Highlights China’s new plan for “common prosperity” is a long-term strategic plan to bulk up the middle class that will strengthen China – if it is implemented successfully. The record on implementing reforms…

Dear client,  In addition to this abridged Strategy Report, we are sending a report written by Arthur Budaghyan, Chief Strategist of BCA’s Emerging Market Investment service. Arthur shares his thoughts on the future of Chinese…

Special Report

Highlights With geopolitical risks increasing around China, India is attracting greater attention from global investors. India’s youthful demographics also mark a stark contrast with China. While this demographic dividend is…

Special Report

The inflation/deflation debate has been dominating the news flow and we are compelled to offer our thoughts in two-part series of Special Reports on this widely discussed, but also widely misunderstood topic. Over the past year, we…

Highlights Even though bonds have cheapened relative to stocks, the equity risk premium remains elevated. The end of the pandemic and supportive fiscal and monetary policies should buoy economic activity in the second half of the year…

Highlights With a vaccine already rolling out in the UK and soon in the US, investors have reason to be optimistic about next year. Government bond yields are rising, cyclical equities are outperforming defensives, international stocks…

Special Report

Highlights Public opinion has a significant impact on labor-management outcomes: Organized labor cannot make any headway unless elected officials and the courts give it a fighting chance. They will only do so if the public desires it…

Special Report

Highlights Strikes result from divergent perceptions of bargaining power: A strike reflects a negotiating failure, and negotiations fail when parties cannot agree on which side has the stronger position, typically because at least one…

Special Report

Highlights The balance of power in US labor negotiations has shifted infrequently in the industrial age: Management completely dominated labor before the New Deal, which gave rise to a 45-year labor golden age that lasted until the…

Special Report

Dear Client, This Special Report is the full transcript and slides of a presentation I recently gave at the London School of Economics symposium: 'Will I Work For AI, Or Will AI Work For Me?' The presentation pulls together…