After a year in which reality has managed to surpass even seemingly unlikely calls – with the Brexit surprise and the US election outcome – the common theme for our Outrageous Predictions for 2017 is that “desperate times call for desperate actions”. 2017 could be the year where China exceeds... Show More
How will the US presidential contest between Hillary Clinton and Donald Trump shape Q416? Steen Jakobsen, chief economist at Saxo Bank, explains his view on what awaits us. Speaking from New York, he says that it is clear that the US is in a state of emergency outside its major... Show More
Uncertain times call for unconventional thinking. Each year Steen Jakobsen and the Saxo Bank strategy team put together their key predictions for the next 12 months. The predictions are strategic in nature rather than an exercise in getting everything right. It’s not for the fainthearted. It is for the shrewd... Show More
Uncertain times call for unconventional thinking and we think that we’ve got 10 scenarios that fit the bill. Each year Saxo Bank’s strategy team led by Chief Economist Steen Jakobsen put together potential outcomes that could develop in the year ahead. It’s not for the fainthearted. It is for the... Show More
Steen Jakobson, Chief Economist & CIO / Saxo Bank thinks the following, 1)China's devaluation of the yuan marks the end of "extend-and-pretend", 2)USD likely to weaken as the cost of capital rises over the course of the year 3)Beijing's plan is to support the economy until the new Silk Road... Show More
I do think China will have a hard time living up to the promise of 7%-ish growth this and maybe next year, but... China has a plan… It's the Silk Road. China is likely to see some improvement over the balance of 2015. The aggressive monetary easing will act as... Show More