Did the bubble burst this week?
Traders on the world’s financial markets left for home last night counting their losses after a week of extreme turbulence that witnessed the biggest one-day fall in share prices in London and New York for three years.
Fears that rising inflation might prompt central banks to keep raising the cost of borrowing triggered a sell-off which sloshed through all markets – putting the skids under the dollar, sending commodity prices on a rollercoaster ride and prompting cautious investors to seek out the traditional safe haven of gold.
guardian.co.uk