{"id":1146,"date":"2008-10-17T06:48:45","date_gmt":"2008-10-17T05:48:45","guid":{"rendered":"http:\/\/www.rogerdarlington.me.uk\/wordpress\/?p=1146"},"modified":"2008-10-17T06:48:45","modified_gmt":"2008-10-17T05:48:45","slug":"who-or-what-caused-this-financial-crisis","status":"publish","type":"post","link":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=1146","title":{"rendered":"Who &#8211; or what &#8211; caused this financial crisis?"},"content":{"rendered":"<p>There are lots of candidates for blame over the crisis facing the world&#8217;s financial markets: the bankers, the speculators, the regulators, the politicians, or all of us for racking up debt and being so greedy.<br \/>\nBut there&#8217;s another possible culprit: computer software. Apparently calculating whether to buy or sell shares &#8211; and especially derivatives &#8211; is too complicated and time-sensitive that humans cannot do it and software based on complicated algorithms has been doing it for us. So it&#8217;s the machines that provoked the crisis.<br \/>\nYou can read a discussion of this theory <a href=\"http:\/\/www.guardian.co.uk\/technology\/2008\/oct\/16\/computing-software-financial-crisis\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are lots of candidates for blame over the crisis facing the world&#8217;s financial markets: the bankers, the speculators, the regulators, the politicians, or all of us for racking up debt and being so greedy. But there&#8217;s another possible culprit: computer software. Apparently calculating whether to buy or sell shares &#8211; and especially derivatives &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1146","post","type-post","status-publish","format-standard","hentry","category-world-current-affairs"],"_links":{"self":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/1146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1146"}],"version-history":[{"count":0,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/1146\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1146"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}