Financial Capital of the World: New York or London? (houses, buy)

[MissionIMPOSSIBRU]

Originally Posted by barneyg

...and still useless when it comes down to the OP's question. The Seoul metro has a comparable GDP to London metro (source) and nobody claims Seoul competes for the title of "financial capital of the world".

If anything, the very existence of finance is the idea that capital doesn't have to be raised at the same place where things are going to be produced. By that definition, GDP is a completely useless metric.

I agree completely, also because GDP figures are also heavily tailored and distorted.

[Dean York]

The thread is about the financial capital of the world, which is universally accepted as being london and not about which City has the highest GDP. It's completely different.

[Mhundred]

Originally Posted by dean york

The thread is about the financial capital of the world, which is universally accepted as being london and not about which City has the highest GDP. It's completely different.

Not at the moments it's not.

New York ousts London as world financial capital | The Sunday Times

New York to replace London as world's financial capital

Although apparently HK is gaining on both cities heels. I feel it may have a bit of an advantage being almost a city state itself.

[MissionIMPOSSIBRU]

Originally Posted by Mhundred

Not at the moments it's not.

New York ousts London as world financial capital | The Sunday Times

New York to replace London as world's financial capital

Although apparently HK is gaining on both cities heels. I feel it may have a bit of an advantage being almost a city state itself.

Article reads... "LONDON has lost its top spot as the world’s biggest financial centre by jobs"

In other words, the number of financial services jobs in the City has dropped below the number of financial services jobs in NYC, which has been the case for quite some time. Why don't you do comparisons by volume of transactions and see how NYC still compares?

[LOOK MA NO HANDS]

Originally Posted by dean york

The thread is about the financial capital of the world, which is universally accepted as being london and not about which City has the highest GDP. It's completely different.

There are loads foreign websites that state NYC as the financial capital. But it honestly doesn't matter because they both are the most powerful cities.

[dunno what to put here]

There are four rankings of the world's premier financial centre's. 2 rank New York as top, 2 rank London as top.

I guess they're seen as pretty equal.

[LOOK MA NO HANDS]

Originally Posted by dunno what to put here

There are four rankings of the world's premier financial centre's. 2 rank New York as top, 2 rank London as top.

I guess they're seen as pretty equal.

Exactly! It is just odd to say either one is the undisputed Capitol.

[2e1m5a]

I didn't know it was a debate. I thought London was universally known as the financial capital of the world, with New York second.

Things are set to change drastically however.

[Mac15]

Obvioisly london.

[Mac15]

Originally Posted by cali3448893

Another stereotype

Thats funny because any time there is a battle between nyc and a foreign city it always "wins".