03/16/10 Stockholm, Sweden – Oliver Stone’s latest effort to tap into the “collective unconscious” of Americans at this juncture in history by releasing a “Wall Street” movie sequel could indicate that a new economic collapse is in the offing. Or, so suggests Paul Farrell in a recent MarketMatch commentary.
The new film, “Wall Street: Money Never Sleeps” (trailer below), is coming to movie theaters about 23 years after the original was released. Yet, Farrell reminds us that the timing may not be as arbitrary as it seems. The first “Wall Street” film arrived in theaters just prior to 1987’s Black Monday, when the Dow fell by a precipitous 23 percent.
Here’s his reasoning…
“Seriously, why now? Why after 23 years, did Stone decide to update the message of his famous 1987 movie. Great question: The interviewer was Michael Lewis, former Salomon trader, author of ‘Liar’s Poker,’ a guy who understands Wall Street’s soul.
“Stone’s answer is in ‘Greed Never Left,’ Lewis’ Vanity Fair review of Stone’s new movie, ‘Wall Street: Money Never Sleeps.’ Stone had to think about it: ‘Why did I go back?’ Why? ‘Because it’s important. It’s the collapse of capitalism and the collapse of our society. It is. Our way of life is going to change.’
“The collapse of capitalism? Not just a stock market crash. He’s predicting the ‘collapse of our society.’ Worse, Stone’s predicting: ‘Our way of life is going to change.’ Is this really a market-timing signal? Hey, it was in 1987. Will history repeat? The odds say yes.”
It’s not clear what “odds” Farrell is referring to… nor does it sound like the most credible or scientific theory… but it sure is creative. Aside from the movie, he points to a number of cultural touchstones that, by his description, support the same conclusion. A biased process of data collection no doubt, but the movie is set to be released on September 24, 2010… so we’ll know soon enough.
You can read more about the details and the additional sources he cites in MarketWatch commentary on how the “Wall Street” sequel is an omen of US collapse.
Best,
Rocky Vega,
The Daily Reckoning
P.S. Here’s the trailer…
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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it’s sickening to hear those voices talk about “colapse of capitalism” when the problem comes from centralised planning of Washington ! It really re-affirms the collapse of socialism, if we needed add’l proof for that. Oliver S and all others like him ? What a band of spoiled imbecils !
Ah, Chris spoken like a true crusader for the capitalist cause. “band of spoiled imbeciles” is a truly inspiring argument.
Like .99cents is so much lower than $1.00. Pitiful
I know I always look to Hollywood and Oliver Stone in particular to explain the Zeitgeist to me. Doesn’t everyone? If Oliver says so it must be true.
Chris, you just hit the nail, it was the government who created the housing act in 1995, it was the government who kill the glass-steagal act, it was fannie mae, freddie mac and the FED the ones who bring our mess..