Special Report

Dear Clients, This week we are re-publishing an excellent Special Report written by our geopolitical team that appeared in the January 2018 Bank Credit Analyst. The recent removal of term limits on the Chinese presidency, a move that…

Special Report

Media reports warn of a "Robot Apocalypse" that is already laying waste to jobs and depressing wages on a broad scale. Technological advance in the past has not prevented improving living standards or led to ever rising…

Highlights The "Pocketbook Voter Theory" says that voters will reward politicians who deliver economic success; Nevertheless, congressional Republicans face significant headwinds in the mid-term elections in November; The…

Special Report

2018 is a pivotal year for China, as it will set the trajectory for President Xi Jinping's second term ... and he may not step down in 2022. Poverty, inequality, and middle-class angst are structural and persistent threats to China…

Special Report

2018 is a pivotal year for China, as it will set the trajectory for President Xi Jinping's second term ... and he may not step down in 2022. Poverty, inequality, and middle-class angst are structural and persistent threats to China…

Highlights Global bourses celebrated solid earnings growth and the passage of U.S. tax cuts heading into year-end. The direct effect of the tax cuts will likely boost U.S. real GDP growth in 2018 by 0.2 to 0.3 percentage points. It…

Special Report

Dear Client, In addition to this Special Report, we are publishing our monthly Tactical Asset Allocation table and supporting indicators today. These can be accessed directly from our website. Best regards, Peter Berezin, Chief Global…

Special Report

Dear Client, This month's Special Report is written by my colleague, Peter Berezin, Chief Global Strategist. Peter highlights three key demographic trends that will shape financial markets in the coming decades. His non-consensus…

Special Report

Dear Client, I am visiting clients in Asia. Along with a brief Weekly Report, we are sending you this Special Report written by my colleague Marko Papic, Chief Strategist of BCA's Geopolitical Strategy service. Marko argues that the U.…

Special Report

Highlights The United States has produced too many elites, while popular well-being has fallen; Elite-controlled institutions have failed to protect households from the negatives of globalization and technological change; Tribalism,…