Economic CIVIL WAR: Red States Get a Stock Exchange
June 10, 2024
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as posted by the channelThe TXSE Group recently announced that it has filed with the SEC to launch a brand new national stock exchange that will be based in Dallas and compete with NYSE and Nasdaq. The Texas Stock Exchange is said to backed by some two dozen investors, including Ken Griffin's Citadel and Larry Fink's BlackRock. The focus will be on companies based in twelve states (all red states which supported Trump in the 2020 election) that represent the "southeastern quadrant" of the United States.
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Is "wokeism" breaking the country into two competing economies (defined by geographic boundaries that are not so different from those of America's actual Civil War)?
Trish Regan and Rob Hordon, Co-Founders of 76research, share their thoughts on this new venture. The Texas Stock Exchange is expected to differentiate itself from the NYSE/Nasdaq duopoly by rejecting "woke" listing requirements. Trish and Rob explore the political dimensions of this new venture and how it reflects widespread dissatisfaction with the DEI (Diversity, Equity and Inclusion) and ESG (Environmental, Social and Governance) movements (including climate-related restrictions that are extremely problematic for the energy sector). They also examine BlackRock's motivations here, and why the asset management giant, which has been an advocate for ESG, is potentially involved.
#texasbusiness #citadel #blackrock #kengriffin #larryfink #esg #dei #wokeism #nyse #trishregan #nasdaq #redstate #civilwar #antiwoke #privateequity #dallas #probusiness #diversityequityinclusion #energystocks #trump #climatechange #disney
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