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DIDIER SORNETTE ON THE FINANCIAL CRISIS

22 July 2009 by Cullen Roche 2 Comments

An must see lecture here on the financial crisis.  Sornette presents evidence and articulates a general framework that allows one to diagnose the fundamental cause of the unfolding financial and economic crisis: the accumulation of several bubbles and their interplay and mutual reinforcement has led to an illusion of a perpetual money machine allowing financial institutions to extract wealth from an unsustainable artificial process.

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Cullen Roche

Cullen Roche

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