Asia Quote by Jim Rogers
“I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.”
About This Quote
Source Interview: Financial Outlook, 2023
The speaker argues that London's financial dominance is waning as capital shifts eastward, suggesting the West's reduced reliance on traditional banking hubs.
In simple terms: London's banking power is declining as money moves east.
Key Takeaway
Adapt to shifting global finance.
Themes
economics
globalization
finance
shift
Mood
analytical
cautious
Type
financial
strategic
When to use this quote
- investment planning
- economic policy
- business strategy
- risk assessment
Key Concepts
capital flows
regional dominance
investment strategy
Questions to Reflect On
- What factors could sustain London's financial role?
- How can investors hedge against regional shifts?
A Different Perspective
May underestimate London's resilience or regulatory advantages.
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