He reckons the world does not have to become a lot more scary, to see a very large increase in demand for "safe" assets like gilts - and a correspondingly sharp decline in the interest rate which the government needs to pay.
And that makes the next 18 hours or so veryscary indeed for homeowners like us surrounded by tall trees, not to mention our friends living by the beach who have all hopefully evacuated by now.
"They don't have a plan, which is veryscary, or they do have a plan, and they're just not telling us, " Louie Nikolaidis, a lawyer for the New York Metro Area Postal Workers Union, said immediately after the meeting.