Via Focus.com, we have this interesting map of where the Fortune 500 are located:
click for ginormous map
An Indian-born economist once explained his personal theory of reincarnation to his graduate economics class. "If you are a good economist, a virtuous economist," he said, "you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist." —Paul Krugman, "Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations" (1994, page xi):
With the key FOMC meeting over, key b/c it was their last official comment before QE ends at month end, what do we now have to look forward to in terms of their exit? IF the economy continues to show signs of improvement, the next move won't be an actual policy change, it will be wording, the telegraph by Fed members in speeches topped off by the April FOMC statement that will tell us that rates won't be "exceptionally low" anymore for an "extended period." That's step 1. While the FOMC won't be raising the fed funds rate anytime soon,...
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November 30th, 2009 at 4:45 pm
BRitholtz, please let us know when you will be making an appearance on tv or on the bloomberg radio network, at times like this it is crucial you are heard
November 30th, 2009 at 5:43 pm
Onterestingly – three of the states that have zero Fortune 500 companies, New Mexico(Santa Fe), Wyoming (Jackson Hole) and Montana (Missoula) are high quality of life!
November 30th, 2009 at 7:08 pm
It is interesting that financial services are not number one on the list. Maybe these numbers aren’t current, but it’s hard to imagine an industry making more money than the top 10 banks these days. Of course, if one considers the bonuses as salary, I suppose there is not much left over for the outside shareholders. On the other hand, if one considers the bonuses as a preferential dividend distribution then we would have an entirely different chart.
November 30th, 2009 at 11:19 pm
This map is incredibly misleading, in that it presumes that a company is “located” in whatever city it’s HQ is located in. This is often far from the truth.
Boeing is “located” in Chicago, based on this map. But really, most of it’s operations are elsewhere. Intel is located in Santa Clara, CA, but it’s biggest site and increasingly the most important pieces of its operations is outside Portland. Berkshire Hathaway is “located” in Omaha, but we all know its presence there is limited to a small building with a handful of employees, while virtually all operations are elsewhere.
We might as well state that most of the Fortune 500 are “located” in Delaware because that’s where most of them incorporate, regardless of any actual presence.
December 1st, 2009 at 9:21 am
MichaelGat – good point …
right in there with another point of widget construction – screw Made in (insert GPS cord)