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Macro Digest: Another week, Another Brexit vote - The momentum now clearly with orderly divorce from the EU

Summary:  Another week, another Brexit vote. PM Johnson keeps trying and pushing for a Brexit by October 31st. Meanwhile Labour is trying to force a 2nd vote and to stall process to force extension to minimum January 31st. Saxo Bank…
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Les taux et l’étau qui se resserre

La séance d’hier c’était le genre de journée qui fait qu’on se demande si on n’a pas meilleur temps d’ouvrir la bourse une fois par semaine juste pour faire un fixing et retourner jouer au golf. Assis sur un banc Que…
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Marchés financiers : les signes de la dégradation

Nicolas Chéron analyse sur SicavOnline la dynamique baissière qui conduit l'économie mondiale à la récession. https://www.youtube.com/watch?time_continue=1&v=2ONftjZraRY
Olivier Delamarche C'est Cash RT
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C'est Cash, la nouvelle émission économique d'Olivier Delamarche

Un programme animé par Olivier Delamarche en compagnie d'Estelle Farge sur RT France où l'économiste présente sa vision de l'économie mondiale et les scénarios possibles pour l'année 2019, toujours très Cash.  
steen jakobsen
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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…
steen jakobsen
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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…
steen jakobsen

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…
steen jakobsen
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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…
steen jakobsen
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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…
steen jakobsen
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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.…
steen jakobsen
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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…
steen jakobsen

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…
steen jakobsen
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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…
steen jakobsen
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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…
steen jakobsen

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…
steen jakobsen

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…