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Feature Chart I-1Lebanese Bond Yields Have Surged To Precarious Levels  In a May 2018 Special Report, we warned that a devaluation and government default were only a matter of time in Lebanon. The country's sovereign US…
Highlights Lebanon and Iraq – the two countries most entrenched in Iran’s sphere of influence – are experiencing mass unrest. Protesters in both states are calling for the dismantling of sectarian based political…
Highlights The slowdown in global industrial activity appears to have bottomed. This, along with an apparent shared desire for a ceasefire in the Sino-US trade war, points toward a measured recovery in manufacturing and global trade,…
Martin Barnes and I spent last week visiting clients in Hong Kong and Singapore in celebration of BCA’s 70th anniversary. Martin has been with BCA Research for 32 years and has been a keen observer of market trends for much longer…
In lieu of the next weekly report I will be presenting the quarterly webcast ‘The Japanification Of Europe: Should We Fear It, Or Celebrate It?’ on Monday 4 November at 10.00AM EST, 3.00PM GMT, 4.00PM CET, 11.00PM HKT. As…
Special Report Highlights The Cold War is a limited analogy for the U.S.-China conflict; In a multipolar world, complete bifurcation of trade is difficult if not impossible; History suggests that trade between rivals will continue, with minimal…
Highlights Declining uncertainty over policy, stabilizing growth in China and improvements in international liquidity, all will allow global economic activity to pick up in the months ahead. A weak dollar will reinforce this positive…
  One clear way for President Trump to achieve a policy victory and a boost to the economy would be to agree to a trade deal with China. Just as he raised the tariffs unilaterally, he can roll them back unilaterally to encourage…
  President Trump is a uniquely commercial president. He did not become president through experience in military or government, but because he was a bold businessman who claimed he could negotiate better deals for the United States…
Special Report Highlights China’s trade strategy toward the U.S. is not greatly affected by the early U.S. Democratic Party primary election. The sea change in American policy toward China began before Donald Trump and is grounded in U.S.…