The Sun Also Rises in Texas

"How did you go bankrupt?" "Two ways: gradually, then suddenly"

Y'all Street launches: Texas Stock Exchange goes live in Dallas

The TXSE, backed by BlackRock, Goldman Sachs and Charles Schwab, plans to facilitate IPOs starting in 2027

Now that it’s no longer the epicenter of beaver pelt and molasses trading, there’s no particular reason or excuse for New York City to remain “the financial center of the world”, and some of the largest financial titans are realizing this and abandoning ship. I don’t know whether this Texas effort will have a huge effect or not, but with a Mayor determined to drive the wealthy, the middle class and their employers from his new people’s paradise, things could look radically different by the end of the decade.