Ask No Monkey Business clients what they most value about our approach and they mostly answer ‘more certainty’. On the surface this is odd as one thing singling us out, which stems directly from how we model real equity returns, is that we tell people just how uncertain are their wealth outcomes when partly relying on the systematic risk inherent in equities.
read more Commentary by Stuart FowlerPublished in FT, 9th November 2008 (Article by Stuart Fowler)
read more News by Stuart FowlerAs befits our financial planning background, a theme of this blog for several years has been the excessive leveraging of household, corporate and government balance sheets. Economic activity grew faster than incomes and rising asset prices, particularly land prices, created a false impression of wealth (and of collateral for the banks lending the money).
read more Commentary by Stuart FowlerA popular theme today is that the scale of the credit crisis and its resistance to normal corrective mechanisms means we should dust off our history books and study the Depression economy of the 1930s.
read more Research by Stuart FowlerJapan’s ‘lost decade’ of the1990s is rapidly becoming the bogeyman of stories about the future for the world economy and stock markets in the wake of the credit crisis. The same fate supposedly awaits the US (and UK too) as payday for a decade of binge banking and mass delusion by bankers and their customers about house prices. In a new position paper, wealth manager No Monkey Business examines the relevance of Japan’s dire experience of the ’90s for other countries today.
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