Against a background of global markets surging to new highs, the World Economic Forum has barely registered the problem of assets bubbles in its annual global risks perception survey ahead of its 50th annual meeting in Davos, Switzerland, next week.

It says a lot about the world's complacency about escalating asset prices fuelled by record-low interest rates that the survey ranks asset bubbles on the outer perimeter of its matrix of global risks over the next 10 years.