Econophysicist Predicts Chinese Market Collapse

jul 14th, 2009

OT: une bonne "bastille day" pour mes ami(e)s francaises! aux barricades!

oh, and if you have some spare change, short the shanghai market, according to this article.

---------- Forwarded message ----------
From: Girish

http://www.technologyreview.com/blog/arxiv/23839/   The theorist behind this prediction is Didier Sornette at the Swiss Federal Institute of Technology in Zurich, who has pioneered the study of market bubbles. The tell tale sign of a bubble, he says, is a faster than exponential growth rate caused by a positive feedback mechanism that generates this non-linear growth.