The narrative on China is changing post the recent stimulus measures, and it will be hard for global investors to ignore the Chinese markets.
'Rhetoric and chest-thumping are running high on India's recent growth record.'
'But will the giant waves developing elsewhere allow us to sail smoothly into fair winds?' asks Debashis Basu.
Money will flow to Europe, Japan - and the emerging markets, including India.
Most expect these bubbles to break in short order and cause serious financial pain to anyone who's foolhardy enough to remain invested in financial assets.
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