Despite recent downturns in equities, central banks are still quite accommodative.
Investors may need to prepare for tighter monetary policy than they now expect.
Manufacturing stabilized in April after first-quarter slowdown.
Economists on Wall Street and beyond are sticking to forecasts for another solid economic expansion in 2018.
Any correction would be “probably not as bad as 1929, but it could be disruptive,” Shiller said.
Goldman Sachs and Barclays economists are the most bullish in predicting global growth will reach 4 percent next year.
The prime minister sparked irritation in financial markets over her Brexit speech.
Morgan Stanley followed Goldman Sachs in predicting the U.K. will prove stronger than economists anticipated after Brexit.
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