Turbulent times ahead: Q&A with economist Didier Sornette

Think Economics

TED Blog

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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Introducing the TEDGlobal 2013 speaker lineup

TED Blog

Few sensations feel better than when your mind does a backflip and, all of a sudden, you are suddenly able to see things in new and unexpected ways. At TEDGlobal 2013, themed “Think Again,” you’ll have this feeling often. “The approach we adopted,” explains TEDGlobal curator Bruno Giussani, “is to take a closer look at the global remix happening before our eyes as power shifts, culture and technology intersect, and hopes and anxieties collide. Many things we think we know may have to be reconsidered — and that’s what this program is designed to explore.” With speakers including biologists, economists, neuroscientists, architects, technologists, activists, artists, a “gentleman thief” and the former Prime Minister of Greece, the program is packed with speakers who take bold new looks at the topics that most intrigue us.

TEDGlobal 2013 will take place June 10 to 14, 2013, in Edinburgh, Scotland — one of the…

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