Once you get me on a topic, or street for that matter, I have to pick it apart before I can finally leave it alone. If you just read my "History repeats Itself" I just wanted to follow up with my final (for now) observations of the famed street. If you take close notice of the street today rising up from the barricades and security posts it is a street in major transition. Its very appropriate that the street that sits behi
nd the NYSE is New St, because "New" is definitely a word for Wall Street these days. For decades Wall Street was front and center of banks, exchanges, and investment firms. Today, long after 911, Wall Street is emerging into the next new hot retail and residential center. Already on the street is Pink, Tiffany's, Cipriani's, not 1 but 2 high end health clubs, and lets not forget a Starbuck's. Oh.. and for good measure The Trump Building. Due to the street closing along with heavy security, many financial related industries have since left the street high and dry. Morgan Guaranteed Trust and Brown Brothers & Harriman just to name a few. Image is big in the banking world and throwing loyalty to the wind, the obvious threat of terrorism along with the strong visual presence of security has caused them to say, "Adios." This is not good for business! I can only speculate that once the NYSE finally closes its doors, Wall Street will flourish even further into being a hot & hip downtown street. It will then only be a matter of time before it will be renamed into a catchy acronym.
I can see it now, Wall street will be lined with several boutiques, fancy bistros with outdoor seating, an art gallery or two, a T-Mobile store, and lets not forget.. a Wall-Mart sized Macintosh store. I will walk down that street and reminisce of the banks that were once there. Of course, my kids will roll there eyes bored of listening to Dad when he was young. At that exact moment, I will realize I have actually turned into my father. SCARY
