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Predicting the Next Financial Crisis

 
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Stewart Goldwater



Joined: 04 Jul 2015
Posts: 7

PostPosted: Fri Feb 19, 2016 7:16 pm    Post subject: Predicting the Next Financial Crisis Reply with quote

BBC World Service: Science in Action
"Predicting the Next Financial Crisis"
Why do financial crises occur - and when will the next one
come? In the past, economic theory has failed to answer
these questions. In this week's Science Journal Perspectives,
economists, physicists, epidemiologists, climate scientists
and ecologists call to establish a new early warning system
to avoid future global financial crises. They argue that the
methods used by scientists to predict weather, traffic or
disease epidemics should be used to simulate the financial
systems, which could help to avoid the failures we have
seen in the past. Professor Doyne tells us how the analysis
of complex networks could and should be applied to the
economy.
http://www.bbc.co.uk/programmes/p03j5jmk
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This, I think, is the article refered to:
"Complexity theory and financial regulation"
http://science.sciencemag.org/content/351/6275/818.full#aff-2

This latter is open for comments - click on "eLetters"
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Simon McKenna



Joined: 09 Jul 2012
Posts: 80
Location: Canterbury, Kent, UK

PostPosted: Tue Feb 23, 2016 9:25 pm    Post subject: Reply with quote

Fred Harrison is the authority on this subject. He correctly predicted the last two. The next is scheduled for 2019. His predictions are based on the regular cycle of boom and bust essentially caused by private land ownership/speculation.
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Stewart Goldwater



Joined: 04 Jul 2015
Posts: 7

PostPosted: Fri Feb 26, 2016 9:51 am    Post subject: Reply with quote

Yes, that's exactly what I told 'em, however, they didn't see fit to publish it. No surprise there, then!
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