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Special Report Listen to a short summary of this report.         Executive Summary The Number Of Babies Born In China Has Fallen By Close To 30% Since 2019  The number of births collapsed during the pandemic. While…
Listen to a short summary of this report.     Executive Summary The Currency And Interest Rates: On A Collision Course?  The dip in the Swedish krona has priced in a recession in the domestic economy. If a…
Executive Summary The unemployment rate in the US stands at 3.6%, 0.4 percentage points below the FOMC’s estimate of full employment. Historically, the Fed’s efforts to nudge up the unemployment rate have failed: The US…
Executive Summary Equities Are Still Attractive Versus Bonds  Macroeconomic Outlook: Global growth will reaccelerate in the second half of this year provided a ceasefire in Ukraine is reached. Inflation will temporarily come…
Special Report Highlights There is no evidence of a decline in US corporate credit or bank lending spreads over the past few decades, meaning that any excess savings effect structurally depressing interest rates is occurring in the Treasury market. We…
Executive Summary Investors Think The Fed Will Not Be Able To Raise Rates Much Above 2%  The neutral rate of interest is 3%-to-4% in the United States. This is substantially higher than the market estimate of around 2%. It…
Special Report Executive Summary Brazil: Are Political & Macro Risks Priced-In?  Presidential elections are due in Brazil on October 2, 2022. While the left-of-center former President Lula da Silva will likely win, the road to his…
Special Report BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
Highlights We reformatted and added three sections to our existing trade tables: strategic themes, cyclical asset allocations and tactical investment recommendations. An extensive audit of our current trade book shows that our country…