Steen Jakobsen

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Last quote by Steen Jakobsen

They don't know what to do with (President Donald) Trump and I think Trump again showed his hand over the weekend that he is not to be relied on in terms of a set-out path for how they conducted themselves. A dominant part of the equity analysts sees a significantly higher S&P but it's based on hope. Hope to me belongs in church on a Sunday.feedback
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Apr 10 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Steen Jakobsen is associated, including Trump and U.S.. Most recently, Steen Jakobsen has been quoted saying: “Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the global credit impulse having peaked simultaneously with global inflation. While the market at large sees less than a 10 percent chance of recession, we at Saxo – together with our friends at South Africa's Nedbank – see more than a 60 percent chance. One thing is absolutely clear: Asia is not going to contribute anything in 2017 to growth. China is on total standstill.” in the article There’s more than 60% chance of a global recession within the next 18 months, economist says.
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Steen Jakobsen quotes

You have to be worried the trend will continue and the Fed will make it worse.feedback

We need to be nervous about the consequences of what I perceive to be one of the biggest monetary mistakes of the Federal Reserve. The fact they move not based on their mandate–they move based on the U.S. economy which is still way, way below its potential growth.feedback

The next few months are likely to constitute a low in the growth cycle.feedback

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