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

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swirlie · 31-35

The reason the NYSE will never leave New York is because the rest of the world has never taken the American south and all it's y'all-ing shitte seriously, not when it comes to business at least. That is why you never see anyone employed by CNN or FoxNews who has a hideous American southern drawl. If they did, everyone around the world who watch either news network would just tune-out and roll their eyes... 🙄

AthrillatheHunt · 51-55, M

@swirlie newscasters are trained to sound like “Everyman “, meaning you can’t tell where they are from by their accent bc they don’t have one (on air).
Just like Australian and British singers sound American when they sing.
It’s something they do when on camera

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AthrillatheHunt · 51-55, M

@swirlie I’m telling you actors and newscasters do it all the time . You’d be surprised who is from Alabama or Mississippi , bc they don’t sound like it .
Tom Holland (British spider man ) sounds like he’s from NY in the movies . He sounds British to you when delivering dialogue ?
Christian Bale (British batman ) sounds British to you when he delivers dialogue ?
They all do it effortlessly .

swirlie · 31-35

@AthrillatheHunt
Okay, you're right.

AthrillatheHunt · 51-55, M

@swirlie you’re the best !!!

swirlie · 31-35

@AthrillatheHunt
Okay, you're right.

ArishMell · 70-79, M

@AthrillatheHunt I think actors are trained to copy accents reasonably faithfully. I have noticed credits at the end of broadcast live opera performances include "voice coaches", who presumably help non-German or Italian singers pronouce lyrics in those languages properly.

Years ago radio and TV broadcasters in Britain were trained to use the artificial "Received Pronounciation" (RP), which to our ears now sounds very stiff and stilted, even supposedly "posh". It was an exaggerated version of the South-East English, "Home Counties" voice.

That started to disappear in the 1960s, and you do hear gentle regional accents now among the presenters. The most noticeable on BBC Radio, at least to Southerners like me, include Northern ones, on Radio Three, the "classical" music channel, as it is now produced in Manchester some 250 miles North of London.

Yet the same time, characters in British films, radio and TV Dramas were given stereotyped, generic regional accents to help the listener identify the....

- senior politician or businessman, say, (RP)

- high-ranking military or Police officer (clipped RP),

- low-ranking soldier or Police Constable (vaguely East London - think of an English version of Dick van Dyke's sweep character in Mary Poppins),

- factory worker or miner (vaguely Northern English),

- farm worker (parodied Somerset or Devon even if the location was Eastern England)

- Ordinary Seaman - or pirate (ditto)

- Marine engineering-officer (Scots - as in Star Trek, too!)

Thankfully this trait has largely gone, used only when really true to a specific character or location. Even the characters in The Archers - now the worlds' longest-running soap-opera - have a range of accents except oddly, the one that would be true to the fictional village of Ambridge's location somewhere in the English Midlands.

ArishMell · 70-79, M

@swirlie Would they though?

Regional accents are very noticeable within their own country, but I think most foreign listeners would not really notice it except as an American accent, would be unlikely to place its region, and would not denigrate it.

swirlie · 31-35

@ArishMell
Would what they though?

SusanInFlorida · 31-35, F

@swirlie remember how impersonators and comedians merceliessly mocked bush for his texas twang?

SusanInFlorida · 31-35, F

@swirlie in the future most trading will be electronic - online or AI.

most traders don't talk to someone in new york. they call the toll-free line at their own brokerage, which might or might not even be in america.

the last call i made to merrill edge went to some call center in Arizona, not NYC.

swirlie · 31-35

@SusanInFlorida

remember how impersonators and comedians merceliessly mocked bush for his texas twang?

But Bush wasn't a news anchor on a TV news network. Who we're talking about here in my discussion are American TV Journalists who speak normal English directly to people all over the world. We are not talking about some news anchor from Texas who sounds like Bush, hence my comment:

That is why you never see anyone employed by CNN or FoxNews who has a hideous American southern drawl. If they did, everyone around the world who watches either news network would just tune-out and roll their eyes...