Dan Kemp: 'It isn't the economy, stupid!'

Valuation-driven approach

clock • 4 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read