Highlights The US Innovation and Competition Act shows that the US is rediscovering industrial policy amid domestic populism and foreign geopolitical risk. Fiscal accommodation is a basis for the economy to improve, political…
According to BCA Research’s US Political Strategy service, the US Innovation and Competition Act (USICA) will produce a mini-boom in US productivity. The Senate’s passage of the Innovation and Competition Act on…
The Group of Seven meeting in the UK on June 11-13 highlighted the rhetorical shift among western democracies as they attempt to recover their political support in the wake of the global pandemic and recession. The joint…
Highlights Geopolitical risk is trickling back into financial markets. China’s fiscal-and-credit impulse collapsed again. The Global Economic Policy Uncertainty Index is ticking back up after the sharp drop from 2020. All of our…
Highlights US labor-market disappointments notwithstanding, the global recovery being propelled by real GDP growth in the world's major economies is on track to be the strongest in 80 years. This growth will fuel commodity demand,…
The Global Policy Uncertainty Index is falling sharply and is now at the lowest level since April 2019. The decline is consistent with positive global pandemic developments which are supporting economic recoveries worldwide.…
Highlights The Fed’s independence from politics is illusory. President Biden has the potential to reshape the Fed’s Board of Governors through three personnel picks, two of which are due by January 2022. While monetary…
Germany’s latest state election confirms that German politics pose an upside risk to both the euro and European equity markets this year. The federal election on September 26 is important because it will determine who…
Highlights Political and corporate climate activism will increase the cost of developing the resources required to produce and deliver energy going forward – e.g., oil and gas wells; pipelines; copper mines, and refineries. Over…