New York Too Dependant on Wall Street?

Posted by Josh Friedlander | No Comments

That’s the opinion of Nicole Gelinas, who presents compelling evidence that Wall Street supplies the numismatic oxygen that allows New York City to breathe.

Gotham Needs Wall Street; Does Wall Street Need Gotham?

My job as a financial journalist links me rather closely to the fate of Wall Street, as in good times the Street’s increased budget for news and information trickles into my company’s coffers. In bad times, pricey subscriptions begin disappearing just as marketing and advertising budgets are slashed. Still, if Wall Street moved to New Jersey, the effect on my publication and livelihood would likely be unaffected. One can’t say the same for the myriad cafes and restaurants that make New York such a vibrant place.

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