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.

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Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<p>The outcome of the 5 January Senate races in Georgia could determine whether Democrats gain effective control of the upper chamber, thereby increasing the chances of an unfettered economic agenda being pushed by a Biden Administration. The corporate sector will be adversely impacted by the Biden Administration's planned economic measures, while the yield curve should steepen due to higher government borrowing.</p>
<p>The US labour market continues to heal at a much faster rate than envisaged by the Fed, despite widespread fears of a fiscal cliff engulfing the economy. Prospective inflation trends will dictate the timing of the first increase in the federal funds rate off its zero-bound floor.</p>
<div>The second wave spread of the COVID-19 virus has been faster-than-anticipated, but an incoming Biden Administration will have to wait until after inauguration to implement national measures to mitigate rising infections. There will be great reluctance to sanction extended local lockdowns with the onset of the Christmas holiday season, thereby implying rising infections for the foreseeable future.</div>
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<div>There are rumours already circulating about new appointments under a Biden Administration, including the replacement of Fed Chair Powell when his term expires in 2022.</div>

The outcome of the 5 January Senate races in Georgia could determine whether Democrats gain effective control of the upper chamber, thereby increasing the chances of an unfettered economic agenda being pushed by a Biden Administration. The corporate sector will be adversely impacted by the Biden Administration's planned economic measures, while the yield curve should steepen due to higher government borrowing.
The US labour market continues to heal at a much faster rate than envisaged by the Fed, despite widespread fears of a fiscal cliff engulfing the economy. Prospective inflation trends will dictate the timing of the first increase in the federal funds rate off its zero-bound floor.
The second wave spread of the COVID-19 virus has been faster-than-anticipated, but an incoming Biden Administration will have to wait until after inauguration to implement national measures to mitigate rising infections. There will be great reluctance to sanction extended local lockdowns with the onset of the Christmas holiday season, thereby implying rising infections for the foreseeable future.

There are rumours already circulating about new appointments under a Biden Administration, including the replacement of Fed Chair Powell when his term expires in 2022.

US Financial Markets Ignore Economic Data as Election Outcome and COVID-19 Uncertainties Linger