The South Didn’t Just Rise Again — It Took Wall Street With It

Economic Collapse ^ | 3/28/26 | Belinda Johnson

[CFW]

For generations, the conventional wisdom went something like this: serious money lives in New York. The serious decisions about who gets capital, who gets to list on an exchange, who gets to participate in the grand machinery of American finance—all of it emanated from a few square miles of lower Manhattan, governed by institutions so entrenched they seemed geological. Wall-Street wasn’t just an address. It was a statement about where power lived and who held it.

That era is ending. And the remarkable thing isn’t simply that it’s ending — it’s why it’s ending, and what that tells us about the fundamental incompatibility between left-wing governance and economic vitality.

The numbers are no longer subtle. The Dallas-Fort Worth-Arlington metro area now employs more than 386,000 professionals in financial activities, placing it second in the nation — trailing only NewYork City — in financial services employment. That is not a footnote. That is a tectonic shift. NewYork has seen just 16% growth in investment and securities employment over the past twenty years. Texas, in that same period, experienced 111% expansion. One hundred and eleven percent. The comparison isn’t even sporting.

What’s assembling in North Texas represents not merely a relocation of bodies and desks, but the wholesale reconstruction of financial infrastructure. Goldman Sachs is building a $500 million campus in Dallas that will house more than 5,000 employees — which will make it the bank’s largest hub outside of New York. JPMorgan Chase’s headcount in Texas has now surpassed its presence in New York City, with roughly 31,000 employees in the Lone Star State compared to 24,000 in New York. Wells Fargo opened its two-tower, 850,000-square-foot facility in Irving in October 2025. Charles Schwab relocated its corporate headquarters from California to the Dallas suburbs five years ago and never looked back.

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TOPICS:
KEYWORDS: elonmusk; finance; ny; south; spacex; tesla; texas; wallstreet

[CFW]

Democrats and their cheer-leading media keep saying millionaires will not leave NY because that is where all the money and investment firms are located. It appears that the investment firms and money are moving south.

[God luvs America]

The article fails to mention how the banking industry has left and is leaving NY for south Florida...

[abb]

https://en.wikipedia.org/wiki/Brickell

[LurkingSince'98]

Save you Confederate Money Boys — The South Will Rise Again!!

[dfwgator]

The Charlie Daniels Band - The South’s Gonna Do It Again

https://www.youtube.com/watch?v=tEKMED-_2QQ

[CFW]

Here are some interesting numbers.

[Fledermaus]

Keep going to Tex and Fla. Avoid TN, it’s awful. 😉

[chajin]

My daughter’s gff is moving down to Denton from Kentucky with us next month, she’s got a number of financial employment opportunities that don’t seem to be anywhere else—until recently we lived in central FL, but the financial people are in SE FL, which is too crowded and too expensive (but has a good Japanese museum).

[sauropod]

.

[abb]

Back in the day when markets were human animals in an open pit (open outcry), it was not easy to relocate.

Now with all trading done electronically all over the world, it’s no sweat to relocate to an area that welcomes the business.

I can’t think of a market anywhere that uses open outcry any more.

[spintreebob]

Note that GA is not in the graphic. That is because GA is not attracting the rich. GA is attracting the working class and middle class.

Their jobs up north disappeared. They do not understand why. Nobody in GA is educating them. The Republicans are too busy throwing dirt at each other.

[Oystir]

I recently spoke to a high end realtor in N Palm Beach County to see if she/her firm are seeing an influx of bankers. She said no. We see the Bldgs Steven Ross is building in WPB but we aren’t seeing the people, at least not in numbers being reported.

[Lazamataz]

GA is attracting the working class and middle class.

Okay, I'll buy that.... but it doesn't explain the 4000-a-month 3 bedroom apartments springing up inside the Perimeter.

[Theoria]

Culture gets destroyed via mass migration. Neo South is full of retirees, migrants and yuppies.

[chuckee]

Equally telling is the fundamental change in academe. The thirst for education rather than indoctrination with the growth shift towards SEC universities being driven by young people fleeing northern university indoctrination in favor of an SEC education

“...Even more telling for the long-term cultural and economic trajectory: between 2014 and 2023, SEC universities saw a 91% surge in undergraduates from out of state, with many students seeking a campus culture that is the antithesis of Northeastern or West Coast woke progressivism.”

[spintreebob]

4,000 a month rent is both the husband and wife with middle income jobs. The 3 bedrooms are for “work-from-home” offices. DINK comes to GA?

Maybe I still think in old-school IL approach.

[Regulator]

It’s air conditioning

Don’t gotta sleep on the screen porch no mo

And don’t gotta shovel sunshine