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.

US-China Technology Battle Will Force Asia's Hand When China Falls Short of Phase One Deal Goals

NPC & GDP/Hong Kong/COVID-19/US-China/Mutual Funds

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

US equity and bond investors continue to hold opposing views about the economic outlook, while the credibility of corporate profit expectations should be playing an increasingly important role in determining US equity prices.
Geopolitical induced uncertainties about the global economy are unlikely to recede in the near future, but the Fed is aware of these lingering risks and will alter policy settings as deemed appropriate.
The Trump Administration is trying to stymie China's rise as an economic power by restricting access to technology required to boost long-term economic and household income growth via higher productivity. Meanwhile, China has attempted to allay fears of continued intellectual property theft abuse with the passage of the new Foreign Investment Law that prohibits forced technology transfers, as well as supposedly treating foreign investors in an identical manner to domestic partners.
China is mulling over potential bans on US technology companies doing business in the country based on national security grounds, while, on the same basis, the Trump Administration is also deliberating barring five Chinese surveillance companies from purchasing vital US-sourced components.
The US equity market and economy could suffer significant fallout if China bars US technology companies from doing business in the country, because technology's importance as a driver of the US equity bull market and economic growth since 2014 has been significant.

US equity and bond investors continue to hold opposing views about the economic outlook, while the credibility of corporate profit expectations should be playing an increasingly important role in determining US equity prices.
Geopolitical induced uncertainties about the global economy are unlikely to recede in the near future, but the Fed is aware of these lingering risks and will alter policy settings as deemed appropriate.
The Trump Administration is trying to stymie China's rise as an economic power by restricting access to technology required to boost long-term economic and household income growth via higher productivity. Meanwhile, China has attempted to allay fears of continued intellectual property theft abuse with the passage of the new Foreign Investment Law that prohibits forced technology transfers, as well as supposedly treating foreign investors in an identical manner to domestic partners.
China is mulling over potential bans on US technology companies doing business in the country based on national security grounds, while, on the same basis, the Trump Administration is also deliberating barring five Chinese surveillance companies from purchasing vital US-sourced components.
The US equity market and economy could suffer significant fallout if China bars US technology companies from doing business in the country, because technology's importance as a driver of the US equity bull market and economic growth since 2014 has been significant.

US-China Technology Spat: Risks to US Corporate Profit Expectations and the Real Economy