Weekly market commentary by Hedge Fund Manager Erik Townsend and interviews with the brightest minds in the world of finance and macroeconomics. Made possible by funding from Fourth Turning Capital Management, LLC
MacroVoices #413 Darius Dale: Still Bullish
MacroVoices Erik Townsend & Patrick Ceresna welcome back 42 Macro founder, Darius Dale. Erik & Darius discuss markets, inflation, bond yields and why Darius is still bullish.
🔻Download 42 Macro Chart Book: https://bit.ly/3SeLTXO
⚫ Follow Darius on X: https://twitter.com/DariusDale42
⚫ Find Out More About 42 Macro: https://42macro.com/
🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/
🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
🔴 Nuclear SMRs VS Renewables: https://energytransitioncrisis.org/smr
🔻Download Big Picture Trading Chartbook: 📈📉: https://bit.ly/3SFW2ht
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/46Ul2FD
🔴 Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
✅ Join OptionFinity discord: https://discord.gg/Rvnsv6Y
🔴 Subscribe to Nick’s Medium: https://medium.com/@ngalarnyk
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
2/1/2024 • 1 hour, 3 minutes, 23 seconds
MacroVoices #412 Dr. Anas Alhajji: 2024 Petroleum Outlook Update
MacroVoices Erik Townsend & Patrick Ceresna welcome back Dr. Anas Alhajji, for a fresh crude oil outlook for 2024. Erik & Anas will discuss, crude oil prices, the oil market outlook, geopolitical premiums and much more. https://bit.ly/3Ogl3gT
⚫ Follow Anas on X: https://twitter.com/anasalhajji
⚫ Check Out Anas’s Substack: https://anasalhajjieoa.substack.com/
🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/
🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
🔴 Nuclear SMRs VS Renewables: https://energytransitioncrisis.org/smr
🔻Download This Episode's Chartbook: 📈📉: https://bit.ly/3vPppVK
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/46Ul2FD
🔴 Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
✅ Join OptionFinity discord: https://discord.gg/Rvnsv6Y
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
1/25/2024 • 1 hour, 10 minutes, 12 seconds
MacroVoices #411 Jeroen Blokland: Inflation, Hard/Soft Landing, Geopolitics and More
MacroVoices Erik Townsend & Patrick Ceresna welcome Jeroen Blokland as this weeks guest. Jeroen and Erik discuss inflation, Soft vs. Hard Landing, sustainability of U.S. Debt, geopolitics, precious metals and more. https://bit.ly/4b5mOY3
⚫ Follow Jeroen Blokland on X: https://twitter.com/jsblokland
⚫ Check Out Jeroen’s Substack: https://trueinsights.substack.com/
🌟The Gold Standard of Profits🌟
𝙐𝙣𝙡𝙤𝙘𝙠𝙞𝙣𝙜 𝙋𝙧𝙤𝙛𝙞𝙩𝙨 𝙞𝙣 𝙏𝙝𝙚 𝘾𝙤𝙢𝙞𝙣𝙜 𝙂𝙤𝙡𝙙 𝘽𝙪𝙡𝙡 𝙈𝙖𝙧𝙠𝙚𝙩
Join Patrick Ceresna for a 𝗙𝗥𝗘𝗘 𝗟𝗜𝗩𝗘 webinar
Monday January 22nd, 2024 at 1:00pm ET
Register here for 𝗙𝗥𝗘𝗘: https://www.bigpicturetrading.com/gold
🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/
🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
🔴 Nuclear SMRs VS Renewables: https://energytransitioncrisis.org/smr
🔻Download This Episode's Chartbook: 📈📉: https://bit.ly/3HpyhE0
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/46Ul2FD
🔴 Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
✅ Join OptionFinity discord: https://discord.gg/Rvnsv6Y
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1/18/2024 • 55 minutes, 27 seconds
MacroVoices #410 Justin Huhn: Investing in All Things Nuclear
MacroVoices Erik Townsend & Patrick Ceresna welcome Justin Huhn as this weeks guest. Erik & Justin focus on the immediate investment plays in the uranium mining sector, and how pending legislation only strengthens the bull case for Uranium and Uranium mining shares.
