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 Housing: The Lingering Curse of Poor Affordability Intensifies

Poor Affordability and Structural Issues Take Their Toll on US Housing

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>President Trump has recently doubled down on his commitment to solving the cost of living crisis, but the emergence of a bifurcated economy complicates the structure of remedial policies.</li>
<li>Stubbornly poor housing affordability presents the biggest challenge to the Trump administration due to chronic supply shortages and strong price appreciation, while higher mortgage rates have undermined housing demand.</li>
<li>Interest rate caps on credit cards could restrict households' access to debt, as issuers are forced to improve credit quality and reduce charge-offs to preserve profitability, thereby deepening economic bifurcation.</li>
</ul>


President Trump has recently doubled down on his commitment to solving the cost of living crisis, but the emergence of a bifurcated economy complicates the structure of remedial policies.
Stubbornly poor housing affordability presents the biggest challenge to the Trump administration due to chronic supply shortages and strong price appreciation, while higher mortgage rates have undermined housing demand.
Interest rate caps on credit cards could restrict households' access to debt, as issuers are forced to improve credit quality and reduce charge-offs to preserve profitability, thereby deepening economic bifurcation.


Enhancing US Household Affordability: Bifurcated Economy Raises Risks of Unintended Outcomes