Where to talk crisis stuff October 9, 2008 2:15 PM   Subscribe

Do we have a thread somewhere for this week's market crisis?

Not only are the lending markets in a death spiral, but now we have the equity markets cratering with the DJIA down to 8500 this afternoon. The weeklong odyssey of this crisis is alarming but doesn't really fit the short-attention-span style of the front page. I'm looking to read more with sensible people like those on MeFi.

So... is there a thread somewhere for this? Could there be a front page sideblog for the relevant discussion thread? If MeFi isn't the place, is there a good website you all prefer for thoughtful and interesting discussion of the crisis?
posted by crapmatic to MetaFilter-Related at 2:15 PM (41 comments total)

We're hedging our comments across multiple threads in case one of them gets a sudden injection of insightiquidity
posted by bonaldi at 2:28 PM on October 9, 2008 [16 favorites]


Personally I want to know why the fuck my MeFi membership is now only worth $1.20.

I honestly didn't realise when I made my initial investment that MeFi was carrying so many sub-prime users.
posted by the quidnunc kid at 2:30 PM on October 9, 2008 [19 favorites]


You want the "Summon Mutant" card.
posted by cimbrog at 2:33 PM on October 9, 2008 [1 favorite]


You just activated my trap card.
posted by turgid dahlia at 2:34 PM on October 9, 2008 [1 favorite]


You just activated my trap card.

Would that be the "Summon Malor" card?
posted by cimbrog at 2:37 PM on October 9, 2008 [1 favorite]


Paulson: Bernanke, what does your blackberry say about the DJIA?

Bernanke: It's under nine thousaaaaaaand! *crushes blackberry with fist*
posted by hellojed at 2:39 PM on October 9, 2008 [15 favorites]


I know that lately during electiontime the site has been getting a lot more discussion-y with longer threads on current event topics but we're not likely to enable that any more than we have been. No thread about the mess lately seems like THE thread so maybe we'll have to keep our eye open to see if one turns into that. With a lot of these current events threads, even though discussion gets heated and generates a lot of comment flags, the threads themselves don't get many flags and so we usually just leave them be unless they're really obvious dupes.
posted by jessamyn (staff) at 2:52 PM on October 9, 2008


At my firm, we're having our twice-daily group therapy sessions in the stairwell - one at lunch and again after the close. This afternoon's topic was about whether or not we should buy handguns to help us cope with this shit. Drinks are on the house.
posted by milkrate at 3:03 PM on October 9, 2008


So... is there a thread somewhere for this?

Quick, somebody say something about the Marianas Trench...
posted by Cool Papa Bell at 3:04 PM on October 9, 2008


Personally I want to know why the fuck my MeFi membership is now only worth $1.20.

I honestly didn't realise when I made my initial investment that MeFi was carrying so many sub-prime users.


I always try to diversify my MeFi investments with extra accounts, so I'll always have a Pot to piss in.
posted by It's Raining Florence Henderson at 3:10 PM on October 9, 2008


The Mariana Trench forms the boundary between two tectonic plates, where the Pacific Plate is subducted beneath the Philippine Plate.
posted by churl at 3:30 PM on October 9, 2008


Just hijack one of the Iceland threads.
posted by strangeleftydoublethink at 3:45 PM on October 9, 2008


Have another Ketel One, Flo.
posted by cortex (staff) at 3:51 PM on October 9, 2008


If you're buying, I'm drinking!
posted by It's Raining Florence Henderson at 3:53 PM on October 9, 2008


What about the Marinara Trench?
posted by wierdo at 4:10 PM on October 9, 2008


No, Mariana Trench is a lush and a lousy tipper besides.
posted by cortex (staff) at 4:12 PM on October 9, 2008


OH HAI I AM FAIL AT READING
posted by cortex (staff) at 4:13 PM on October 9, 2008


What about the Marinara Trench?
A saucy, saucy wench!
posted by It's Raining Florence Henderson at 4:22 PM on October 9, 2008 [1 favorite]


Hopefully the necessity will inspire some creativity in the form of an awesome FPP. This is what I keep coming back to this place for. You guys never fail to deliver. During the staggeringly long Palin thread, I remember wondering if there would possibly another one like it to discuss politics. Look where we are now...so many threads, so little time!
posted by iamkimiam at 5:20 PM on October 9, 2008


