[ExI] Financial crisis in USA - Prediction of Creative Pollution

[G P SINGH]

Reccession is fundamental cause of now a days troubles. First there  
was three  "concurrant" crises, food prize crisis, Oil prize crisis  
and energy crisis. So now is it converged crisis or those crises are  
just got eclipsed by this financial crisis termed as reccession. Even  
today it is a mystery that how great depression happened ? And it is  
also a mystery that how it got over ?

So if we want to call ourselves as futurists then we need to find out  
exact cause and mechanism of reccession... How and Why? Is it because  
of unscrupulous lending by banks who has some of the best brains of  
B-Schools ? if yes then what about technologists like us were doing  
when they were messing up. Did we contributed anything in finding out  
the faint signs of disaster by observing the readings on wall.

If we want to be in the future state then we must have a 'scientific'  
mechanism to predict the financial earthquake like this. We also  
should have detection capability to identify the "creative pollution"  
of few who are creating financial instruments like CDOs etc. Is there  
anything like prism which seperate vision into its components and we  
can see the impact. I am not becoming skinnerian here by bringing in  
deterministic view of future. Just an INDEPENDENT early warning system.

Any bricks ?

GP