The sycilla of the makets has once again demonstrated its self-appointed role as canary in the mindshaft for emerging market risk.
...and once again, the world is reminded that the U.S. $ is the reserve currency of choice whenever political instability requires a safe haven to move (hide?) capital. This is another reason the Recapitulator has been bullish on the dollar - human behavior certainly demonstrates some mean reversion (with an optimistic drift term thrown in there to account for the massive upward surge mankind has experienced in the last 180 years) - and things have been historically quiet on the political front as of late.
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