Wall Street: A Field of Dreams
Wall Street is where dreams of extraordinary riches can come true. There are many stories of people starting in the mail room and working their way up to the corner office and receiving million dollar pay checks. So in the past, those seeking their fortunes often ventured to the heart of the financial world. But those dreams have turned into nightmares for some following the internet bubble of 2000, the housing bubble of 2006, the credit crisis of 2008 and possibly the biggest terror of all the sovereign debt crisis of 2012. But hope springs eternal and in the land where money never sleeps.
Wall Street Jobs
Wall Street Jobs used to be what everyone wanted to get after they graduated from a top tier school. They held the promise of untold riches and power beyond belief. They were also very prestigious too. But now the bloom is off the rose. Many of the top CEOs of financial firms are being vilified for taking million dollar and even billion dollar bonuses after their firms received billions in aid from the U.S. tax payer. Now some are even ashamed to say that they work on Wall Street. And in fact several firms have announced massive layoffs. Perhaps, one day, Wall Street Jobs will regain their cachet, but right now they are a little less illustrious. But they still do pay well, a top hedge fund manager can still take home a billion dollars a year and this amount of money certainly beats the take home pay of a hawaii dentist, no matter how good they are.
Wall Street Journal
The Wall Street Journal or the Wall Street J as it is more commonly known has been continuously reporting all of the financial news that is fit to print since 1889. It is the heavy weight champion among financial papers as it has won the Pulitzer Prize thirty three times in its storied history. It is the largest newspaper in the entire United States and is highly esteemed for its coverage of the financial markets. It was started by Charles Dow, whose moniker is also used in the most famous stock index in the world, the Dow Jones Industrial Average.
What Is Wall Street
Wall Street is a place and it is also a state of mind. Wall Street is an eight block street located in New York, but it is much more than that. It is the financial capital of the world, though it is slowly losing its cachet to other venues. At one point, long ago, Wall Street did indeed have a wall, but that wall is long gone and replaced with massive skyscrapers and financial institutions like the New York Stock Exchange and the NASDAQ. Wall Street is a place where many go to seek their fortunes and attempt to grab their piece of the trillions of dollars that change hands there each year. Some succeed and become billionaires and others fail and move on. Wall Street also represents the American ideal that even the lowliest mail room clerk can climb up the corporate ladder and become wealthy beyond their wildest dreams. And indeed, more than a few have done this and gone on to amass great fortunes.
Wall Street Movie 2010
Wall Street 2 or Wall Street: Money Never Sleeps was released in 2010. This exceptional film focused on the events surrounding the financial crisis of 2008, which many believe are just a precursor to the real financial spectacle that is about to occur as the sovereign debt crisis reaches a phase transition and is about to go supercritical. The movie starred Shia LaBeouf as an impressionable young man trying to do the right thing and Michael Douglas as the cold, heartless financier, who would sell out his mother to turn a quick buck. Of course things get interesting as LaBeouf is engaged to Douglas’s daughter and entering the orbit of the financial black hole that Douglas represents.
Comments are closed.