When the end of the world actually occurs, there probably won’t be a lot of real-time coverage. Such is the nature of the beast – so we have to settle for small scale previews: our former colleague Dan is in Houston blogging Ike and the aftermath. He started with two thermoses of coffee; I have running bets going on how much remains at each 24 hour interval. 

Alternatively, the more data-centric disaster voyeurs can go to Bloomberg to watch real-time updates of futures for markets before they open in several hours (of course, you might do just as well to read tea-leaves for an accurate depiction of what’s going on). Given my Sinocentric view, I personally had a suspicion that CIC would be involved in a Lehman buy. A big bank failure might be a good thing – to demonstrate that it’s not going to be the end of the world. On the other hand, assuming the unlikely chance of such an event somehow leading to a major meltdown, best to face it as soon as possible. 

But it’s always prudent to diversify – let me know if you want me to convert your PesosDollars to People’s-Coin for safe keeping.