Speaking on the programme Terry Smith, chief executive of Tullett Prebon, added that many investors around the world are "living in a fool's paradise", expecting regulatory bodies or governments to bail them out if things go wrong.

BBC: 'A debt-fuelled property binge'

The Pilgrim Fathers hoped for an earthly paradise without the sin and selfishness of the Old World.

ECONOMIST: Heaven on earth

Wall Street would also be wary: defence margins are thinner in Europe than in America, and Americans still think of Airbus as a workers' paradise, even though it has snatched half the world market from under Boeing's nose and makes profits.

ECONOMIST: Transatlantic aerobatics

At the foothills of the Himalayas lies the world's newest republic and, potentially, a tourists' paradise.

FORBES: Himalayan Vistas

Paradise became not just inaccessible, but something out of this world.

ECONOMIST: Heaven on earth

England captain David Beckham is still on course make the World Cup opener against Sweden as the countdown continues on the South Korean paradise island of Jeju.

BBC: Beckham stays on track

As the story goes, Wonder Woman was an Amazonian princess who left her home on Paradise Island to fight the "Axis powers" in the world of man.

CNN: Diane von Furstenberg, the Wonder Woman

"Part of the investment that Russia has made is not only what the world will see in Russia, but also they're building a winter paradise that they hope to showcase through the Olympic broadcast and attract tourism in the future, " says 2010 Vancouver champion Bill Demong, who competed at a Nordic combined skiing test event in Sochi last weekend.

CNN: February 8, 2013 -- Updated 1159 GMT (1959 HKT)

Town after town, Ragusa Ibla, Siracusa, Noto, Modica, offers World Heritage-protected loveliness, so much so that you fear an imminent bout of Paradise Syndrome.

BBC: Postcard from Southeast Sicily

But before her most recent reincarnation as a divers' paradise, the historic vessel cruised the waves as a U.S. transport ship during World War II.

CNN: March 7, 2013 -- Updated 1201 GMT (2001 HKT)