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.

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