"There Doesn't Seem To Be A Recession In Belgravia"
Bloomberg's Richard Vines:
Of course prosperity existed for some, and was to be seen on the surface. Those eating well in restaurants were those who could afford to eat well in restaurants.
-Adam Fergusson, When Money Dies
Bankers Start Feasting Again at London Eateries, Chefs Say |
Of course prosperity existed for some, and was to be seen on the surface. Those eating well in restaurants were those who could afford to eat well in restaurants.
-Adam Fergusson, When Money Dies
5 Comments:
Last week I tried getting Tuesday night reservations a week in advance for a party of 8 at Eleven Madison Park. Nothing was available, including the private rooms, until 9:45. (And, btw, my party is a group of commercial bankers from a bank that did not receive TARP money, but did receive AIG money.)
The looting continues.
ALOHA !!
It all depends on where you are in relation to the "money spigot". That fact has not changed in thousands of years. In Medieval times you were better off being the court jester than living as a peasant. The closer you were to the King in the Kings Court the more favors you could potentially acquire. You cannot acquire any wealth just tilling soil miles away from the castle.
Naturally in this modern era the MONEY SPIGOT is in Washington DC. Where else in America can you find as many "court jesters"?
NYC where the trillion run like salmon through the NYSE and FX is where the money is. Ask any IT guy and he will tell you Silicone Valley, places like Palo Alto and San Jose are where the high tech jobs are. Even the secretary at EBay and Google are wealthy.
Come on out to the rural Hawaii here on the Big Island and I can get you in at any restaurant at any time of day! My favorite? The Kalapana Cafe. Just don't mind the sign there at the order window that says "NO EBT"!
Kaimu, i'm in NYC, you can get into any really good local joint no problem . The higher end places, which the article discusses (in London), are probably packed as usual. I'll leave those dressed up chain restaurants (which is EXACTLY what most of them are) to the people who have money to waste. Wow, Chang opened another Momofuko! He once again charges $30 for what you can get, better, in Chinatown for $4! Let's wait on line!
You come to NYC, i'll get you the best $4.00 sandwich you've ever had. No wait.
As for the article, it's just another way of saying, "the stock market is heading back up, the recession is over."
And the dust gathers on the barricades.
Hankest.
ALOHA !!
yes, but do those NYC places have "NO EBT" signs at the cash register? HA!!
Good quote from Ferguson.
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