Pritchard suspects the link with fashion is central to changing appetites.
The transformation of parts of the area reflect society's changing appetites, but its vibe as an edgy bit of town and a place to have fun have not been lost.
Only last week Thomson Learning, an education business, found it surprisingly hard to issue covenant-lite loans as investors grew squeamish.A second place to watch for changing appetites to risk is in bridge finance.
David Elswood of Christie's, an auctioneer in London, says a case of Lafite Rothschild 1982 that cost £70,000 ($110,000) two years ago now goes for £30,000.The reason is changing appetites among Chinese buyers.
Not only were they able to capitalize on the changing appetites of native New Yorkers, but also the yearnings for familiar food of South Asians, who began settling in New York in greater numbers in the 1970's and 1980's.
Such risk-taking has been disturbingly scarce in America of late: the number of self-employed workers, job-creation at start-ups and the sums invested in businesses have been low.Though changing appetites for risk are central to booms and busts, economists have found it hard to explain their determinants.
That has a real biological effect, she said, changing hormones, appetite and mood.
But much of the power of conventional monetary policy raising or lowering interest rates comes from changing the appetite for risk of consumers and businesses, prompting them to delay or bring forward spending plans.
Human population growth and our habitat-destroying, climate-changing appetite for meat, energy and other resources are among the biggest threats to wildlife and the environment.
