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.

Complex Anatomy of the Tariff Crisis Presents Financial Markets With Multiple Permutations

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The trade infrastructure established during the globalisation period will not be entirely dismantled during the second Trump administration.  Globalisation has entered a new phase, shaped by national security considerations.</li>
<li>Control of natural and strategic resources will feature prominently in the new environment, bringing inflationary implications that will impact bond markets in the absence of fiscal discipline.</li>
<li>Complex production processes in the strategically important semiconductor sector make changes in fabrication location expensive and disruptive. The new trade environment makes displacing market leaders more difficult, particularly in EVs.</li>
</ul>


The trade infrastructure established during the globalisation period will not be entirely dismantled during the second Trump administration.  Globalisation has entered a new phase, shaped by national security considerations.
Control of natural and strategic resources will feature prominently in the new environment, bringing inflationary implications that will impact bond markets in the absence of fiscal discipline.
Complex production processes in the strategically important semiconductor sector make changes in fabrication location expensive and disruptive. The new trade environment makes displacing market leaders more difficult, particularly in EVs.


Globalisation Enters More Nuanced Phase, Shaped By Sovereign Interests