The Strategist
The long view, patient, analytical, playing several moves ahead.
Rebecca Patterson reads as The Strategist because she treats global markets as systems of cascading consequence rather than collections of isolated events. She pre-maps second and third-order effects, tracing how a Chinese demand contraction moves through supply chains into Federal Reserve decisions well before those linkages surface in prices.
“I think what we're learning from 2008 and the years following, and then today is that with rates nearer at the lower bound and quantitative easing effective, but it affects, it flows through in different ways, right? It's going to affect liquidity conditions. It's going to affect financial markets.”
“If I'm thinking, okay, I want some inflation hedges in my portfolio, I could have gold, or I could have cyclical commodities that will benefit not just from inflation, but also from greater demand. So what we saw last year were cyclical commodities like oil, like industrial metals, copper, et cetera. They did extremely well.”
“Those and more again, that's when I say the research we do is deeper than anything I've ever seen every time I get up in the morning and I read the financial press and I read my aggregators and I look at my Bloomberg screen and I see some snippets, some little thing and I think, oh, that's interesting.”
“Finance and economic decisions. And ultimately, gosh, wouldn't it be nice if all of our policymakers understood basic economics? Sometimes when I listen to the speeches on the hill, I have questions about a few of them. And so that's what this group is doing. We're trying to advocate states to have requirements.”
Masters in Business: “Rebecca Patterson on Global Macro Investing (Podcast)”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE