BCA Research’s US Political Strategy service believes that President Biden’s political capital is high enough for him to accomplish a major legislative achievement. President Biden’s popularity is “fair…
Biden’s first 100 days can be summed up as the return of Big Government, i.e. “the Leviathan.” But markets are not afraid of one-off corporate tax hikes that only partially reverse the previous administration’s…
According to BCA Research’s Geopolitical Strategy service, the implication of Biden’s spending blowout is reflationary for the global economy, cyclically negative for the US dollar, and positive for global equities…
Highlights Biden’s first 100 days are characterized by a liberal spend-and-tax agenda unseen since the 1960s. It is not a “bait and switch,” however. Voters do not care about deficits and debt. At least not for now.…
The Bank of Russia raised the benchmark interest rate by 50 basis points to 5.0% on Friday, 25 bps more than expected. The central bank also increased its 2021 inflation forecast to 4.7-5.2% and argued that inflationary risks…
Global fiscal stimulus remains strong and will likely peak this year. Our Geopolitical Strategy service updated its long-running tally of global fiscal stimulus to bring it into line with the latest statistics from the IMF on net…
Highlights Geopolitical risk is rising once again after a big drop-off in risk during the pandemic and snapback. The Biden administration faces three critical foreign policy tests: China/Taiwan, Russia/Ukraine, and Israel/Iran.…