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>The inflationary implications of Modern Monetary theory have finally been exposed in the aftermath of the COVID-19 pandemic after complacency in financial markets. Wall Street firms played a significant role.</li>
<li>The risks of inflation  were underplayed due to prolonged disinflationary impulses stemming from decades of globalisation. Recent US practice of MMT could force the Fed to raise its inflation target.</li>
<li>Japan pursued an MMT framework since 2013, but the continuation of quantitative easing and  arrival of rising inflation is undermining the yen. The Eurozone faces the same predicament as Japan.   </li>
</ul>


The inflationary implications of Modern Monetary theory have finally been exposed in the aftermath of the COVID-19 pandemic after complacency in financial markets. Wall Street firms played a significant role.
The risks of inflation  were underplayed due to prolonged disinflationary impulses stemming from decades of globalisation. Recent US practice of MMT could force the Fed to raise its inflation target.
Japan pursued an MMT framework since 2013, but the continuation of quantitative easing and  arrival of rising inflation is undermining the yen. The Eurozone faces the same predicament as Japan.   


Modern Monetary Theory Threatens Financial Markets with Lingering Legacies