⚫ Follow Justin Huhn on X: https://twitter.com/uraniuminsider
⚫ Check Out Uranium Insider Newsletter: https://www.uraniuminsider.com
🌟The Gold Standard of Profits🌟
𝙐𝙣𝙡𝙤𝙘𝙠𝙞𝙣𝙜 𝙋𝙧𝙤𝙛𝙞𝙩𝙨 𝙞𝙣 𝙏𝙝𝙚 𝘾𝙤𝙢𝙞𝙣𝙜 𝙂𝙤𝙡𝙙 𝘽𝙪𝙡𝙡 𝙈𝙖𝙧𝙠𝙚𝙩
Join Patrick Ceresna for a 𝗙𝗥𝗘𝗘 𝗟𝗜𝗩𝗘 webinar
Monday January 15th, 2024 at 1:00pm ET
Register here for 𝗙𝗥𝗘𝗘: https://www.bigpicturetrading.com/gold
🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/
🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
🔴 Nuclear SMRs VS Renewables: https://energytransitioncrisis.org/smr
🔻Download This Episode's Chartbook: 📈📉: https://bit.ly/3vxVG3y
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/46Ul2FD
🔴 Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
✅ Join OptionFinity discord: https://discord.gg/Rvnsv6Y
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
1/11/2024 • 1 hour, 30 minutes, 30 seconds
MacroVoices #409 Mark Nelson: All Things Nuclear Energy
MacroVoice's Erik Townsend & Patrick Ceresna welcome Mark Nelson as the special holiday guest for the New Year. Erik and Mark will delve into the intricate world of nuclear reactors, exploring potential fuels like Thorium, and shedding light on the contemporary challenges entwined with nuclear regulations. https://bit.ly/3H52Kan
Follow Mark Nelson on X: https://twitter.com/energybants
Check Out: https://www.radiantenergygroup.com/
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Nuclear SMRs VS Renewables: https://energytransitioncrisis.org/smr
Download This Episode's Chartbook: 📈📉: https://bit.ly/3S4KyDS
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/46Ul2FD
Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
Join OptionFinity discord: https://discord.gg/Rvnsv6Y
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1/4/2024 • 2 hours, 9 minutes, 51 seconds
MacroVoices #408 Lyn Alden: Broken Energy
MacroVoice's Erik Townsend & Patrick Ceresna welcome back Lyn Alden as this years special holiday guest. Erik & Lyn will discuss the alternative energy sources needed for energy transition, including Nuclear, Hydro, Wind and Solar and some of the complications that may arise with each. https://bit.ly/3RAdIJW
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Nuclear SMRs VS Renewables: https://energytransitioncrisis.org/smr
Download Lyn Alden's: Broken Energy Chart Book 📈📉: https://bit.ly/3RwBDK6
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/46Ul2FD
Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
Join OptionFinity discord: https://discord.gg/Rvnsv6Y
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12/28/2023 • 1 hour, 48 minutes, 7 seconds
MacroVoices #407 Jim Bianco: Jay Powell’s “word salad”, FOMC Mood Swings, Interest Rate Outlook, Crypto & More
MacroVoice's Erik Townsend & Patrick Ceresna welcome back Jim Bianco. Erik & Jim will discuss the FOMC’s about face on monetary policy, why it happened, and what comes next. Jim says peak yields are NOT yet behind us... https://bit.ly/3RQyciC
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3TGqLfc
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/46Ul2FD
Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
Join OptionFinity discord: https://discord.gg/Rvnsv6Y
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
12/21/2023 • 1 hour, 31 minutes, 7 seconds
MacroVoices #406 Matt Barrie: AI-pocalypse Now
Macrovoice's Erik Townsend & Patrick Ceresna welcome Freelancer Founder, Matt Barrie. Erik and Matt have an interesting discussion about the potential human prosperity and existential threat, AI may give us in a future not too far away. https://bit.ly/476Sauc
Read Matt’s ‘AI-pocalypse’ Article Here: https://bit.ly/3RIfJor
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3v3bZFq
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/46Ul2FD
Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
Join OptionFinity discord: https://discord.gg/Rvnsv6Y
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
12/14/2023 • 1 hour, 23 minutes, 58 seconds
MacroVoices #405 Marko Papic: Investment Implications of Geopolitics Around The Globe
MacroVoice's Erik Townsend and Patrick Ceresna welcome, Clocktower Group Chief Strategist, Marko Papic. Erik and Marko will discuss all of the geopolitical developments around the globe and their impact on financial markets. https://bit.ly/3NiHzoR
✅SPECIAL WEBINAR "Discover Your New Favourite Hedging Strategy"
Monday, December 11th, 1pm ET
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Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/41giQXR
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J\
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Join OptionFinity discord: https://discord.gg/Rvnsv6Y
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12/7/2023 • 1 hour, 26 minutes, 47 seconds
MacroVoices #404 David Rosenberg: The Bond Bullion Barbell
MacroVoices Erik Townsend and Patrick Ceresna welcome back Rosenberg Research Founder, David Rosenberg. They discuss Rosie’s two strongest conviction trades are long duration and long gold and whether the bear market is over in stocks and much more. https://bit.ly/3uEMvOg
