Ever since Congress and regulators failed to fix the sales incentives that drove us to the epic global meltdown of 2008, Ive been watching for the next debacle and I think its finally coming into view.
If Im right, were approaching a confluence of failures that will feed on each other. The next great debacle will end up tarnishing (yet again) Wall Streets reputation. But this time Im afraid it will also stain the good name of financial planners and advisors.
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