Description: This article presents a hypothesis that the market cycles are primarily created by human actions, behavior and assumptions rather than by random variables. An analysis of main financial events over the last decade reveals that: a Every one of these events has had a human touch b The current financial crisis is an aftermath of the excessive economic boom during this period and c A new economy must emerge from human ingenuity and innovation.

Description: A comprehensive analysis of the current economic crisis and risk management that considers the social and political behavior of people.

Description: The author notes “a telescope and a kaleidoscope both provide a view but that is where the similarities end. A telescope shows us an actual view whereas a kaleidoscope creates a view from broken pieces of glass. This article will analyze which analogy is closer to the stochastic modeling of interest rate or stock market projections.”