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.

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Central banks are trying to catch up with the Fed, but the US dollar remains strong.  The Fed will not be swayed from its hawkish stance to restore price stability.</li>
<li>The restoration of normal supply chains since the pandemic has been severely hampered by the willingness of Western countries to embrace tariffs and sanctions to pursue geopolitical interests. </li>
<li>Corporate bond issuers face higher funding costs due to quantitative tightening, but the ECB faces tougher challenges than the Fed in this realm of policy conduct. </li>
</ul>


Central banks are trying to catch up with the Fed, but the US dollar remains strong.  The Fed will not be swayed from its hawkish stance to restore price stability.
The restoration of normal supply chains since the pandemic has been severely hampered by the willingness of Western countries to embrace tariffs and sanctions to pursue geopolitical interests. 
Corporate bond issuers face higher funding costs due to quantitative tightening, but the ECB faces tougher challenges than the Fed in this realm of policy conduct. 


Geopolitics Exacerbate Risks from Global Liquidity Contraction as Easy Money Legacies Loom Large