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.

Generative AI and the US Economy: Another 1999-Style Party?

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>US economic growth expectations for Q2 are in positive territory. The tone of US banks’ financial results for Q2 suggests the economy is in decent shape, particularly the household sector.</li>
<li>US banks have become large holders of Treasuries since the end of the COVID-19-induced recession and could become even larger holders if changes to the supplementary leverage ratio are instituted.</li>
<li>Labour market data indicates higher frictional unemployment and tougher entry conditions for new graduates, potentially indicating the growing influence of artificial intelligence (AI) in hiring decisions.</li>
</ul>


US economic growth expectations for Q2 are in positive territory. The tone of US banks’ financial results for Q2 suggests the economy is in decent shape, particularly the household sector.
US banks have become large holders of Treasuries since the end of the COVID-19-induced recession and could become even larger holders if changes to the supplementary leverage ratio are instituted.
Labour market data indicates higher frictional unemployment and tougher entry conditions for new graduates, potentially indicating the growing influence of artificial intelligence (AI) in hiring decisions.


US Economy Remains in Decent Shape, but Finding Entry-Level Jobs Gets Tougher