The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: robert b furman who wrote (12731)	6/7/2024 2:58:19 AM
From: elmatador	Read Replies (1) of 13780

Hi Bob Texas’ longhorns are coming for Wall Street’s bulls. BlackRock and Citadel plan to launch a new national stock exchange in Texas to compete with New York Stock Exchange and Nasdaq. The Lone Star state is the eighth-largest economy among the nations of the world. At $2.4 trillion, Texas' economy is larger than Russia, Canada, and Italy, according to a report from the governor's office It has been a duopoly for as long as anyone can remember. This will likely end up to be a regional exchange - hard to see them taking share especially from international companies (who might not even know what Texas has to offer) The bigger problem for the public market is that private companies are preferring to stay private - with the abundance of private capital and save money/hassle on onerous reporting and ESG/DEI compliance etc

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