Johnny Munkhammar skrev på denna blogg från 2004 till sin död 2012. Bloggen är upprätthållen som ett minne och som referens till Johnnys arbete av Johnny Munkhammars minnesfond.

This blog was operated by Johnny Munkhammar from 2004 until 2012 when he passed away. This blog is now in a memorialized state and operated by the Johnny Munkhammar fund.
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Saturday 2020-07-11, 20:30:51

2007-04-20 18:39:54
The City. I am right now in New York, after a mere three hours on the train from Washington, DC, yesterday. Some meetings cancelled, will be more reading and writing, then. The sun is shining in this the city of cities. New York is always striking because it is so intense and diverse. Nowadays also because it is so peaceful, with crime rates lower than most cities in the US and Europe alike.

Clearly, New York has much going for it, but I am fascinated with the fact that its financial sector is increasingly losing to London. This is due to relatively more harmful financial regulations in the US after the financial de-regulations in Britain during Thatcher. This has and will have effects on the rest of the economy, the supply of capital, and thereby the situation for entrepreneurs and jobs.

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