As recession looms Dan Kemp looks at how advisers can best help cautious clients and outlines three key lessons drawn from behavioural science...
Thirty years ago, Bill Clinton rode to victory in the US presidential election on the slogan ‘It's the economy, stupid', a phrase that was originally devised by Clinton's strategist, James Carville, to remind the campaign that voters become myopically focused on the near-term future of the economy when confronted by a recession. Faced with high inflation and a weakening economy, we are seeing echoes of Carville's slogan in the concerns of investors in 2022; concerns that have been exacerbated by the sharp declines in asset prices over the first half of the year. This fall in asset prices...
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