Investors may be kidding themselves into believing the Asian financial typhoon will blow over as quickly as Mexico's currency debacle did three years ago.

Last week, sunny optimism prevailed as the stock market hit new highs, with even bank stocks belatedly joining the party. But several economists warn of clouds on the horizon.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.