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, Chief Economist at ICICI Securities, 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

US: Tight Labour Market and Still-Abundant M2 Make for an Inflationary Cocktail

US Continues to Overheat, Reflected in a Seemingly-Weak GDP Print

2021 to Mark the Return of Inflation: Fed Hike by Mid-Year Implies Risk-Off by 2Q/21

Inflation Caused by Monetary Surge; Risk of Stagflation in 2022 Amid Fiscal Tightening

The Big Risks For 2022 .... Large Debts, Less Liquidity and Growing Indexation?

American Policy Risks Go Beyond Fed Monetary Tightening

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>The long-delayed shift in FOMC forecasts for inflation is still leaving room for one final monetary binge in December-January that'll exacerbate inflation further. </li>
<li>Core CPI and PCE inflation are at 30-year highs, and headline CPI inflation is already at 1982 (Volcker era) levels; more QE will spur more near-term asset and CPI inflation. </li>
<li>This final policy error will oblige the Fed to tighten sooner and faster in 2022. After rising further into end-2021, equity markets will likely face a drastic sell-off in 2022. </li>
</ul>


The long-delayed shift in FOMC forecasts for inflation is still leaving room for one final monetary binge in December-January that'll exacerbate inflation further. 
Core CPI and PCE inflation are at 30-year highs, and headline CPI inflation is already at 1982 (Volcker era) levels; more QE will spur more near-term asset and CPI inflation. 
This final policy error will oblige the Fed to tighten sooner and faster in 2022. After rising further into end-2021, equity markets will likely face a drastic sell-off in 2022. 


US Monetary Policy Stays Ultra-Loose Amid 30-Year-High Inflation; 'Taper' a Misnomer