Music History

Can Music Trends Predict Stock Market Crashes? Maybe.

Here’s a thought-provoking article from Journal of Music. Just remember that correlation doesn’t mean causation.  Still…

The demise of the recording industry has been greatly exaggerated. There is, however, a far bigger crisis looming behind it.

It has all happened before. Not only was there a catastrophic record crash in the twenties and thirties, it was part of a deeper social malaise that eventually ripped the world in two. The question has to be asked: was the recent music industry crash really a result of the internet, or was it self-inflicted, and in fact is symptomatic of something far more serious in our society?

To measure the extent to which history is repeating itself today, we must view the history of recorded music through a human time-scale – thegeneration, that conveyor belt of children, each batch with its own distinct culture forged by world events, new technology and dominant fashions. Even technological formats, from the first phonograph cylinder to the MP3, seem to change every 20 to 25 years.

You’ll want to continue reading. Trust me.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Alan Cross has 38529 posts and counting. See all posts by Alan Cross

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