This summer marks 10 years since the start of the financial crisis that wreaked chaos in global markets, and complacency could once again be leading us down a dangerous road, according to Alex Brazier, Bank of England director for financial stability. He recently warned against lenders entering into a "spiral of complacency" towards snowballing levels of consumer debt
But although he is worried, markets don't seem to be. Stock indices across the globe shot to new highs in July, with the US and emerging markets leading the charge. The S&P 500, Dow Jones and Nasdaq indices all clocked up new records.
Expectation-busting earnings from tech giants fuelled that. But David Scott, investment manager at wealth manager Andrews Gwynne, argues: