Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Los Angeles have Financial District, Hollywood, Silicon Beach Valley home to 500 or more tech startups like SpaceX, Hulu streaming service, busiest shipping port in the country. LA have more global influence than Chicago after NYC.
Yea, LA's been booming though I guess the odd part is how to slot most of that activity into being accounted as part of being a "financial center."
Quote:
Originally Posted by FL_Expert
I took a closer look at this list and their findings are… strange. They have LA, which really isn’t much of a financial center, listed at #7 above Chicago, Boston, and Paris. What really blows my mind though is how they have Tokyo at #16 on their list. In my mind, it’s clearly #3 behind NYC and London. Nothing else really comes close to Tokyo even, and they’re saying it’s #16?
GAWC is weird and if I remember the methodology correctly, a lot of it the scoring is skewed heavily on ties to companies that have operations in the UK, especially London. Tokyo is very much a domestic powerhouse while also having investments in pretty random parts of the world without a particularly strong emphasis on Europe in general and UK specifically.
One can only squeeze a wet sponge
so much before it falls apart in your hands.
Watch your money..............................dis.a..p...p... e.....a......r..........
LOL Okay Mr. fear monger. Want to watch your money disappear? Donate to Trump's PAC now under criminal investigation. Bannon's grifter wall project?
Of course New York City has been called the worlds most financially powerful city. It's home to Wall Street where the world comes to invest. It also has the world's largest banks, insurance companies, hedge funds, private equity firms, and credit rating agencies. You know that crime infested hell hole couldn't be anything worth a damn as long as the Dems control it, right.
I wonder which red state you can compare it to? Name one red state that can compete. A whole lot of red voters are dying off from Covid and opioid abuse, but we won't talk about that on right wing media. We'll just fuel hate and misinformation.
I took a closer look at this list and their findings are… strange. They have LA, which really isn’t much of a financial center, listed at #7 above Chicago, Boston, and Paris. What really blows my mind though is how they have Tokyo at #16 on their list. In my mind, it’s clearly #3 behind NYC and London. Nothing else really comes close to Tokyo even, and they’re saying it’s #16?
Japan is one of the largest holders of US debt, which is solely denominated in US dollars. It's also a huge net importer of raw materials. Almost nobody does business in Japanese Yen apart from maybe some smaller Southeast Asian trading partners.
Japan is an economic powerhouse (per capita) but virtually all of its business is done in USD.
I don't think many here understand what a global financial center consists of. It's a question of pure money flows.
Los Angeles have Financial District, Hollywood, Silicon Beach Valley home to 500 or more tech startups like SpaceX, Hulu streaming service, busiest shipping port in the country. LA have more global influence than Chicago after NYC.
Not even close. Chicago is where commodities are traded, since it has CME. This is where US crude oil and agriculture commodities like corn and wheat are traded. That is hugely important globally. What you listed is just LA's economy and its businesses in various economic sectors, nothing to do with being a financial center.
Not even close. Chicago is where commodities are traded, since it has CME. This is where US crude oil and agriculture commodities like corn and wheat are traded. That is hugely important globally. What you listed is just LA's economy and its businesses in various economic sectors, nothing to do with being a financial center.
It is odd that LA is on top and makes you wonder how they're weighting these factors.
On page 10, table 4, you can see that where they put LA far up ahead is Business Environment and Human Capital, but it's difficult to see how some of these would weight heavily towards LA or be particular to financial centers. For example, listed under Human Capital is Availability of Skilled Personnel and Flexible Labour Market, and while there's certainly going to be overall more of that in the LA area as it's much more populous, it's hard to understand how this works in direct relation to financial services and things directly related to such. That being said, there is a lot of private services for managing the money of the ultra wealthy in Los Angeles as well as NA HQs of East Asian banks in the LA area, so maybe that's part of what's skewing things?
LOL Okay Mr. fear monger. Want to watch your money disappear? Donate to Trump's PAC now under criminal investigation. Bannon's grifter wall project?
Of course New York City has been called the worlds most financially powerful city. It's home to Wall Street where the world comes to invest. It also has the world's largest banks, insurance companies, hedge funds, private equity firms, and credit rating agencies. You know that crime infested hell hole couldn't be anything worth a damn as long as the Dems control it, right.
I wonder which red state you can compare it to? Name one red state that can compete. A whole lot of red voters are dying off from Covid and opioid abuse, but we won't talk about that on right wing media. We'll just fuel hate and misinformation.
Fear monger?
How many wars did President Trump get us involved in? ZERO!
We aren't even 2 years in and this Commander in Cheese has us pointed at a possible Nuclear Confrontation.
NYC's firmly at the top for at least the near future. Paris gained some from Brexit, but those losses from London actually trickled out to multiple financial centers in Europe with different specialties and not Paris alone and it doesn't seem clear that European financial markets will re-center strongly around Paris rather than stay decentralized, and London can potentially recover an edge over Paris within the somewhat near future, but it's unlikely to come close to NYC anytime soon. China might have fielded a good contender, but between what seems to be purposefully knee-capping Hong Kong as well as opening up a new exchange in Beijing last year at Xi Jingping's behest, I'd say it's pretty unlikely a real contender for the top spot gets fielded in the near future.
It's definitely that same doofus who a couple weeks back, under a different name, but spouting off about white girls putting out for black men and how it's ruining society. Some serious incel vibes.
Sounds like Sal Governale found city data.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I wonder which red state you can compare it to? Name one red state that can compete. A whole lot of red voters are dying off from Covid and opioid abuse, but we won't talk about that on right wing media. We'll just fuel hate and misinformation.
