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 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

Will They Impeach? Not Yet, but Far More Likely in 2019, when a Recession Is Also Probable

Fed's Hawkish Hike: Curve-Flattening Recession Risks Remain Despite the Slight Cut in the IOER

Putin's Triumph Is Complete as Trump Kowtows in Helsinki

Putin's Assembly of Allies (Trump, Kurz, Salvini, Tsipras) Subverts the G7-NATO Led World Order

REAL-Economics.com

Macroeconomics

<p><strong>The monthly gain in non-farm payrolls (NFP) was a modest 157,000 in July 2018, well below consensus expectations of 190,000. Despite the considerable upward revisions of the previous two months' NFP, July was a softer month for a fiscally-fuelled US economy. The ISM non-manufacturing PMI moderated to an 11-month low of 55.7 (with the forward looking new orders slipping by 6.6 points MoM) and the manufacturing PMI was 1 point below its 12-month average in July, suggesting a broad-based loss of</strong>…</p>

The monthly gain in non-farm payrolls (NFP) was a modest 157,000 in July 2018, well below consensus expectations of 190,000. Despite the considerable upward revisions of the previous two months' NFP, July was a softer month for a fiscally-fuelled US economy. The ISM non-manufacturing PMI moderated to an 11-month low of 55.7 (with the forward looking new orders slipping by 6.6 points MoM) and the manufacturing PMI was 1 point below its 12-month average in July, suggesting a broad-based loss of…

Dow Jones Industrial Average (INDU INDEX)

FOMC Retains Hawkish Tone Amid Higher Inflation, but ISM & NFP Betray First Signs of Growth Fatigue