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…
Highlights President Biden has called for the US intelligence community to investigate the origins of COVID-19 and one of Biden’s top diplomats has stated the obvious: the era of “engagement” with China is over. This…
Highlights China's high-profile jawboning draws attention to tightness in metals markets, and raises the odds the State Reserve Board (SRB) will release some of its massive copper and aluminum stockpiles in the near future. Over…
Highlights Global stocks are very vulnerable to a correction. But cyclically the Fed is committed to an inflation overshoot and the global economy is recovering. China’s fiscal-and-credit impulse fell sharply, which leaves global…
BCA Research’s US Political Strategy service argues that while Republicans are favored to win a majority in the House of Representatives, there is a non-negligible risk that Democrats will retain the House. First, the…
The United Kingdom will remain united – at least for now. The Scottish parliamentary election occurred on May 6 and the result does not herald a second Scottish independence referendum anytime soon. The Scottish National…