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.

Belt and Road/Plan Plans/US & PRC/Huawei/Economy

Monthly Geopolitical Comment:  US-China Rivalry Will Not End When the Trade Deal Is Signed

Trade War/Huawei/Financial Risks/Mr Science & Mr Democracy

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

Recently released economic data from China suggests a stabilisation in economic activity due to various stimulus measures, although it is premature to conjecture that a faster growth trajectory is looming.
The current geopolitical standoff between China and the US is very different from the Cold War confrontation between the US and Soviet Union due to extensive Sino-US economic and financial linkages that can impart significant collateral damage to both countries.
Although China and the US have embraced competing versions of capitalism for economic development, their respective systems have been mutually interdependent.
Both state capitalism (China) and financial capitalism (US) suffer from fundamental flaws, including lower economic efficiency in the former and greater wealth inequality within the latter.
Greater competition (both local and foreign) is required in China's product and financial markets to enhance economic efficiency.
Meanwhile, private firms in China outside of the high-technology sector face significantly higher funding costs, partly due to the lack of support offered from local governments, even though they remain an important source of employment in urban areas.

Recently released economic data from China suggests a stabilisation in economic activity due to various stimulus measures, although it is premature to conjecture that a faster growth trajectory is looming.
The current geopolitical standoff between China and the US is very different from the Cold War confrontation between the US and Soviet Union due to extensive Sino-US economic and financial linkages that can impart significant collateral damage to both countries.
Although China and the US have embraced competing versions of capitalism for economic development, their respective systems have been mutually interdependent.
Both state capitalism (China) and financial capitalism (US) suffer from fundamental flaws, including lower economic efficiency in the former and greater wealth inequality within the latter.
Greater competition (both local and foreign) is required in China's product and financial markets to enhance economic efficiency.
Meanwhile, private firms in China outside of the high-technology sector face significantly higher funding costs, partly due to the lack of support offered from local governments, even though they remain an important source of employment in urban areas.

Flawed & Competing Sino-US Capitalist Models: Risks for Short-Term Investors