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.

Trump 2.0: Transformation and Disruption Present Economic Policy Challenges

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>President Trump's announcement of reciprocal tariffs has shocked equity markets, creating comparisons with President Nixon's shock decision in 1971 to suspend the dollar's convertibility into gold.    </li>
<li>Markets initially betted that Europe would enjoy faster growth due to the arrival of tariffs and higher defence spending, but Europe still remains heavily reliant on net exports, particularly Germany. </li>
<li>The US will win a trade war versus Europe due to a large loss external demand, while the US has joined China in pursuing modern mercantilism to enhance sovereign power. </li>
</ul>


President Trump's announcement of reciprocal tariffs has shocked equity markets, creating comparisons with President Nixon's shock decision in 1971 to suspend the dollar's convertibility into gold.    
Markets initially betted that Europe would enjoy faster growth due to the arrival of tariffs and higher defence spending, but Europe still remains heavily reliant on net exports, particularly Germany. 
The US will win a trade war versus Europe due to a large loss external demand, while the US has joined China in pursuing modern mercantilism to enhance sovereign power. 


米国は資本蓄積を促進するために関税引き上げを通じて現代重商主義を採用