Financial discourse of the 2007-2008 crisis: From unpredictability and explosion to predictability

Griselda Zárate, Homero Zambrano

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This paper aims to identify the inflection point in financial discourse, the moment of explosion and unpredictability in the 2007-2008 economic crisis, through an analysis of metaphors, and its relation to the concept of jumps in finance. The corpus is formed by articles dating from 2007-2008 published in The Wall Street Journal and related to the movements of the Standard & Poor's 500 index (S&P500) of the United States. For the purposes of this paper, two texts are analysed: "Traders in Lehman, AIG held out hope - Friday", and the speech "Four questions about the financial crisis" by Ben S. Bernanke. What is of particular interest is the transformation of unpredictability to predictability, as incorporated in this type of discourse to indicate a predetermined chain of events, chosen from a wide spectrum of possibilities. The theoretical framework draws on Juri Lotman's views on the concepts of explosion, unpredictability, inflection point and predictability.

Original languageEnglish
Pages (from-to)282-293
Number of pages12
JournalSign Systems Studies
Volume46
Issue number2-3
DOIs
Publication statusPublished - 2018
Externally publishedYes

Fingerprint

discourse
economic crisis
financial crisis
metaphor
finance
event
Discourse
Predictability
Unpredictability
Inflection
Finance
Financial Crisis
Wall Street Journal
Discourse Types
Economic Crisis
Jump
Theoretical Framework
Traders

All Science Journal Classification (ASJC) codes

  • Language and Linguistics
  • Linguistics and Language

Cite this

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Financial discourse of the 2007-2008 crisis : From unpredictability and explosion to predictability. / Zárate, Griselda; Zambrano, Homero.

In: Sign Systems Studies, Vol. 46, No. 2-3, 2018, p. 282-293.

Research output: Contribution to journalArticle

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