Quote:
Originally Posted by Schroeder
Indeed. The Bankers at Frankfurt are already rubbing their hands in greedy joy because they predict that Frankfurt will become the new financial center of the EU, creating about 10,000 new jobs in the bank industry....That in turn means they think that London will become rather unimportant...  |
Not so fast. There also is Dublin and Paris. And the fate of London imo is anything but sealed.
It is a great opportunity for Britain, to shift its financial income sources away from the stockmarket gambles, to real economy. The latter is were the real, material wealth is generated. Thats the difference between real serious investing, and just gambling. Investing means a decades-running strategy. Gambling means grab as much as you can as soon as you can and runrunrun.
Drunken of paper money paradigm as everybody seems to be nowadays, I am however not too optimistic that this will happen. And the political caste in britain still is well and alive, having an interest to prevent a limitation of their ways to spend, and then spend some more, and more, and always more.