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.

New Macro Investing Assumptions Required as Countries Pivot From Rules-Based Order

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Following the inception of the World Trade Organisation, working capital demands in the G7 fell as production was offshored. Higher investment rates could put upward pressure on G7 bond yields.</li>
<li>National security concerns are increasingly driving international economic policy. The pivot towards onshoring the production of strategically important industries will drive investment rates higher.</li>
<li>The large AI investment requirements of the hyperscalers will boost corporate credit demand, potentially putting upward pressure on US Treasury yields and could potential crowd out other corporate borrowers.       </li>
</ul>


Following the inception of the World Trade Organisation, working capital demands in the G7 fell as production was offshored. Higher investment rates could put upward pressure on G7 bond yields.
National security concerns are increasingly driving international economic policy. The pivot towards onshoring the production of strategically important industries will drive investment rates higher.
The large AI investment requirements of the hyperscalers will boost corporate credit demand, potentially putting upward pressure on US Treasury yields and could potential crowd out other corporate borrowers.       


Higher Investment Rates To Raise Working Capital Requirements and Corporate Credit Demand