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.

China: Capital Flight Limits Easier Money Amid Spreading Crisis in Property Markets

China's Twin Crises: Overlending to Frontier Markets & Domestic Property Sector

Stabilising China's Residential Property Market Produces Unintended Consequences

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Residential property investment as a % of GDP in China stands at much higher levels compared to the US peak in 2006 before the global financial crisis. </li>
<li>Selling state-owned housing stock in 1988 at artificially low prices created a class of buyers who believed that home ownership was a one-way bet in terms of wealth creation. </li>
<li>Considerable uncertainty prevails about the consequences for mortgage strikers due to lack of personal bankruptcy law in China, The government's priority is to facilitate project completions to ensure social stability.</li>
</ul>


Residential property investment as a % of GDP in China stands at much higher levels compared to the US peak in 2006 before the global financial crisis. 
Selling state-owned housing stock in 1988 at artificially low prices created a class of buyers who believed that home ownership was a one-way bet in terms of wealth creation. 
Considerable uncertainty prevails about the consequences for mortgage strikers due to lack of personal bankruptcy law in China, The government's priority is to facilitate project completions to ensure social stability.


China’s State Capitalism Created Real Estate Excesses and Limits Remedial Options to Reduce Stress