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
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.
In the talk, he hints at some of his most recent analysis: On May 17, 2013, he says, “we identified that the US stock market was on an unsustainable path, and we released on our website … that on the 21st of May, that there will be a change of course. And the next day, the market started to change course.”
We talked to him about this, and he was willing to go into more detail, starting with the graph below. On the left axis (in…
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