Rosenberg Research Free Trial
✅SPECIAL WEBINAR - Register For FREE!: https://www.bigpicturetrading.com/hedge
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉:https://bit.ly/3sKrlxI
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J\
Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
Join OptionFinity discord: https://discord.gg/Rvnsv6Y
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
11/30/2023 • 1 hour, 2 minutes, 57 seconds
MacroVoices #403 Daniel Lacalle: EU Economic Outlook, Inflation, Monetary Aggregates, Energy and Much More
MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show. They discuss everything from recession risk to Eurozone economic weakness and what’s causing it, to inflation and why Daniel says last week’s CPI print wasn’t necessary as bullish as market participants have perceived, to monetary aggregate contraction to energy prices and the upcoming OPEC+ meeting this Sunday to what’s happened to public sentiment in Europe relative to nuclear energy. https://bit.ly/47MDHEu
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉:https://bit.ly/3sKrlxI
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J\
Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
Join OptionFinity discord: https://discord.gg/Rvnsv6Y
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
11/22/2023 • 1 hour, 14 minutes, 6 seconds
MacroVoices #402 lakshman Achuthan: A Soft Landing Still A Dream
MacroVoices Erik Townsend and Patrick Ceresna welcome back Lakshman Achuthan as this weeks featured guest. They'll discuss ECRI’s leading indicators, growth and inflation, the Hard Landing Lak still predicts and much more! https://bit.ly/49S2gBN
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Join OptionFinity discord: https://discord.gg/Rvnsv6Y
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3SNA7Wb
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
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11/16/2023 • 57 minutes, 52 seconds
MacroVoices #401 Leigh Goehring: The Role of Monetary Policy in Commodity Investing
MacroVoices Erik Townsend and Patrick Ceresna, welcome back Goehring & Rozencwaj Co-Founder Leigh Goehring as this weeks guest. Erik and Leigh will discuss the relationship between monetary policy and commodities investing, gold-backed digital currencies and much more. https://bit.ly/468MiA2
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3QPPxIe
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
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11/9/2023 • 1 hour, 16 minutes, 37 seconds
MacroVoices #400 Rory Johnston: All Things Oil
MacroVoices Erik Townsend & Patrick Ceresna welcome Rory Johnston as this weeks guest. Erik & Rory will discuss everything from the predictions of massive supply shortfalls to the U.S. SPR. https://bit.ly/49hmVPb
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3MOUvCL
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
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11/2/2023 • 1 hour, 23 minutes, 57 seconds
MacroVoices #399 Ole S Hansen: Still Bullish Commodities
MacroVoice's Erik Townsend & Patrick Ceresna welcome Ole S Hansen as this week’s guest. Ole says the bull market has paused in some commodities, but is set to continue. They also talk about crude oil and the debate over how big the Iran escalation risk is in the Israel conflict. https://bit.ly/46HF07i
Ole's Charts: https://bit.ly/3MdGBtm
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/477pvpg
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
10/26/2023 • 1 hour, 14 minutes
MacroVoices #398 Lyn Alden: Broken Money
MacroVoices Erik Townsend and Patrick Ceresna welcome back best-selling author, Lyn Alden. They'll talk about her new book Broken Money, before moving on to discuss the end of the Peace Dividend, energy scarcity, and much more. https://bit.ly/46VAuBR
Lyn Alden's Charts: https://bit.ly/46SXZeT
Buy Lyn Alden's Book 'Broken Money' Now: https://bit.ly/3tEu3EX
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/46CDzHd
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials
10/19/2023 • 1 hour, 29 minutes, 34 seconds
MacroVoices #397 Alex Gurevich: The Real Rates Tsunami
MacroVoices Erik Townsend and Patrick Ceresna welcome back, Honte investments fund manager Alex Gurevich. Erik and Alex discuss the reasons why Alex is still committed to the long duration trade long-term, and why that trade hasn’t been performing recently. https://bit.ly/3RW7Hcj
Alex's Market Note: https://bit.ly/3FhA9xH
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3PTuFOD
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
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10/12/2023 • 1 hour, 7 minutes, 8 seconds
MacroVoices #396 Luke Gromen: The Dollar Treasury Feedback Loop, Deconstructed
MacroVoices Erik Townsend and Patrick Ceresna welcome back, Forest for the Trees founder Luke Gromen. Luke and Eric will deconstruct the dollar-bond yield relationship and discuss TSY yields running away this week, and where they’re headed next.
Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity
Join OptionFinity discord: https://discord.gg/Rvnsv6Y
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
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10/5/2023 • 1 hour, 3 minutes, 28 seconds
MacroVoices #395 Simon White: Inflation, Stocks & Why TINA is Coming Back
MacroVoices Erik Townsend and Patrick Ceresna welcome back Bloomberg’s Macro Strategist, Simon White to the show. Simon and Erik will discuss inflation, deflation and stock bond correlation.
https://bit.ly/3tbJEeY
Download Simon's Charts: Simon White - MacroVoices 28 2023
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading chartbook 📈📉 https://bit.ly/3RBr8a0
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9/28/2023 • 1 hour, 19 minutes, 18 seconds
MacroVoices #394 Louis-Vincent Gave: China, Energy & More
MacroVoices Erik Townsend and Patrick Ceresna welcome back Gavekal co-founder, Louis-Vincent Gave to the show. Louis and Erik will discuss the economic situation in China, inflation, energy prices, and much more. https://bit.ly/3rlVliz
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading chartbook 📈📉 https://bit.ly/3sVfw7q
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MacroVoices Erik Townsend and Patrick Ceresna welcome Convexity Maven Harley Bassman to the show. Harley says why take credit risk when the market is paying traders who understand convexity more handsomely. They also discuss inflation and the other usual macro suspects. https://bit.ly/3ZeEsmF
Download Harley's charts: https://bit.ly/45TT516
Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1
Download Big Picture Trading chartbook 📈📉 https://bit.ly/3sRkWAq
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
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9/14/2023 • 1 hour, 9 minutes, 47 seconds
MacroVoices #392 Jesse Felder: Questioning the Soft Landing Narrative
MacroVoices Erik Townsend and Patrick Ceresna welcome Jesse Felder to the show. They discuss the many reasons Jesse is questioning the soft landing narrative and expecting more turbulence for the stock market. Then Erik shares his exciting commodity trade idea before moving onto postgame with Patrick. https://bit.ly/45I2ysd
Download Jesse’s charts: https://bit.ly/3Eu9PQt
Download Big Picture Trading chartbook 📈📉 https://bit.ly/3RbCyRu
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9/7/2023 • 1 hour, 9 minutes, 48 seconds
MacroVoices #391 Brent Johnson: The Dollar Is Not Done
MacroVoices Erik Townsend and Patrick Ceresna welcome Santiago Capital founder Brent Johnson to the show. They discuss the reasons Brent thinks the U.S. Dollar bull market isn’t over yet, and why Brent thinks new highs for the dollar index are still to come. https://bit.ly/3EjuaYB
Download Brent’s charts: https://bit.ly/44xYY2r
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8/31/2023 • 1 hour, 13 minutes, 14 seconds
MacroVoices #390 Matt Barrie: The awesome power and risk of Artificial Intelligence
In this summer special episode, Erik Townsend welcomes Freelancer.com CEO Matt Barrie to the show for an extra long interview to discuss the macro impacts and knock-on effects of Artificial Intelligence. Market wrap and postgame segment will resume next week. https://bit.ly/3OMuWlW
AI know what you did last summer. - Matt Barrie
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8/24/2023 • 2 hours, 5 minutes, 24 seconds
MacroVoices #389 Justin Huhn: Update On All Things Nuclear
MacroVoices Erik Townsend and Patrick Ceresna welcome Uranium Insider founder and publisher Justin Huhn to the show. They begin with a review of the near-to-medium term bull case for uranium mining stocks before moving on to a longer-term discussion about advanced nuclear technologies. https://bit.ly/45uBR9Y
Download Justin’s slide deck: https://bit.ly/3YEle9w
Download Big Picture Trading chartbook 📈📉 https://bit.ly/3KKFCAb
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
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Join OptionFinity discord: https://discord.gg/Rvnsv6Y
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8/17/2023 • 1 hour, 18 minutes, 48 seconds
MacroVoices #388 Lakshman Achuthan: Recession Still On Deck
