All major economies clocked good GDP growth in 2017, at least by recent standards.The synchronisation of all major economies generates good momentum into 2018. Unfortunately, the good news rests on a fragile foundation: the biggest asset bubble in history. Just like in 2008.In the last three decades, the causality between economic growth and financial market has often been reversed. Hence, 2018 won't kill the speculators of the world.But 2018 will teach them a lesson or two. If the global asset bubble bursts, the economy will slide into recession .

Source: Economic Times February 08, 2018 17:15 UTC