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  We expect Chinese policymakers to adopt a more pro-growth policy stance because they are spooked by the downtrend in their economy. While the Politburo Standing Committee has not abandoned its structural reform agenda, it…
  The BCA Geopolitical Strategy Presidential Election Model is a state-by-state model that uses political and economic variables to predict the Electoral College vote. The model would have predicted the past five elections…
  The history of US elections since 1860 shows a strong tendency for the incumbent party to hold the White House when the sitting president is running at the head of the ticket. This is especially true when there has not been a…
Special Report Mr. X and his daughter, Ms. X, are long-time BCA clients who visit our office toward the end of each year to discuss the economic and financial market outlook for the year ahead. This report is an edited transcript of our recent…
Mr. X and his daughter, Ms. X, are long-time BCA clients who visit our office toward the end of each year to discuss the economic and financial market outlook for the year ahead. This report is an edited transcript of our recent…
Special Report Highlights US politics are the chief source of global geopolitical risk over the coming year – and likely beyond. President Trump’s reelection remains our base case – the sitting president rarely loses if the economy…
Highlights Lingering weakness evident in fundamental supply-demand data will fade next year, and with it the downward pressure on oil prices. Price risk is skewed to the upside: Continued monetary accommodation from systematically…
Special Report Highlights Saudi Aramco likely will IPO 1-2% of the company next month on its local bourse; retail investors reportedly will get up to 0.5%. The IPO will value Aramco within a range estimated at less than $1 trillion to more than $2…
  Westminster and Britain’s Supreme Court have rebuked UK Prime Minister Boris Johnson’s threat of a “No-Deal” Brexit. Moreover, parliamentary support for his latest plan, which essentially keeps Northern…
Special Report Highlights Maintaining an adequate level of aggregate demand has proven to be one of the biggest macroeconomic challenges of the modern era. Yet, in principle, it should not be difficult to increase demand. After all, people like to…