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.

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Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>China experienced deflation following the Asian and global financial crises. Western commentators fear that China will fight deflation with a weaker currency that undermines trading partners, including the US.</li>
<li>China's reliance on a weak currency to promote economic development has been detrimental to households, while currency appreciation will help structural rebalancing by boosting household spending and reduce deflationary pressures.</li>
<li>Yuan appreciation could increase global economic stability by forcing the US to be less fiscally profligate.  Trade tensions with the US will also be lowered if China accepts yuan appreciation. </li>
</ul>


China experienced deflation following the Asian and global financial crises. Western commentators fear that China will fight deflation with a weaker currency that undermines trading partners, including the US.
China's reliance on a weak currency to promote economic development has been detrimental to households, while currency appreciation will help structural rebalancing by boosting household spending and reduce deflationary pressures.
Yuan appreciation could increase global economic stability by forcing the US to be less fiscally profligate.  Trade tensions with the US will also be lowered if China accepts yuan appreciation. 


Ending Deflation in China: Currency Appreciation Can Support Economic Rebalancing Towards Consumers