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New safer updated US Financial center location ?
invite response
2012 Oct 29, 1:36pm 1,744 views 3 comments
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Patrick
2012 Oct 29, 1:43pm
You mean NYC?
I think it there are two components to the financial industry:
1. Actual trading technology, which could be run from anywhere except for the hyper-fast trading guys who actually care about 1 ms latencies.
2. People. They want to be in NYC because the other people like them and their clients are already in NYC. It's a recursive first-mover effect dating back to the days when the Dutch were there. Hard to change that.
It's like Ebay. Ebay kind of sucks and doesn't have any special technology, but everyone uses it because everyone else uses it.
Patrick
2012 Oct 29, 2:06pm
Ah, you're assuming we live in a democracy where the government acts in the best interests of the 99%...
Bap33
2012 Oct 29, 2:15pm
everything that humanity needs to survive is in several deep caves all around the world. In Colorado we have set up an American survival system, and another in the Ozarks, but they may not survive what Planet X has in store for us.
Obama's world ends on Nov. 6th, for the rest of us it's Dec 21st. Only the elite fail to transition.
I always wondered why the heart of something so important was still located in a such risk prone overcrowded aging location, not to mention way overpriced? maybe the time has come. I could think of quite a few better safer, reliable power, more central US locations. Would be a real boom for jobs and real estate.
#housing