- The Idea Farm
- Posts
- Fewer Storms, More Sunny Breaks
Fewer Storms, More Sunny Breaks
Before we get into this week’s issue, I wanted to direct readers to a post I did on my blog on profit margins. It has links to pieces by Whitebox’s Redleaf , GMO’s Montier, Siegel, and Hussman. A fun read with important consequences! Now, on to today’s topic…
The Bank Credit Analyst is one of those must read publications that covers all the asset classes – equities, fixed income, currencies and commodities. It has been published for over 60 years and tackles the investment landscape from all different angles – fundy, technical, quant…
I’ll keep the intro short this time and let you get straight to the 64 page PDF below.
Here are a few charts from the piece:
—-
—-
Download the PDF here:
Website for Trial
About
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 delivering rigorous macro analysis in an accessible and informative manner.
Delivers thought-provoking discussion of key macro drivers affecting global markets, with emphasis on identifying burgeoning investment risks or opportunities.
Components
MONTHLY: This is BCA’s original monthly publication. 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. Clients receive hardcopy and electronic versions of the publication at the end of each month.
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. Topics include 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 their 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, Mr. Berezin spent three years as a Senior Global Economist and Market Strategist with Goldman Sachs in New York. Prior to joining Goldman Sachs, 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. He has extensive experience in analyzing global economic and financial market trends, and has been widely quoted in various media outlets. Mr. Berezin has a Bachelor of Arts (Economics) from McMaster University, a Master of Science (Economics) from the London School of Economics, and a Ph.D. in Economics from the University of Toronto.