Reference: Confusion spreading faster than swine flu, Bangkok Post, April 28, 2009

When a swap dealer in London holds credit default swaps from banks in the USA, the "spreading" of financial "contagion" is already in place even before the disease has struck and when the default does occur its effect is immediately felt in all places where the financial deals already exist. There is no "spreading" that occurs post hoc. Relating the global financial meltdown to a viral contagion is itself the kind of false analogy that spreads confusion and so I suppose the article itself (Confusion spreading faster than swine flu, Bangkok Post, April 28, 2009) demonstrates its own thesis.

Cha-am Jamal

Thailand