There is a silver lining though: just as it has over the past 3 years, the world's Bernanke Put "Heads I win, Tails the world blows up" hub may survive simply courtesy of being in the eye of the Hurricane. Alas, this time around, the other side will arrive much faster: after all the Fed can not print windbreaks.
Wind speed map:
and probability map:
And some more from CNN:
Three governors declared states of emergency Thursday as Hurricane Irene threatened to wreak havoc along the United States' Eastern Seaboard.
Virginia Gov. Bob McDonnell and New Jersey Gov. Chris Christie declared emergencies for their states, while North Carolina Gov. Beverly Perdue declared a state of emergency in counties east of Interstate 95. The emergency declarations allow states to free funds and prepare resources that may be needed.
If Irene continues along its current track, "from a flooding perspective, this could be a hundred-year event," Christie said. He encouraged voluntary evacuations to begin immediately. "Anybody who is on a barrier island should go," he said, adding that on Friday people along the beaches should start thinking about moving to higher ground.
Christie said it was too soon to know whether there will be mandatory evacuations.
In parts of North Carolina, mandatory evacuations were under way Thursday.
The military moved more than two dozen ships out to sea ahead of the storm.
As of 11 a.m. ET, the Category 3 storm was pounding the northwestern Bahamas, with its core approaching Abaco Island, the National Hurricane Center said.
"The core of the hurricane will continue to move over the northwestern Bahamas today, and pass well offshore of the east coast of central and north Florida tonight and early Friday. The hurricane is forecast to approach the coast of North Carolina on Saturday," the center's advisory said.
Maximum sustained winds were at 115 mph as the storm worked its way northwest.