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downtown1 must pray to the GAWC before bed every night.
I bet, not suprisingly GAWC initial highly positive ranking of Chicago was started by the journal Foreign Policy with conjuction with two Chicago based bodies: consulting firm A. T. Kearney and the Chicago Council on Global Affairs. The academics such as Sassen were only consultants for this project...
Do we know now how Chicago got on that list in the first place? Those two bodies are out of the picture now and in 2008 Chicago was degraded to "Alpha - " status, sharing this ranking with cities such as:
Caracas, Istambul, Bangkok, Mexico City???? Not much to gloat over and claiming superiority to LA based on this ranking is simply laughable.
But, this is Chicago we are dealing with here....
Downtown1 has been the only one mkaing any sense the past 4 pages on here.
Facts are presented, backed by financial specialist, and people dispute the credibility of the studies instead...with what a high school degree in Finance??
Does this not sound like the most ignorant banter ever to anybody else?
No it doesn't. The company is traded on an exchange, but the exchange has no authority over company operations, etc.
One could argue however that if Chicago's CME is traded on Wall Street and vice versa, Wall Street could probably be considered a prime financial market as opposed to Chicago's market. Anyways, the point is moot. There is not much control, you are absolutely right.
One could argue however that if Chicago's CME is traded on Wall Street and vice versa, Wall Street could probably be considered a prime financial market as opposed to Chicago's market. Anyways, the point is moot. There is not much control, you are absolutely right.
Your statement made absolutely no sense. You obviously weren't a finance major.
Downtown1 has been the only one mkaing any sense the past 4 pages on here.
Facts are presented, backed by financial specialist, and people dispute the credibility of the studies instead...with what a high school degree in Finance??
Does this not sound like the most ignorant banter ever to anybody else?
Unbiased the Chicago way, like honest the Blagoyevich way?
I presented hard statistical data showing LA output to be $200B larger than Chicago. No number of studies or research will ever change that fact. LA is just more relevant to the US and global economy than Chicago. Data vs. studies? What is more credible to you?
Unbiased the Chicago way, like honest the Blagoyevich way?
I presented hard statistical data showing LA output to be $200B larger than Chicago. No number of studies or research will ever change that fact. LA is just more relevant to the US and global economy than Chicago. Data vs. studies? What is more credible to you?
Wrong Wrong Wrong.
You just admitted you weren't a finance major...so why keep talking about stuff you don't know about it??
GDP is not the only representation of economic importance.
If the CBOT/CME crashed financial markets worldwide would crash. Farmers would go out of business and there would literally be a period of chaos until things got fixed. If the CBOT/CME crashed the NYSE would crash and the global economy would be devastated.
So while GDP is a factor, its not the only one.
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