Read blogs, scan Twitter, predict the future… profit?

Paul Raven @ 23-06-2010

So much for the nay-sayers, blog critics and Twitter h8rz: economic researchers reckon that keeping a weather eye on the internet Zeitgeist by scanning blogs and tweets for keywords could help predict stock price changes and other market behaviours!

Which is all very nice, so far as it goes. But given the events of the last few years, I think I’d rather hear stories about economists trying to discover how the global economy actually works as a system by analysing historical data, rather than trying to guess what it’ll do tomorrow by reading the internet’s tea leaves…

… yeah, I know, wishful thinking. Scratch a futurist, reveal an embittered utopian optimist. *shrug*

Be Sociable, Share!