Forecasting the stock market has a storied past of unfruitful predictions. But in today’s TED Talk, Didier Sornette shares how he and his research team have successfully identified unstable market bubbles and even predicted when they’ll pop. His findings, if accepted, could quite literally change the way we do business, by shifting how banks, traders and governments respond to apparent growth in individual markets.
One thing I feel I need to add. I read this post hoping to see something insightful but was, again, served the obvious. And therein lies my discontent with Western policies and public discourse in the West. My question when reading this was, "Why do you need a TED speaker, a supposed expert, to tell you what should be intuitive - what should be obvious? How can you all not see that a society that is comfortable with a culture of easy credit and debt is unhealthy? That the simple laws of supply and demand, no matter how many politicians and economists tell you otherwise, cannot be thwarted without consequence." But you know what? I'll put off my ranting about Americans because it will do no one any good. Not the American policy-maker or politician on Capitol Hill, not you, and not me. Maybe a blog post later. But I felt compelled to reblog this for your education and reading pleasure. And even after reading a post as hopelessly bleak as this, I'd still like to leave you with #PeaceAndIceCream