NetWorth Radio
North Texas - The New Capital of Capital!
Feb 13, 2025
Discover the rise of Texas as a financial powerhouse, with major companies relocating and reshaping the job market. The hosts share fun Valentine's Day stories and examine weather impacts on the state. Explore quirky ideas like starting a chicken business, while grappling with inflation and gold market strategies driven by fear. Delve into U.S.-China trade dynamics and the evolving landscape of energy markets, plus the importance of financial literacy for kids. Estate planning and the competitive AI industry also take center stage in this engaging discussion.
47:57
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Quick takeaways
- Texas is emerging as a financial powerhouse, with major firms relocating and setting up operations, enhancing economic dynamics and job creation.
- The surge of professionals into North Texas is driving a high demand for housing, leading to increased property values and a competitive real estate market.
Deep dives
Texas Emerges as a Financial Hub
Texas is positioning itself as a rising financial center with recent developments, such as the New York Stock Exchange moving its Chicago operations to Dallas. This shift includes the establishment of a fully electronic exchange, which aims to streamline regulations and accommodate companies from Texas and beyond. The Texas Stock Exchange has raised significant funding, attracting the interest of major firms like BlackRock and Citadel. These advancements suggest that Texas is on track to surpass Manhattan in financial service jobs by 2035 or 2040, reflecting a strong pro-business environment.
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