You might want to check out my AskMe.
posted by weapons-grade pandemonium at 5:47 PM on October 9, 2008


Hang Seng just opened, down 8% from yesterday.. yikes.
posted by crapmatic at 7:08 PM on October 9, 2008


Seen what happened in the Nikkei's first hour?
posted by bonaldi at 7:42 PM on October 9, 2008 [1 favorite]


Personally I want to know why the fuck my MeFi membership is now only worth $1.20.
I was told in times like these it would be worth a million!

inspire some creativity in the form of an awesome FPP.
not as long as we have idiots linking to idiots who have made videos of other idiots behaving like aforementioned idiots in some vaguely political context. this is after all an important election.
posted by krautland at 8:01 PM on October 9, 2008


Marianas Trench is the worst drag queen I've ever twice.
posted by Slack-a-gogo at 8:03 PM on October 9, 2008


I'm ignoring/denying the financial c----s so this is working well for me.
posted by longsleeves at 8:29 PM on October 9, 2008


You can ignore/deny them all you want, but -- like it or not -- financial cocks still control everything.
posted by churl at 8:40 PM on October 9, 2008 [1 favorite]


Marianas Trench is the worst drag queen I've ever twice.

Did she accidentally the whole thing?
posted by blasdelf at 12:45 AM on October 10, 2008 [1 favorite]


Twice!
posted by flabdablet at 12:51 AM on October 10, 2008 [1 favorite]


"Financial cocks". I like that. You know what my friend said the other day? "Ridiculous countries". Made my day.

If you just imagine you live in a world where Madlibs haven't been invented yet, you will be so much happier and more easily amused.
posted by goodnewsfortheinsane at 1:19 AM on October 10, 2008


> You want the "Summon Mutant" card.

You got your wish:

http://www.metafilter.com/75540/Another-potentially-huge-settlement-day-for-CDS-contracts
posted by sdodd at 2:58 AM on October 10, 2008


crapmatic, there is now a relevant thread.
posted by nthdegx at 7:21 AM on October 10, 2008


D'oh, cortex deleted it.

Ahh well, from what I've gathered in the comments it looks as though Monday is going to be a real barn-burner, so maybe an OMGWTFCRASH thread will be allowed up when the DJIA drops 10% or something.
posted by hellojed at 7:32 AM on October 10, 2008


crapmatic, there is now a nonevent thread.
posted by nthdegx at 8:00 AM on October 10, 2008


Perhaps a post to thank the French for their remarkable restraint in not pointing and laughing at the silly Anglo-Saxons and their yo-yo economies, despite having to listen to years of tedious lectures from us on deregulation, efficiency and the neoliberal way of screwing the citizenry?
posted by Abiezer at 8:04 AM on October 10, 2008


In the meantime, you can get some current events from blogs like The Big Picture, Calculated Risk, Naked Capitalism or, if you really want to talk doomsday scenarios (pdf), you can read Roubini.
posted by salvia at 8:36 AM on October 10, 2008


I dunno Abiezer, in this episode of From Our Own Correspondent, BBC reporter Emma Jane Kirby gets an earful from her optométriste about the profligacy of les Anglais.

I had no idea the French were known for their tightwaddery, I've never felt closer to my heritage than I do now.
posted by Alvy Ampersand at 8:47 AM on October 10, 2008


I hope you're not suggesting I had any idea what the fuck I was on about when I made that kneejerk comment, Alvy. Surely you know me better than that?
posted by Abiezer at 8:49 AM on October 10, 2008


MetaFilter: I hope you're not suggesting I had any idea what the fuck I was on about when I made that kneejerk comment
posted by It's Raining Florence Henderson at 9:05 AM on October 10, 2008 [2 favorites]


Secretary Paulson's message to the world.
posted by Pollomacho at 9:21 AM on October 10, 2008


You want the "Summon Mutant" card.

Your wish is granted.

*poof*
posted by goodnewsfortheinsane at 3:27 PM on October 10, 2008 [3 favorites]


btw, just got my TIAA CREF quarterly report, or rather received it by email on the 4th and had been ignoring it assiduously until tonight, with a single malt in hand, I logged in.

-21% change since June

woo hoo, working my ass off for the next 80 years, here I come
posted by infini at 9:23 AM on October 11, 2008


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