Message to new New York: “you can’t remain America’s financial capitol if you despise capitalism”

Photo above - will we make it to 2029 this time, or will the next stock market crash happen sooner? What will cause it - Trump Tariffs, Socialism in NYC, or state sponsored hackers attacking the stock exchange?

After the Mamdani landslide, smart people probably saw this coming: The NYC financial district has begun migrating. Their destination of choice? Dallas, apparently. See link below.

Dallas imagines itself as the financial capital of the south. So does Atlanta, which is home to the national HQ of Bank of America and Wells Fargo. It appears Dallas is winning the battle to lure Wall Street firms to “Y’all Street”, however. Probably something to do with more affordable real estate and lower taxes. Factoid of note - B of A, Wells, and JPMorgan Chase already have ginormous regional HQs in Dallas.

Normally, corporate America betting for and against cities; future wouldn’t alarm me. Except I have a bunch of friends who live “near” New York City and work in cubes there. If those headquarters relocate to Dallas, their homes will plummet in value. Well, my friends should have seen THAT coming too, since they're always so smug and confident about their smarts and salaries . . .

What happens in the unlikely event that Dallas DOES become the new Wall Street? Does the DSE (Dallas Stock Exchange) causes the NYSE to go dark? With todays automated trading, brokerages probably don’t need as many guys milling around in blue cotton jackets screaming "sell! sell!" at the top of their lungs. In fact, a move to Dallas could mean a large-scale makeover, and the advent of 24/7 AI driven trading. For smart-aleck day traders with souped up laptops, they could now lose a fortune at 2am, as well as 2pm. If I was a rogue player and wanted to “disrupt” the markets, I’d try to pull it off when most of the nation is asleep. Or watching NFL and NCAA football. Have you been paying attention to when those astonishing Bitcoin drops happen?

Everything's bigger in Texas. Except taxes, salaries, housing and electric bills. Congrats on your election win, Democrat Socialists of America and future free municipal bus riders. But If the big banks and brokerages leave, who you gonna tax?

I’m just sayin’ . . .


Escape from New York: Bankers flee Mamdani for Texas