT. Maybe in your warped universe but not in this one.

NEXT.

[18Montclair]

Originally Posted by Jerry Sullivan

New York did make it. Lolyou bay people act as if you contributed to where your city is now rofl. Snobindex*

NY shadowdwellers are so funny.

[missRoxyhart]

Originally Posted by 18Montclair

This is no explanation--just blather.

Come back when you can explain how 3 Canadian cities and 2 Australian cities are more important to global finance than Paris.

Yawn.

Montreal over Paris. PFFT. Maybe in your warped universe but not in this one.

NEXT.

Umm, OK. Read it slowly now.

Once again, first the methodology is in the report. Do you have an issue with it other than the fact that you think Paris' name warrants it a higher number?

Second, in the financial center profiles section, Paris is actually shown to be more important on the global level than those other cities.

I know it doesn't help the willfully blind, but you have no point. I can see it must be very upsetting to see SF sit all the way down on the Local level while an inferior city like Boston sits above it in the transnational level and in ranking.

[18Montclair]

Originally Posted by missRoxyhart

Umm, OK. Read it slowly now.

Once again, first the methodology is in the report. Do you have an issue with it other than the fact that you think Paris' name warrants it a higher number?

Second, in the financial center profiles section, Paris is actually shown to be more important on the global level than those other cities.

I know it doesn't help the willfully blind, but you have no point. I can see it must be very upsetting to see SF sit all the way down on the Local level while an inferior city like Boston sits above it in the transnational level and in ranking.

Yawn.

You guys always try to make these things about me personally(as if it bothers me in any way, which it doesnt)because you cant answer the question. This is nothing new.

I cant take people seriously who actually DEFEND a report that puts Toronto AND Vancover AND Montreal above Paris as a global financial centre. And yet there you are insisting that such nonsense is explicable and saying that Paris is actually more important is meaningless if the ranking itself says the contrary....didnt realize how emotionally attached some people are to these things.

Hahahaha...sorry, but the 5 cities I mentioned above are not in Paris' league, nor are the national economies that they are located in more powerful or influential than France.

Anything else you need clearing up?

[BLAXTOR]

Originally Posted by missRoxyhart

Umm, OK. Read it slowly now.

Once again, first the methodology is in the report. Do you have an issue with it other than the fact that you think Paris' name warrants it a higher number?

Second, in the financial center profiles section, Paris is actually shown to be more important on the global level than those other cities.

I know it doesn't help the willfully blind, but you have no point. I can see it must be very upsetting to see SF sit all the way down on the Local level while an inferior city like Boston sits above it in the transnational level and in ranking.

That's exactly what I was thinking. It's not typically like Montclair to argue in favor of any other city especially one outside of California like Paris. He's just setting up a platform to later argue why he believes SF should be higher than Boston. By making the list look like garbage using Paris to do so

[18Montclair]

Im just saying, to state with any degree of seriousness that Canada's 3 largest cities AND Australia's 2 largest cities are all ranked HIGHER than Paris as a global financial services centre might be acceptable by some, but to me its comedic.

But keep dodging the question, I might feel inclined to do the same thing were I backed into a corner such as you all are now.

[tmac9wr]

I tried to give some sort of explanation to you in regards to the Paris situation for the last GFCI release.

To be honest, I too am a bit perplexed since Paris is home to banks like BNP Paribas and Société Générale, among others...but there are several factors which I think explain Paris' somewhat low ranking.

First, Zurich, Frankfurt, and Geneva have traditionally been the financial services capitals of continental Europe (with London obviously being Europe's biggest center). I believe the French government has usually been considered non-investment friendly, and the work environment of Paris/France in general is considered poor because--from what I've been told--a lot of the businesses in France tend to reward longevity, rather than skill. Not only can this hinder efficiency due to lower competition, but young, talented workers would have more incentive to flee to places like London, Zurich, Luxembourg, or Frankfurt. This also leads me to...

I think this has resulted in some Parisian banks conducting major operations outside of the country. For example, BPI Paribas has a second headquarters in London. I'm doing some international work down here where we deal with international clients. I believe many of the contacts of many French banks we deal with are located in nearby Luxembourg. I think while Luxembourg by no means accounts for the majority of French (and I should note Euro banks based in other countries do a great deal of work in Lux too) operations, Luxembourg does just enough to take away stuff from Paris to hurt it in the rankings (hence the place directly behind Paris in the list).

Are these the answers? I don't know. Maybe not. But just some reasons why I think Paris may not rank as high as some think it should.

However I can't make any argument as to why two Aussies and two Canucks should rank higher than Paris. Toronto, yea...the others? No clue.