[willholloway]

That sounds very correct, and is true for all the dominant industries in New York: Finance, Fashion, Law & Media.

It leads to a lot of savage energy channeling through the system, a lot of deep career dissatisfaction and a feeling that someone, somewhere is tightening the rack, with you on it.

I suspect the only real winners in the city are the landlords.

Whatever the cause, in all my time on the road I have never come across such a congregation of pessimists as I did in New York.