MacroVoices Erik Townsend and Patrick Ceresna welcome ECRI co-founder Lakshman Achuthan to the show to discuss the business cycle and why the expected recession is taking longer than expected to arrive before moving on to discuss whether a new secular inflation trend underlies the transitory inflation from pandemic supply chain effects, which is now receding. https://bit.ly/3DRqq0o
Download Lakshman’s Charts: https://bit.ly/45ndvih
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Join OptionFinity discord: https://discord.gg/Rvnsv6Y
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8/10/2023 • 1 hour, 9 minutes, 40 seconds
MacroVoices #387 Jeff Snider: On Deflation and Soft Landing
MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show to discuss the inflation story over one of Jeff’s infamous chart decks and whether the “soft landing” forecast that’s become popular is accurate. https://bit.ly/3QlP5RZ
Download Jeff’s Charts: https://bit.ly/459utkc
Visit Eurodollar University: https://www.eurodollar.university/
Check out Eurodollar University on YouTube: https://www.youtube.com/@eurodollaruniversity
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8/3/2023 • 1 hour, 13 minutes, 20 seconds
MacroVoices #386 Lyn Alden: Energy, Inflation & much more
MacroVoices Erik Townsend and Patrick Ceresna welcome Lyn Alden to the show to take a deep dive on energy, everything from crude oil to natural gas to shale depletion rates. And finally, uranium before moving on to talk in depth about inflation. https://bit.ly/3OyuKaI
Download Lyn’s Charts: https://bit.ly/475fOZ4
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Join OptionFinity discord: https://discord.gg/Rvnsv6Y
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7/27/2023 • 1 hour, 2 minutes, 16 seconds
MacroVoices #385 Dr. Anas Alhajji: 2024 Energy Markets Outlook & More
MacroVoices Erik Townsend and Patrick Ceresna welcome Dr. Anas Alhajji to the show to discuss everything from an update on his market outlook to why Chinese reopening didn’t have the demand recovery effect so many of us predicted. https://bit.ly/43OUvbz
⭐️Join Patrick for a LIVE webinar on Tuesday July 25th at 1pm ET⭐️ Sign up here ➡️ https://www.bigpicturetrading.com/money
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7/20/2023 • 1 hour, 15 minutes, 10 seconds
MacroVoices #384 Darius Dale: Blow-Off Top Coming Before Bears Get Validated
MacroVoices Erik Townsend and Patrick Ceresna welcome 42 Macro founder Darius Dale to the show to discuss what the bears got wrong, why Darius thinks there’s still some upside left in the stock market, before it ultimately reverses direction to vindicate the bears. They also discuss inflation, why the macro backdrop has changed considerably, and finally, China’s recovery and why it didn’t have the expected effect on global demand recovery. https://bit.ly/3NPvcQC
Download Darius’ charts: https://bit.ly/3OdfHTN
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7/13/2023 • 1 hour, 12 minutes, 10 seconds
MacroVoices #383 Juliette Declercq: Update on Immaculate Disinflation Thesis
MacroVoices Erik Townsend and Patrick Ceresna welcome JDI Research founder Juliette Declercq to the show to discuss why she thinks we’re in an immaculate disinflation, and what she sees on the horizon for markets. https://bit.ly/3O1WHrr
Download Juliette’s charts: https://bit.ly/3pyYn2f
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7/6/2023 • 57 minutes, 4 seconds
MacroVoices #382 Dr. Pippa Malmgren: A Tale of Two Civil Wars
MacroVoices Erik Townsend and Patrick Ceresna welcome best-selling author and geopolitical commentator Dr. Pippa Malmgren to the show. They discuss the aborted coup in Russia last weekend before moving on to issues affecting the United States. https://bit.ly/3CQ9KG3
Check out Pippa's substack: https://drpippa.substack.com/
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6/29/2023 • 1 hour, 5 minutes, 49 seconds
MacroVoices #381 Leigh Goehring: Global Food Crisis Update
MacroVoices Erik Townsend and Patrick Ceresna welcome Goehring & Rozencwajg founder Leigh Goehring to the show and the topic is an update on the formative global food crisis resulting from more of the world’s economies advancing to the point where far more people eat meat all over the world. https://bit.ly/3Pr09wU
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6/22/2023 • 1 hour, 4 minutes, 12 seconds
MacroVoices #380 Jim Bianco: FOMC to China to Dollar to AI
MacroVoices Erik Townsend and Patrick Ceresna welcome Bianco Research founder Jim Bianco to the show to discuss the FOMC statement, the Fed’s hawkish pause, where rates and stock prices are headed, and much more. https://bit.ly/3Cy5V84
