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, 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

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REAL-Economics.com

Macroeconomics

-Trump tax cut proposals 3 days before the end of this budget year will result in revenue losses of US$5.3tn over 10 years. The Senate has passed rules that enable a tax cut of just US$1.5tn over 10 years through a "reconciliation" (simple majority) process, rather than through the 60 votes normally required in the Senate. Even using generous assumptions about additional revenue gains hinted at in the Trump/GOP proposal, these add only US$2.8tn -- still leaving US$2.5tn of revenue losses. -If…

-Trump tax cut proposals 3 days before the end of this budget year will result in revenue losses of US$5.3tn over 10 years. The Senate has passed rules that enable a tax cut of just US$1.5tn over 10 years through a "reconciliation" (simple majority) process, rather than through the 60 votes normally required in the Senate. Even using generous assumptions about additional revenue gains hinted at in the Trump/GOP proposal, these add only US$2.8tn -- still leaving US$2.5tn of revenue losses. -If…

Trump's Belated Tax Proposal: Flimsy, Hence Unlikely to Be Passed by December as Needed