A specialist monitors prices from his post on the floor of the New York Stock Exchange. Global stock markets had a banner year overall in 2017, but current highs have left some concerned about an impending contraction. Photo: AP

The global asset bubble will burst – the only question is when, and how bad it will be

Andy Xie says we are seeing little concern about the swollen asset bubble, even though stock prices are higher than just before other crises and China is looking to slow the credit expansion that has propelled growth. It’s time to watch for signs of a coming contraction

Topic |   Global Financial Crisis

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A specialist monitors prices from his post on the floor of the New York Stock Exchange. Global stock markets had a banner year overall in 2017, but current highs have left some concerned about an impending contraction. Photo: AP
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