Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 34 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist and Asia sector strategist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

China’s Policy Easing/Financial Risks/Next Phase of “Going Rural”/Capital Flight/Vaccine Scandal

China Can't Afford the Widening Conflict with the US: RMB's Fall Is Thin End of a Strategic Wedge

CNH Tactical Peak with HK Short and Long Targets

China: Globalizing Its Imbalances, Part I: Monetary

EMs: Where Are the Contagion Risks from Argentina?

REAL-Economics.com

Macroeconomics

<p><strong>China's money supply (M2) has quadrupled in the past 10 years to US$27.2 trillion in May 2018, nearly double the size of US M2 (US$14 trillion). And China's larger money supply is growing nearly twice as fast (8.3% YoY) as US M2 (4.2% YoY, May '18). The two RRR cuts in the past 10 weeks, totalling 150bp, suggest China wants to ease monetary policy even while the US tightens. The RMB has naturally depreciated 5% in the past 3 weeks, and will continue to depreciate -- fuelling ever larger capital</strong>…</p>

China's money supply (M2) has quadrupled in the past 10 years to US$27.2 trillion in May 2018, nearly double the size of US M2 (US$14 trillion). And China's larger money supply is growing nearly twice as fast (8.3% YoY) as US M2 (4.2% YoY, May '18). The two RRR cuts in the past 10 weeks, totalling 150bp, suggest China wants to ease monetary policy even while the US tightens. The RMB has naturally depreciated 5% in the past 3 weeks, and will continue to depreciate -- fuelling ever larger capital…

MSCI AC Asia ex Japan Index (MXASJ INDEX)

Breakneck Monetary Expansion Needs to Stop or Reverse in Order to Brake the RMB's Fall