Quick drops in EUR, GBP, CAD, gold and AUD in the past few minutes. IMF headlines continue to cross but I don’t see anything anything that would spark this kind of reaction. One interesting comment: Clear that financial markets are ‘ahead’ of the real economy, not clear if this optimism is creating a ‘bubble.’ The word ‘bubble’ from an official is always a bit scary but not scary enough to whack markets this hard. (full story)