Wall Street 'Contagion'

After having followed the economic crisis in the news for two weeks now, one word has been popping up way too often: contagion. I decided to see how many times the financial debacle has been referred to as a 'contagion.' Right now on the MSNBC site, there's an article entitled 'As contagion spreads, moods abruptly shift.'

www.msnbc.msn.com...

Also within the article:

Yet the contagion continued.

I don't know about you, but when I hear 'contagion' I think of disease, plague, death. etc.

Definition: www.thefreedictionary.com...

The definition is first and foremost used in describing a contagious disease. It can also be used in reference to the spread of a behavioral pattern or emotional state, but I can guarantee you that most people reading the headlines will think of a deadly disease first, even if they know the full scope of the definition.

I did an ATS search, and there are 5 other threads quoting varying articles all using the word 'contagion' to describe what's happening.

I've linked to the threads themselves, as some of the news links have since been changed.

www.abovetopsecret.com...

WASHINGTON - The Federal Reserve was scrambling to prevent a "contagion" from infecting the nation's financial system when it took unprecedented actions to back a Bear Stearns rescue package and provide emergency loans to big Wall Street firms.

www.abovetopsecret.com...

The market is gripped by "subprime contagion," said Peter Boockvar, equity strategist at Miller Tabak.

www.abovetopsecret.com...

"There's a monster amount of fear out there. This is global contagion. It's no longer just the United States," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

www.abovetopsecret.com...

Fallout from the sudden demise this week of two of the world's biggest investment banks, combined with the struggle by American International Group Inc. to remain solvent, has made an already bad economy worse in the United States and risks triggering an international contagion, said Mr. Snow, who retired as President George W. Bush's secretary of the treasury in 2006.

www.abovetopsecret.com...

A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

The last quote above goes so far as to include 'contagion' with reference to birds, as in bird flu.

If the media doesn't get you by the goolies directly, they'll dip and double-dip into your subconscious to fish out that last bit of fear using whatever means necessary. Words with multiple meanings are great for causing confusion. How many people do you think were actually aware 'contagion' could be used in a financial sense before all this happened?

reply to post by Evasius


Hmmm how interesting to uncover this ol' thread. S&F

It's October 28th and I'm curious if there is a sinister plan to quietly unleash a contagious disease in a lab somewhere...

Oh yeah, then there's that duality thing again.

The timing of the movie Contagion...

www.youtube.com...

And dire US economical crisis raises questions in me.

Contagion refers to the idea that financial crises may spread from one institution to another, as when a bank run spreads from a few banks to many others, or from one country to another, as when currency crises, sovereign defaults, or stock market crashes spread across countries. When the failure of one particular financial institution threatens the stability of many other institutions, this is called systemic risk.[29]

Source

Just creative thinking out loud again.

Ta ta,

Toni

reply to post by Evasius


Good eye, Evasius.

I have always believed that certain words are used as codes for something else for those who are "in the know" and I must concur with your observations.

I, myself, keep my eyes and ears open for the word 'sustainable'.

I'd also like to add that the elite would consider the peons' actions to be a disease because it is attacking their creation, which has its own organic quality, and causing it to rot from the outside in like a gangrenous wound. So, in summation, one organic entity is being attacked by another organic entity and we can easily see why they're referring to the movement as a "contagion".

toxic paper

spreading as in contagion

the banking cartel is up to their eyeballs in a systematic failure

Wall Street the corporatist-fascist government, TPTB