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.

Bull Or Bear? Latest Global Liquidity Readings

Buy or Sell/Europe/Trade War/Huawei/Financial Services

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

Financial markets are being spooked by looming changes in Fed policy, but any fears of dogmatic conduct are probably overblown.
Prospective inflation developments will be critical in terms of impacting the Fed’s ability to quickly respond to any unfolding economic deceleration.
The Federal Open Market Committee (FOMC) has already discounted rising inflation due to transient factors, such as tariffs, but members will remain wary of persistent contributory forces, notably wage inflation and falling unemployment.
Further easing of fiscal policy remains a wildcard as the 2020 Presidential Election approaches, thereby potentially posing risks to hitherto well-anchored inflationary expectations.
US equities are finally gravitating to a new environment based on fundamentals as Fed policy no longer actively aims to support risky assets.
Financial markets outside of the US during 2018 have suffered due to lack of evidence of synchronised global growth, along with far less visibility for economic and corporate profits growth compared to the US.

Financial markets are being spooked by looming changes in Fed policy, but any fears of dogmatic conduct are probably overblown.
Prospective inflation developments will be critical in terms of impacting the Fed’s ability to quickly respond to any unfolding economic deceleration.
The Federal Open Market Committee (FOMC) has already discounted rising inflation due to transient factors, such as tariffs, but members will remain wary of persistent contributory forces, notably wage inflation and falling unemployment.
Further easing of fiscal policy remains a wildcard as the 2020 Presidential Election approaches, thereby potentially posing risks to hitherto well-anchored inflationary expectations.
US equities are finally gravitating to a new environment based on fundamentals as Fed policy no longer actively aims to support risky assets.
Financial markets outside of the US during 2018 have suffered due to lack of evidence of synchronised global growth, along with far less visibility for economic and corporate profits growth compared to the US.

US Equities and Monetary Policy: Back to Fundamentals