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.

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The sensitivity of liquidity to changes in monetary policy has increased since the adoption of quantitative easing in the aftermath of the global financial crisis (GFC).</li>
<li>The importance of officially-sourced liquidity has increased since the GFC via central bank asset purchases, but privately-sourced liquidity still dominates the global pool.</li>
<li>Investors' willingness to extend duration risk with inflation still above desired levels could determine where significant amounts of global savings and liquidity will be allocated in 2023.</li>
</ul>


The sensitivity of liquidity to changes in monetary policy has increased since the adoption of quantitative easing in the aftermath of the global financial crisis (GFC).
The importance of officially-sourced liquidity has increased since the GFC via central bank asset purchases, but privately-sourced liquidity still dominates the global pool.
Investors' willingness to extend duration risk with inflation still above desired levels could determine where significant amounts of global savings and liquidity will be allocated in 2023.


Global Liquidity Trends in 2023: Inflation Dynamics and Portfolio Duration Response Will Dominate