A U.S. Recession Is Unlikely

The annualized 2.9% contraction in first quarter U.S. GDP was among the worst of the postwar era and the only one of its size that did not occur during a recession. But coincident and leading indicators suggest that a recession is highly … [More.]

BCA 2014 New York Investment Conference, Keynote Speaker: Jean-Claude Trichet

We would like to ensure you are aware that the BCA Research New York Investment Conference will be held September 15-16, 2014 at the Grand Hyatt Manhattan. The conference theme is Investment Opportunities In An Aging Bull Market, and this year's c … [More.]

The BoE Turns Hawkish?

Hawkish comments from BoE Governor Carney gave sterling a boost late last week. However, the BoE will use macro-prudential policies to cool the housing market before resorting to interest rate hikes. At his annual Mansion House speech, … [More.]

CRE: In A Sweet Spot

Commercial real estate (CRE) is in an expansion phase, backed by favorable global economic trends. One of the main factors that will support CRE markets globally is the return of growth. The major economies are expanding in a synchronized, if … [More.]

Resilience In The Face Of Uncertainty

The U.S. bond market has proven surprisingly resilient. Our baseline expectation continues to be a growth-sponsored rebound in real yields later this year, although a number of factors challenge our conviction in this outlook: Our cyclical … [More.]