Morgan Stanley: DOL fiduciary rule turns brokerage business into a buy
Plus: Trump would dump Yellen, bracing for the next housing bubble, and 401(k) realities that should not be ignored
- Morgan Stanley believes the DOL rule is making the brokerage business a more interesting investment category. Something about a $22 trillion opportunity. “This opens up a larger addressable market than was possible in the past.”
- Would a Donald Trump presidency mean the end for Janet Yellen? That might be the only way we ever see higher interest rates. The “Fed is doing political things.”
- In case you’ve already forgotten about the last housing bubble, it’s time to start worrying about the next one. The key driver is loose monetary policy.
- Don’t ignore these realities about 401(k) plans. The 4% rule may not work.
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