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6/15/2023 • 1 hour, 6 minutes, 51 seconds
MacroVoices #379 Bill Blain: Inflation, Central Banks, BRICS, Geopolitics, Alternative Assets & more
MacroVoices Erik Townsend and Patrick Ceresna welcome Bill Blain to the show to discuss whether inflation is transitory, sticky, or secular, the outlook for yields and equity markets, artificial intelligence, precious metals, and much more. https://bit.ly/42KlbcZ
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6/8/2023 • 1 hour, 1 minute, 23 seconds
MacroVoices #378 Ronnie Stoeferle: In Gold We Trust - Showdown
MacroVoices Erik Townsend and Patrick Ceresna welcome Ronnie Stoeferle to the show to discuss all things precious metals - from the fundamental outlook to likely possibility of an even deeper correction than we’ve seen so far before the yellow metal makes an assault on new all-time highs in U.S. dollar terms. https://bit.ly/3WLKYQu
IGWT – Showdown: https://bit.ly/3oAxb2H
In Gold We Trust Report: https://bit.ly/42qB4VO
IGWT – Compact Version: https://bit.ly/3C4iQ1x
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6/1/2023 • 1 hour, 8 minutes, 30 seconds
MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Tressis chief economist Daniel Lacalle to the show to discuss the European macroeconomic situation, where markets and the economy are headed in the 2nd half of 2023, China and Taiwan, the emergent BRICS currency system, and much more. https://bit.ly/43va5t7
Check out Daniel's YouTube channel: https://www.youtube.com/@DanielLacalleInEnglish
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5/25/2023 • 1 hour, 10 minutes, 29 seconds
MacroVoices #376 Tian Yang: When the Recession Becomes Obvious
Erik Townsend and Patrick Ceresna welcome Variant Perception CEO Tian Yang to the show to discuss the long-awaited U.S. recession, and the final flush in U.S. equity markets, which Tian says is still to come. Tian will also share a non-concensus view on Gold and much more. https://bit.ly/424aoKl
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5/18/2023 • 1 hour, 9 seconds
MacroVoices #375 Mike Green: Banking Crisis, Debt Ceiling, De-dollarization and more
MacroVoices Erik Townsend and Patrick Ceresna welcome Simplify Asset Management’s chief market strategist Mike Green to the show to discuss the banking crisis, the debt ceiling debacle, de-dollarization, artificial intelligence and much more.
https://bit.ly/3VWbLsW
Vanguard's trillion-dollar man leads a fixed-income revolution 📃 https://bit.ly/41twl4U
Mike’s Substack: https://michaelwgreen.substack.com/
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5/11/2023 • 1 hour, 7 minutes, 42 seconds
MacroVoices #374 Chris Whalen: Are More Banks Going To Fail?
MacroVoices Erik Townsend and Patrick Ceresna welcome Whalen Global Advisors founder Chris Whalen to the show to discuss the formative banking crisis, what’s driving it, and what comes next. They also touch on the outlooks for stocks and precious metals. https://bit.ly/414Qj5S
The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/
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5/4/2023 • 58 minutes, 38 seconds
MacroVoices #373 Ole Hansen: Commodities Update
MacroVoices Erik Townsend welcomes Saxo Bank Chief Commodities strategist Ole Hansen to the show to discuss the broader commodities bull market and the role interest rates play in contango and backwardation. Then they drill down on specific commodities including crude oil, gold, copper, grains and more. https://bit.ly/3LADP1y
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4/27/2023 • 1 hour, 14 minutes, 7 seconds
MacroVoices #372 David Rosenberg: The Bear Market Bottom Is Not In
MacroVoices Erik Townsend and Patrick Ceresna welcome Rosenberg Research founder David Rosenberg to the show. Rosie says the bottom isn’t in yet for the stock market, and the long-awaited recession has finally begun now. They also discuss precious metals, bond yields and FOMC policy. https://bit.ly/43MiHMK
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4/20/2023 • 56 minutes, 4 seconds
MacroVoices #371 Larry McDonald: Fed Will Be Forced To Cut By The End Of The Year
