3 ms·
> Berlin can become the new London of Europe It's not about the technology, it's about the people and the money, which is all in London.
by roymurdock 10y ago
> Berlin can become the new London of Europe
It's not about the technology, it's about the people and the money, which is all in London.
- mkesper 10y agoFor now, that is.
- rorykoehler 10y agoMoney will quickly escape to New York and Frankfurt
- vidarh 10y agoAt least one major investment bank has told its HR staff it is planning to move, and will start processing redundancies or staff transfers as soon as possible. The people and the money started preparing to move months ago - the question is just how much of it. In any case, expect a lot of the money to pile into other currencies and not get spent as people try to ride this out.
- jacquesm 10y agoWatch the opening of the London exchange and review your comment.
- roymurdock 10y agoThe exchange is getting hammered, as expected, as equities are extremely liquid and the first thing that gets sold off during times of uncertainty/volatility. I think a more interesting metric will be the price of land in London and the change in the rate of flows in/out of the property market in the coming weeks. Less liquid, less prone to volatility, more indicative of long-term economic trends for the city.
- scotty79 10y agoFTSE 250 chart is just "frowny face" right now for me.
- Scarblac 10y agoThey weren't there 30 years ago.
- threeseed 10y agoAnd how much talent in London are foreigners ? Because the anti-immigrant nature of the Leave campaign e.g. from UKIP suddenly makes the UK look a lot less inviting. If the Visa situation doesn't get a whole lot worse.