What happened to London as the world financial hub?
What ever happened to London's expected dominance as the global financial hub?
Here is an article from 2004, for example:
http://www.theage.com.au/articles/2004/04/07/1081…
Has this trend stalled or reversed because of the european debt crisis?
While we're on the topic, why is it that SS/medicare/medicaid are going to drive the US into bankruptcy, but nobody is saying this about the UK? Isn't their entitlement spending (per capita) just as bad if not worse?
And then there are other markets. Of course, we all know this isn't really where you want to work, but I find it interesting:
http://www.thisislondon.co.uk/standard/article-23…
What do you expect when you have stuff like a bonus tax?
bonus tax was a one off, if it was made permanent then you could kiss the city of London goodbye, no politician is stupid enough to do that.
What happened to London as the world financial hub?
-dated 1950
Europe is a spent power and the US has been totally dominant for decades - this just removes any pretense. It is no longer necessary to humor them.
In 10 years this will be posted on a website called hongkongoasis.hk
but wrong. SO SAWWIE!
For sure. After the Chinese real estate bubble pops. And everybody remembers it's just an overpopulated 3rd world country without fundamental political freedoms or transparent markets.
dominant off credit no?
As human talent and financial capital disperses, the world will become increasingly multi-polarized - there will be no "one" financial hub. New York, Chicago, London, Frankfurt, Hong Kong, Singapore, Shanghai will each gain increasingly important region roles.
Blatant Chicago trolling
UK spending is more efficient in healthcare and I disagree with the notion of entitlement spending as bad per se. There are actually things that government can provide better than the market.
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