Here we go, here we go, here we go!

US investors are rushing for exits in risky markets across the world, accelerating an ugly sell-off in Turkey, Indonesia, India, Russia, and Brazil.

The sudden repatriation of funds back to America triggered a rebound in the dollar yesterday, halting the sharp slide that has transfixed financial markets over the past week.

"Risk aversion is taking over the show," said David Bloom, a currency expert at HSBC.
"Americans are pulling their money off the table and bringing it back home to mama. We saw the same repatriation after the 1987 crash, causing the dollar to rally for two or three days."

Mr Bloom said fears of a dollar collapse had been the chief source of contagion spreading worldwide, compounded by an inflation scare hitting bonds. After rallying 1.03pc against the euro to $1.2807, the slide is likely to resume soon.

"I expect the dollar to fall fast and furious against everything because the point of inflexion has been reached in US interest rates," he said

Is THIS it? Is it now the time when the secret governments come along and tell us that those 'we' elected have done, "a lousy job and if you let us govern we will make it all better!"

Who knows?