The Bank Credit Analyst

Competitive Advantage

  • Combines technical and fundamental analysis to deliver a multi-dimensional perspective on the investment outlook.
  • Draws attention to the major thematic ideas that are shaping investment strategy while providing rigorous macro analysis in an accessible and informative manner.
  • Delivers thought-provoking discussion of key macro drivers affecting global markets, with emphasis on identifying underlying investment risks or opportunities.

Forecast and analysis of trends in major investment markets, with particular emphasis on equities, business conditions, inflationary trends, interest rates, commodities and currencies.


For over 60 years, The Bank Credit Analyst, often known as the little grey book, has provided big-picture insight and analysis of major investment trends, covering equities, fixed income, currencies and commodities.

Special Reports
In addition to discussing key macro developments over the preceding month, each issue contains a Special Report that focuses on a particular area of interest to investors. Past topics have included the Debt Supercycle, productivity growth, demographics, and the outlook for monetary policy and inflation.

Annual Outlook
Every December, clients receive a special issue discussing the outlook for the coming year. Drawing on the collective wisdom of BCA’s Chief Strategists, this report highlights our highest-conviction calls across all asset classes.

Peter Berezin, Chief Strategist

Peter Berezin joined BCA Research in 2010 as a Chief Strategist and member of the BCA research team. Prior to joining BCA, Peter worked for three years as a Senior Global Economist and Market Strategist with Goldman Sachs in New York. Previously in his career, Peter spent seven years with the International Monetary Fund, where he was involved in program negotiations and surveillance in a variety of countries with a special focus on bank restructuring in Asia. He was also a member of the IMF’s Research Department, where he contributed to the Fund’s flagship publication, the World Economic Outlook. Peter has extensive experience in analyzing global economic and financial market trends and is widely quoted in the financial media. He has a Bachelor of Arts (Economics) from McMaster University, a Master of Science (Economics) from the London School of Economics, and a PhD in Economics from the University of Toronto.

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