Ep. 214: Lindsay Politi on Higher Inflation Regime, Recession Risks and Debt Dynamics

Lindsay Politi is Head of Inflation Strategies at One River Asset Management. Lindsay began her career at Wellington Management in Boston where she was head of Global Inflation-linked Investments. In that role she was one of the top TIPS managers by assets, managing over $10 billion in dedicated assets, with a top quintile track record for excess in her peer group. She then joined Tudor Investment Corporation in Greenwich as a discretionary macro investor, translating her inflation strategy onto a macro hedge fund platform. She then joined One River Asset Management in 2018. In this podcast we discuss: 

• How sentiment rather than actual inflation trend shifted in Q1 
• Goods vs services inflation 
• PCE vs CPI inflation 
• Why we are in a higher inflation regime 
• Why survey data is not working anymore 
• The problem with yield curve signals 
• Is Fed policy tight? 
• Importance of fiscal impulse 
• Understanding term premia 
• Could inflation expectations become unanchored 
• Debt worries or not 
• Risks to watch 
• Books mentioned: Dune (Herbert), Parable of the Sower (Butler) 

You can follow Lindsay here and her firm’s research here.  

Make sure to subscribe to the show on Apple, Spotify, YouTube, or wherever you go for your podcasts. You can follow us on Twitter and LinkedIn.

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)