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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Angst of Rising Real Interest Rates Haunts US Financial Markets as Profit Forecasts Fail to Impress

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Geopolitical events impacting oil prices in the 1970s and 1990 resulted in Fed policy mistakes. Current tensions complicate the path of Fed tightening, raising the risks of a policy error. </li>
<li>Russia's exclusion from SWIFT makes servicing foreign debt more difficult. Exposure to foreign creditors via US dollar-denominated bank loans and debt securities has fallen sharply since 2014.</li>
<li>Energy markets will spread the fallout of sanctions on Russia, particularly in Europe. Food inflation could become an issue, while emerging markets will also face headwinds  from Fed tightening.</li>
</ul>


Geopolitical events impacting oil prices in the 1970s and 1990 resulted in Fed policy mistakes. Current tensions complicate the path of Fed tightening, raising the risks of a policy error. 
Russia's exclusion from SWIFT makes servicing foreign debt more difficult. Exposure to foreign creditors via US dollar-denominated bank loans and debt securities has fallen sharply since 2014.
Energy markets will spread the fallout of sanctions on Russia, particularly in Europe. Food inflation could become an issue, while emerging markets will also face headwinds  from Fed tightening.


Geopolitics Raises Risks of Fed Policy Error as Sanctions Fallout Threaten Global Inflation