When New York city is disabled, so is the U.S. stock market.
That is not a good thing.
They should have it set up so trading can continue without New York City.
I suspect it could be arranged without too much trouble. There is plenty of
trading nowadays that takes place in cyberspace.
It just illustrates how New York has a monopoly on this important
economic activity.
This is the 21st century. It is time for that monopoly to end.
Who knows what sort of event might cripple the New York exchange in the future.
We should not be vulnerable to this sort of thing in the age of the internet.
After 9/11 the markets were closed for an extended period. Now with a big storm called Sandy
the markets are closed again.
This hurts the entire economy. It spreads damage. We would benefit from a
better and more flexible system.
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