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Oh spare me the GDP bravado cause Im not impressed.
Apple and Google-2 stinking companies up north, just 2, have a combined Market Cap of $1.1 Trillion. That's bigger than the entire LA CSA GDP. #ouch
In fact, the Bay Area beats all 13 Western States COMBINED in this regard. The world invests more capital in a 50- mile stretch of the SF Peninsula than everywhere else for 1,000 miles in every direction.
How on earth could LA possibly compete with that?
Anyway, back on Earth, Northern California's GDP is a little over $920 billion, and that includes all the big players--Google, Netflix, Twitter, Instagram, and the Iwatch. It also includes supporting players like San Francisco and Oakland.
Guess what? Greater LA still has the higher GDP. In fact, the Los Angeles MSA is only $100 billion shy of matching Northern California's GDP by itself.
Los Angeles should be compared to US states, not cities.
Location: Watching half my country turn into Gilead
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Quote:
Originally Posted by RaymondChandlerLives
Anyway, back on Earth, Northern California's GDP is a little over $920 billion, and that includes all the big players--Google, Netflix, Twitter, Instagram, and the Iwatch. It also includes supporting players like San Francisco and Oakland.
Guess what? Greater LA still has the higher GDP. In fact, the Los Angeles MSA is only $100 billion shy of matching Northern California's GDP by itself.
Los Angeles should be compared to US states, not cities.
This is the part where Monty digs for obscure financial metrics or downplays LAs relevance based on per capita billionaires. In three, two...
SF is like Kourtney Kardashian. It's the smart, pretty one who'd be the "hot" one if it wasn't for Kim (and I guess Kendall and maybe Kylie now).
Last edited by qworldorder; 07-30-2015 at 12:48 AM..
Anyway, back on Earth, Northern California's GDP is a little over $920 billion, and that includes all the big players--Google, Netflix, Twitter, Instagram, and the Iwatch. It also includes supporting players like San Francisco and Oakland.
Guess what? Greater LA still has the higher GDP. In fact, the Los Angeles MSA is only $100 billion shy of matching Northern California's GDP by itself.
Los Angeles should be compared to US states, not cities.
Yes, back to earth:
Quote:
Originally Posted by The Economist, July 25, 2015
American capitalism has a new hub in the west. Wall Street used to be the place to seek fortunes and make deals; now it is increasingly the[Silicon] Valley. The area’s tech companies are worth over $3 trillion. Last year one in five American business-school graduates piled into tech. Jamie Dimon, the boss of JPMorgan Chase, has warned of mounting competition for Wall Street. Goldman Sachs recently held its annual shareholder meeting in San Francisco.
The enormous, disruptive creativity of Silicon Valley is unlike anything since the genius of the great 19th-century inventors. Its triumph is to be celebrated...
Los Angeles is largely directionless and has been sidelined by it's lackluster tech and finance sectors while SF is frequently called the top innovative region in the world.
Anyway, back on Earth, Northern California's GDP is a little over $920 billion...
It's absolutely hilarious how you think it's posible to downplay 920 billion dollars. lol.
2013
SoCal GDP $1,278,923 Billion...23,316,029 Population...$54,000 Per Capita
NorCal GDP $923.625 Billion...15,016,492 Population...$61,000 Per Capita
NorCal would be the 4th richest state by GDP and SoCal would be 3rd behind TX and NY.
That was 2013 btw. NorCal's GDP has certainly surpassed $1Trillion by now.
Quote:
Guess what? Greater LA still has the higher GDP. In fact, the Los Angeles MSA is only $100 billion shy of matching Northern California's GDP by itself.
LOL haha what about NorCal being only $76B less than the LA CSA, which has 3.3 Million more people.
It's absolutely hilarious how you think it's posible to downplay 920 billion dollars. lol.
2013
SoCal GDP $1,278,923 Billion...23,316,029 Population...$54,000 Per Capita
NorCal GDP $923.625 Billion...15,016,492 Population...$61,000 Per Capita
NorCal would be the 4th richest state by GDP and SoCal would be 3rd behind TX and NY.