MacroVoices Erik Townsend and Patrick Ceresna welcome best selling author and The Bear Traps Report editor Larry Mcdonald to the show to discuss the upcoming debt ceiling debate and how it will play into Federal Reserve policy, as well as the outlook for energy markets and energy stocks. https://bit.ly/41ijPWA
Get access to The Bear Traps Report: https://bit.ly/3zVsGlb
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4/13/2023 • 1 hour, 2 minutes, 45 seconds
MacroVoices #370 Adam Rozencwajg: Energy, Gold, Copper & Uranium
MacroVoices Erik Townsend and Patrick Ceresna welcome Goehring & Rozencwajg co-founder Adam Rozencwajg to the show to discuss energy, gold, copper and much more. https://bit.ly/3ZO72Kf
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4/6/2023 • 1 hour, 3 minutes, 3 seconds
MacroVoices #369 Dr. Pippa Malmgren: Perspective on the Further Geopolitical Escalation
MacroVoices Erik Townsend welcomes Dr. Pippa Malmgren to the show to discuss the escalating geopolitical situation, including Pippa’s views that the Pentagon played a role in orchestrating the Silicon Valley Bank bailout to protect defense technology interests, and that China rather than Russia has been the principal aggressor from the beginning of the Ukraine conflict. https://bit.ly/3ntCYGn
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3/29/2023 • 1 hour, 17 minutes, 26 seconds
MacroVoices #368 Charlie McElligott: Banking Crisis, FOMC, 0DTE, CTAs & more
MacroVoices Erik Townsend welcomes Nomura’s Charlie McElligott to the show to discuss the formative banking crisis, monetary policy including yesterday’s 25 bps hike into the banking crisis, how to trade the Fed boxing itself into a corner, 0DTE options, abysmal performance of Commodity Trend funds in 2023, and much more.
https://bit.ly/3K4aFal
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3/23/2023 • 1 hour, 17 minutes, 27 seconds
MacroVoices #367 Luke Gromen: USD Update in the Wake of SVB Collapse
MacroVoices Erik Townsend welcomes Forest for the Trees founder Luke Gromen to the show to discuss how the US Dollar has fared in the wake of central bank divestitures and Luke’s outlook for the dollar and other markets in the wake of Silicon Valley Bank’s collapse after the biggest bank run in U.S. history last Thursday. https://bit.ly/3mZTwVT
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3/16/2023 • 1 hour, 24 minutes, 20 seconds
MacroVoices #366 Louis-Vincent Gave: Staying Humble in Troubling Times
MacroVoices Erik Townsend welcomes Louis-Vincent Gave to the show to discuss a number of big-picture factors driving the markets, ranging from geopolitical escalation risks to Chinese demand to why precious metals haven’t responded more to geopolitical risk escalation. https://bit.ly/3mzsKDH
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3/9/2023 • 1 hour, 9 minutes, 59 seconds
MacroVoices #365 Dr. Anas Alhajji: Energy Markets and Lessons Learned Since the Russian Invasion
MacroVoices Erik Townsend welcomes Dr. Anas Alhajji to the show. Anas predicted President Biden’s recent announcement that another 23mm BBL of crude oil would be released from the U.S. SPR months before it happened. They discuss the SPR and Anas’ broader outlook for energy markets in the feature interview. https://bit.ly/3YhqaPX
Download Dr. Alhajji's charts: https://bit.ly/3ZB0uz0
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3/2/2023 • 1 hour, 14 minutes, 55 seconds
MacroVoices #364 Julian Brigden: On Opportunistic Disinflation
MacroVoices Erik Townsend welcomes MI2 founder Julian Brigden to the show to discuss inflation, treasury yields, Fed policy, bond market outlook, stocks, precious metals and more.
Then former U.S. Presidential Advisor Dr. Pippa Malmgren joins in postgame for a quick update on the rapidly escalating geopolitical situation. https://bit.ly/3ZhXbMG
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MacroVoices Erik Townsend welcomes ECRI co-founder Lakshman Achuthan to the show. They revisit Lak’s recession call from last summer, which he’s still committed to. They also examine the growth, business and inflation cycles along with ECRI’s leading indicators which are plumbing lows never seen before except during the depths of the 2008 crash.https://bit.ly/3YAp6aT
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2/16/2023 • 1 hour, 5 minutes, 20 seconds
ENERGY DOC *NEW REVISED VERSION* Episode 3: Supercritical Deep Geothermal Renewable Energy
Sneak preview of Erik Townsend's upcoming docuseries about the coming global energy crisis.
