Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

FX & Rates

<ul>
<li>Prior to 1983, Hong Kong experienced economic overheating and high inflation. The currency peg’s inception coincided with the rising anti-inflationary credibility of Fed policy conduct. </li>
<li>Hong Kong is, however, now totally exposed to any draconian attempts by the Fed to recoup lost credibility via tighter policy settings.</li>
<li>China needs its own sovereign-controlled financial hub.  Hong Kong could be China’s financial centre, but recent currency weaponisation implies tenability of the currency board becomes increasingly driven by geopolitics.</li>
</ul>


Prior to 1983, Hong Kong experienced economic overheating and high inflation. The currency peg’s inception coincided with the rising anti-inflationary credibility of Fed policy conduct. 
Hong Kong is, however, now totally exposed to any draconian attempts by the Fed to recoup lost credibility via tighter policy settings.
China needs its own sovereign-controlled financial hub.  Hong Kong could be China’s financial centre, but recent currency weaponisation implies tenability of the currency board becomes increasingly driven by geopolitics.


Last Major Currency Peg: Hong Kong’s Fate Could Be Determined by the Fed and Geopolitics

Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

Accelerating economic integration in the Greater Bay Area is  lies at the heart of China’s strategy to win the battle for economic supremacy.  It is key to China’s future economic prosperity and, directly counters America’s China containment strategy. A hub for high-tech advanced manufacturing and modern service industries the GBA is the laboratory for China’s innovation-driven development strategy, key to the success of President Xi’s Dual Circulation economic framework and Belt&amp;Road Initiative. Beijing recognises China containment will remain the lynchpin of US foreign policy. A Biden US presidency ensures that development of the GBA is only set to speed up. For investors seeking superior returns the case for investing in GBA companies has never looked stronger.

Accelerating economic integration in the Greater Bay Area is  lies at the heart of China’s strategy to win the battle for economic supremacy.  It is key to China’s future economic prosperity and, directly counters America’s China containment strategy. A hub for high-tech advanced manufacturing and modern service industries the GBA is the laboratory for China’s innovation-driven development strategy, key to the success of President Xi’s Dual Circulation economic framework and Belt&amp;Road Initiative. Beijing recognises China containment will remain the lynchpin of US foreign policy. A Biden US presidency ensures that development of the GBA is only set to speed up. For investors seeking superior returns the case for investing in GBA companies has never looked stronger. 

Expectations are that Hong Kong will expand by 4.2% and Singapore by 5% next year according to latest consensus forecasts. Our out-of-consensus prediction is that economic activity in Hong Kong will grow faster than in Singapore in 2021

Expectations are that Hong Kong will expand by 4.2% and Singapore by 5% next year according to latest consensus forecasts. Our out-of-consensus prediction is that economic activity in Hong Kong will grow faster than in Singapore in 2021

While many emerging market economies faced with an external debt blowout are scrambling to re-schedule debt with international creditors, that is not a problem Asia faces. In most of Asia balance of payments positions are improving, international reserves are rising, and external debt positions are getting more sustainable.

While many emerging market economies faced with an external debt blowout are scrambling to re-schedule debt with international creditors, that is not a problem Asia faces. In most of Asia balance of payments positions are improving, international reserves are rising, and external debt positions are getting more sustainable.

Consumer inflation pressures remain well contained in Asia for now. Asian money supply growth has accelerated appreciably as regional central bankers ease monetary policy to combat the Covid-19 economic shock but in eight of the ten countries we track CPI is running at or below year earlier levels. Importantly producer prices, are falling in most countries, implying that there are few pipeline inflation pressures. India is the exception.

Consumer inflation pressures remain well contained in Asia for now. Asian money supply growth has accelerated appreciably as regional central bankers ease monetary policy to combat the Covid-19 economic shock but in eight of the ten countries we track CPI is running at or below year earlier levels. Importantly producer prices, are falling in most countries, implying that there are few pipeline inflation pressures. India is the exception.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Hong Kong Treasury (HONG KONG GOVT)

Last Major Currency Peg: Hong Kong’s Fate Could Be Determined by the Fed and Geopolitics

Hong Kong adopted its dollar peg in 1983 when Fed credibility was rising. Its future depends on the Fed's efforts to recoup lost credibility and...

DeSaque Macro Research

Biden, US-China Relations & Xi's Plan

For investors seeking superior returns the case for investing in GBA companies has never looked stronger. Companies are investing in next...

Sharmila Whelan

HK-Singapore - Our Money Is On HK

Expectations are that Hong Kong will expand by 4.2% and Singapore by 5% next year. Our out-of-consensus prediction is that economic activity in...

Sharmila Whelan

Asia External Fundamentals Improve

In the midst what can be described as a trying year, one unexpected outcome is the improvement in Asian external fundamentals.

Sharmila Whelan

Asian Inflation Risks Contained

Consumer inflation pressures remain well contained in Asia for now. Asian money supply growth has accelerated appreciably as regional central...

Sharmila Whelan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)