The Economist has this piece on the risk of global recession. New Zealand's economy has been and remains in pretty good shape - but a global slow-down would have far-reaching consequences for us. Without good management we could be susceptible too. Sooner or later, a recession will come. When they do, there are predictable impacts on financial advisers: investment advisers face panicky clients that want to jump just at the wrong time. For insurance advisers there are cancellations and increased claims.