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Friday, August 25, 2023

New York loses $1 trillion in Wall Street business as firms flee the city

A giant, sucking sound is coming out of Wall Street — and it’s siphoning staggering sums of money out of the Big Apple while handing business to Florida and other states farther south.

Nearly 160 Wall Street firms have moved their headquarters out of New York since the end of 2019, taking nearly $1 trillion — yes, that’s trillion with a “T” — in assets under management with them, according to data from 17,000 companies compiled by Bloomberg.
-WiscoDave
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7 comments:

  1. bogsidebunnyAugust 25, 2023 at 11:21 AM

    Couldn't happen to a nicer shit hole

    ReplyDelete
  2. AnonymousAugust 25, 2023 at 12:17 PM

    fuck'em. that got what they wanted and voted for. what pisses me off is seeing NY plates down here in the hills of pa. as they say, stupid should hurt. dave in pa.

    ReplyDelete
    Replies
    1. TexanAugust 26, 2023 at 1:00 PM

      Same here in Texas. Plates from Kalifornia, NY, Oregon, etc.

      Delete
    2. AnonymousAugust 26, 2023 at 3:37 PM

      Sundays in Philly are... interesting. Expensive SUVs drop a herd of tiny, polite, well-dressed Asian women carrying clipboards. They fan out into a neighborhood, knock on doors and accost folks in cafes to ask if they want to sell their house for cash.

      Delete
  3. Bright EyesAugust 25, 2023 at 1:15 PM

    Problem is they will bring all those democrat voters with them. Look at the voting districts in NY. Almost all of NY states counties are republician. The fuckin city has so many people and they vote democrat.

    ReplyDelete
    Replies
    1. PoppaGaryAugust 25, 2023 at 9:05 PM

      That is true for almost all the other states as well, that is why any thoughts about separation are moot,

      Delete

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