steen jakobsen

Saxo Capital Markets Australia

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

Saxo Capital Markets Australia

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

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