Fed fluffs lines to beat path to US recession in Q1
Fed missed opportunity to raise rates for first time since 2006
Window narrowing on hike timetable with markets 50/50 on hike/cut possibility
Janet Yellen struggling to maintain credibility after far from impressive Q&A
Prepare…
The old and the new economic order
This fiat economy is unsustainable and must change
The cost of input, capital and labour are all rising
Output, profit and employment are in poor shape
We must adjust to slower growth and start producing
On the cusp of a new economic…
Why investors are heading East ?
Central and Eastern Europe; a fascinating investment landscape with a growing economic importance and increasingly on Western investor radar. A region well known to Saxo Bank's Chief Economist Steen Jakobsen, who takes a look at the opportunities…
China, the Silk Road and the 'slowdown'
China deregulating markets at breakneck speed
New Silk Road represent's Beijing's growth strategy
RMB to supplant GDP as third-most-traded currency
Crowds on the Nanjing Road: Things move fast in China, and macro trends
(and their…
This is now officially a Greek tragedy
There are no winners from this Greek tragedy; only losers
Grexit has now become the base case scenario
Illiquidity is now the big risk
By Steen Jakobsen
In many ways, it is relatively easy to understand why the result was a No from…
Beyond the brink
Greek situation reminiscent of financial crash
Market chasing nonexistent "good hedges"
Euro, petrol, food shortages likely in Greece
By Steen Jakobsen
There is exactly the same feeling into the air as before the Lehman default.…
Japan's legend of three arrows
Japanese 'Three Arrows' plan not the answer for sustained growth
Economy needs to address immigration, openness
GDP growth hampered by a lack of true reform
Japan's rich traditions have seen it handle its period of slow growth…
Get Ready For The Biggest Margin Call In History
Economist Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes 2015 will be another "lost year" for the economy. And he predicts the Federal Reserve will indeed start to raise rates later this year, surprising the market and taking…
The New Nothingness
Zero growth, zero inflation correlate to zero hope
Zero-bound policies constrain productivity, creativity
SMEs could reinvigorate economies if given the chance
"The era of procrastination, of half-measures, of soothing and baffling…
Is FED to do paradigm shift?
“You can’t change the fruit without changing the root” – Stephen Covey
We could be in for one of the biggest paradigm shift in newer monetary history if Fed does indeed remove “patient” tonight and then follow through on hiking…
2015 is a lost year and here’s why!
Even though the US has seen strong job numbers and Europe is forecast to grow 1.5% this year, Saxo Bank’s Chief Economist Steen Jakobsen says 2015 will be a lost year. That’s because the US economy and emerging markets will grind to a halt…
Warning! US slow down ahead
Saxo Bank's Chief Economist Steen Jakobsen is warning of a sharp GDP slowdown with quarter on quarter growth to hit zero by Q3 or Q4 in 2015. Despite stock market peaks and optimistic sentiment, Steen sees worsening US data as the warm up act…