The global economy is furiously weak, but politicians around the world are not seating idly by. The flood of stimulus unleashed over the course of the past two months dwarves the fiscal easing that followed the GFC. European…
US anti-lockdown protests spread over the weekend, as a small but growing number of Americans voiced their impatience with stay-at-home orders. The protests are occurring in the midst of a national conversation about when the US may be…
The global economy continues to be held hostage by the COVID-19 pandemic. Economic activity has plunged in countries around the world, owing to the severe containment measures enacted by policymakers to slow the spread of the disease.…
WTI crude oil delivered to Cushing in May 2020 is trading below $0.00/bbl as this note is typed, and falling fast (Chart 1). This is an historical print. WTI for June delivery is trading at ~ $22.00/bbl. What we are observing is the…
Last Friday, BCA Research's Global Investment Strategy service continued to recommend that investors favor global equities over bonds on a 12-month horizon, despite some near-term risks. Growth is likely to recover in the…
Highlights Over the past year we have discussed “peak polarization” for the United States with many clients. We have held the contrarian view that political animosities within the US are nearing their peak. Feature Prior to…
Highlights Risk assets have rallied thanks to a healthy dose of economic stimulus and mounting evidence that the number of new COVID-19 cases has peaked. Unfortunately, the odds of a second wave of infections remain high. In the…
Australia had managed the near-impossible feat of avoiding a recession since 1990/91. Even during the global post-GFC recession, the Australian economy avoided a contraction of two quarters or more thanks to the automatic…
Yesterday, BCA Research's Emerging Markets Strategy service combed through the capabilities of ASEAN and India to determine which country would win the battle against COVID-19. We compare the risk of critical illness in…