In the News (from The Financial Times): “How science can prevent the next bubble” There have been many calls for building a financial forecasting service. The proposal is to set up an independent agency, making full use of the internet and grid computing to provide enough warning when the next financial storm is brewing. We need to dig deeper and track the complexity of interactions in financial markets by collecting and analyzing the tick-by-tick data that markets spew out. This will offer an early warning of dangerous misalignments between prices and risk premiums.
My Comment: People still do not understand that the root of the crisis is our incorrect, individualistic, egoistic behavior in a world that’s global, integral, unified and completely interdependent. It won’t help us to have more knowledge about what is happening, because it is we who must become equivalent to the world in which we live.
The world began to be what it is today nearly a hundred years ago. In fact, 70 years ago Baal HaSulam wrote that humanity had already become one family. Today, just like we teach our children how to live in this world, we too have to learn how to live in the new conditions of total interdependence with each other.