That was 2013 btw. NorCal's GDP has certainly surpassed $1Trillion by now.
LOL haha what about NorCal being only $76B less than the LA CSA, which has 3.3 Million more people.
That's one way of looking at it. Here's another:
Los Angeles MSA: 13.3 million, $827 billion GDP, $62,200 per capita
"lol haha" at the LA metro only being $97 billion less than all of Northern California, with fewer people and a higher GDP per capita to boot. One metro (pushing $900 billion by now) pretty much matches a Voltron consisting of San Francisco, Oakland, San Jose, Sacramento, Cupertino, Google, Facebook, and the iPad mini, all by itself.
Last edited by RaymondChandlerLives; 07-30-2015 at 02:48 AM..
Montclair, You sound like your really jealous of Los Angeles position here,Only Nyc is the competition for L.A & vice versa.
Sure other cities like Chicago, Sf & D.c have important business & powerful economy but the 2 titans in America are the same cities that's been rivaling each other for decades now,It's been N.y vs L.A in sports,hip hop, movies,food,women,culture,i mean i can keep going lol
San Fran is no doubt a big player but please stop making California look bad like it's a big rival between California cities,Were all competition but in the end all California, You don't think i was happy Golden state just won the championship ?
This is still all the West so get off that division you trying to cause because now it sounds like total Jealousy ,4 million plus dont live in L.A for no reason, 10 million if you add the surrounding cities sir.....Stop the Hate on L.A .....
Los Angeles MSA: 13.3 million, $827 billion GDP, $62,200 per capita
This is not impressive considering the San Francisco and San Jose MSAs combine to have 6.3 Million people churn out a nearly $600 Billion GDP and that's about $95,000 per capita-higher than any other MSA or CSA.
We have to add all the poor areas from the Oregon border down through the ENTIRE CENTRAL VALLEY all the way to the Kern County line until the massive LA MSA is finally able to surpass our Per Capita. Really?
Quote:
"lol haha" at the LA metro only being $97 billion less than all of Northern California, with fewer people and a higher GDP per capita to boot. One metro (pushing $900 billion by now) pretty much matches a Voltron consisting of San Francisco, Oakland, San Jose, Sacramento, Cupertino, Google, Facebook, and the iPad mini, all by itself.
Montclair, You sound like your really jealous of Los Angeles position here,Only Nyc is the competition for L.A & vice versa.
Sure other cities like Chicago, Sf & D.c have important business & powerful economy but the 2 titans in America are the same cities that's been rivaling each other for decades now,It's been N.y vs L.A in sports,hip hop, movies,food,women,culture,i mean i can keep going lol
San Fran is no doubt a big player but please stop making California look bad like it's a big rival between California cities,Were all competition but in the end all California, You don't think i was happy Golden state just won the championship ?
This is still all the West so get off that division you trying to cause because now it sounds like total Jealousy ,4 million plus dont live in L.A for no reason, 10 million if you add the surrounding cities sir.....Stop the Hate on L.A .....
I think Chicago is up there. It's always been the big three.
Montclair, You sound like your really jealous of Los Angeles position here,Only Nyc is the competition for L.A & vice versa.
Incorrect. At this point in time, NY sees SF as its biggest competition.
Quote:
Jamie Dimon: Silicon Valley startups are coming to eat Wall Street's lunch.
"Silicon Valley is coming," JPMorgan Chase CEO Jamie Dimon warned in his annual letter to shareholders.
Dimon says startups are coming for Wall Street, innovating and creating efficiency in areas that are important to companies like JPMorgan, particularly in the lending and payments space...
Incorrect. At this point in time, NY sees SF as its biggest competition.
No one in NYC sees SF as compeition. When New Yorkers think of the West Coast, they think LA. SF is not really thought of in NYC moreso than other random big U.S. cities.
Silicon Valley is San Jose, not San Francisco. Has nothing directly to do with SF.
And nothing in that shareholder letter has anything to do with the conversation.
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