The seeds of turmoil, IBM's Tom Watson once warned, are sown in good times. We would do well to heed his advice. Neglecting nascent problems could be our undoing whenever the inevitable economic downturn finally strikes.

Despite last summer's liquidity crisis and a wave of consolidation, our industry has a lot going for it.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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