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I sincerely hope this guy is wrong
Will the city that never sleeps ever wake up? Not according to James Altucher, a best-selling author and former hedge fund manager, who says that New York...www.marketwatch.com
It was the seat of global financial power for a long time.
That's a hell of a run.
But the world is changing.
Almost a year to the dot to these "NYC is dead" takes, a Supreme train pulls into the station.The idea that New York City will last forever is Nassim Taleb's turkey fallacy:
"Consider a turkey that is fed every day.
Every single feeding will firm up the bird's belief that it is the general rule of life to be fed every day by friendly members of the human race 'looking out for its best interests,' as a politician would say.
On the afternoon of the Wednesday before Thanksgiving, something unexpected will happen to the turkey. It will incur a revision of belief."