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Don't know about financial capital, all I can say as an American who lived in London for 3 years during college and living in Manhattan now, London has a vibe and feeling of being international and sophisticated (while at the same time being more gritty and trendsetting in the east around Shoreditch) that NY just can't touch. NY ruled the 20th century, now it's London's turn again. Sorry NY.
Also, a lot of people like to say NY is more chaotic and a "real city". Get out of the West end and go to Hackney, Brick ln, etc. Saw crazier **** than I ever see in NY
... who lived in London for 3 years during college and living in Manhattan now, London has a vibe and feeling of being international and sophisticated ... that NY just can't touch. NY ruled the 20th century, now it's London's turn again. Sorry NY.
Had similar experiences, years ago, but in the financial sector.
With the level of resources that I have now, I am comfortable in Miami. If I had 4-5 times that level, I would move to Manhattan. And if I had double that, I would move to London, hands down.
Just saying ...
But I also want to reiterate that London is what it is in significant part because of the overflow of New York's financial power, and that of many other countries on the planet.
I read somewhere that London has a big advantage internationally due to time zones.
Well, also the proximity to many other affluent countries. It's a quick hop to get there from Berlin, Paris, Rome, Moscow, or the Middle East.
NYC does the work for the world's one richest nation.
Exactly. And its overflow goes to London.
Just for example, the daily rhythm for a global currency trading book is Tokyo (maybe nowadays Singapore or Hong Kong), London, New York.
Tokyo, London, New York.
Tokyo, London, New York.
In the Tokyo (Asian) afternoon, London is open in the morning; in the New York morning, London is open in the afternoon. In the New York afternoon, New York is trading by itself.
Also people tend to forget that insurance is the tallest pillar in the overall financial sector architecture, straddling both the bond and stock markets, even commercial lending, and London is also the global center of insurance, illustrated with examples from earlier posts in this thread.
This thread is the first time I've ever heard London referred to as trendsetting. I have to LMAO at that. If you want to rag on NY that's fine but leave your delusions out of it.
This thread is the first time I've ever heard London referred to as trendsetting. I have to LMAO at that. If you want to rag on NY that's fine but leave your delusions out of it.
I would say it's been so - at least definitively - for the past 5-7 years.
However, as the poll above shows, most people have yet to cotton onto recent dynamics in global city metrics.
LOL Memphis is a bigger trendsetter than all of the UK combined this century. I never seee anybody in the US emulating UK trends. It's the complete opposite. When it comes to trendsetting, London can't touch NY nor can it touch many smaller US cities. Take your banks and smoke them but you're not going to claim cultural influence or significance over NY.
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