This is a new version of this episode re-written based on listener feedback.
3rd of 5 special episodes. Download associated .PDF https://bit.ly/3IgepVg
#OOTT
2/14/2023 • 52 minutes, 11 seconds
ENERGY DOC *NEW REVISED VERSION* Episode 2: Origins of the mid-2020s Oil & Gas Supply Crisis
Sneak preview of Erik Townsend's upcoming docuseries about the coming global energy crisis.
This is a new version of this episode re-written based on listener feedback.
2nd of 5 special episodes. Download associated .PDF https://bit.ly/3IgepVg
#OOTT
2/13/2023 • 1 hour, 8 minutes, 4 seconds
ENERGY DOC *NEW REVISED VERSION* Episode 1: Why Energy Transition is the greatest challenge humanity faces
Sneak preview of Erik Townsend’s upcoming docuseries about the coming global energy crisis.
This is a new version of this episode re-written based on listener feedback.
1st of 5 special episodes. Download associated .PDF https://bit.ly/3IgepVg
#OOTT
2/12/2023 • 1 hour, 8 minutes, 42 seconds
MacroVoices #362 Jeff Snider: Soft Landing or Crash Landing?
MacroVoices Erik Townsend welcomes Eurodollar University founder Jeff Snider to the show to discuss whether the Fed has really achieved the soft landing they’re crediting themselves for, credit markets, Eurodollar curves, recession outlook and more. https://bit.ly/40FI6WS
Download Jeff's slidedeck: https://bit.ly/3HQZm2I
Check out Eurodollar University: https://www.youtube.com/@eurodollaruniversity
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2/9/2023 • 1 hour, 18 minutes, 41 seconds
Energy Doc Episode #5: Advanced Nuclear Solutions & Prescriptions for Solving the Crisis
Sneak preview of Erik Townsend’s upcoming docuseries about the coming global energy crisis.
Why it can’t be avoided, what caused it, and what it will take to solve it.
Last of 5 special episodes airing Sundays. Download associated PDF https://bit.ly/3jx8zFm
#OOTT
2/5/2023 • 59 minutes, 47 seconds
MacroVoices #361 Alex Gurevich: Jay Powell says, “Effects of tightening not yet felt.” Alex says, “No shit, Jay.”
MacroVoices Erik Townsend welcomes Honte investments fund manager Alex Gurevich to the show. They discuss this week’s FOMC statement and press briefing, inflation, crude oil, interest rates, equity markets, and precious metals. https://bit.ly/40pDvrx
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2/2/2023 • 1 hour, 7 minutes, 4 seconds
Energy Doc Episode #4: What’s wrong with Nuclear Energy?
Sneak preview of @ErikSTownsend’s upcoming docuseries about the coming global energy crisis.
Why it can’t be avoided, what caused it, and what it will take to solve it.
4th of 5 special episodes airing Sundays in January. Download associated .PDF https://bit.ly/3JoMzXD
#OOTT
1/29/2023 • 1 hour, 4 minutes, 29 seconds
MacroVoices #360 Viktor Shvets: Inflation, Interest Rates, Equity Outlook & more
MacroVoices welcomes Macquarie chief macro strategist Viktor Shvets to the show. They discuss the geopolitical outlook, inflation, bond yields, recession risk, equity market outlook, gold and much more. https://bit.ly/3WL6enD
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1/26/2023 • 1 hour, 8 minutes, 3 seconds
MacroVoices #359 Lyn Alden: 2023 Macro Outlook
MacroVoices Erik Townsend welcomes Lyn Alden to the show. They revisit her crude oil outlook then dive into a slide deck exploring Lyn’s most interesting insights and perspectives for 2023. https://bit.ly/3Hif3Rw
Download Lyn's chartbook: https://bit.ly/3QYL0l5
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1/19/2023 • 1 hour, 6 minutes, 48 seconds
MacroVoices #358 Robert Friedland: Geopolitical outlook & Geothermal Energy Revisited
MacroVoices Erik Townsend welcomes the founder of the Ivanhoe mining empire, Robert Friedland to the show. They discuss the geopolitical change toward a multi-polar world, the war cycle, the coming energy crisis, deep geothermal energy, and much more. https://bit.ly/3W5oDLG
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1/12/2023 • 1 hour, 38 minutes, 12 seconds
MacroVoices #357 Darius Dale: The Recession is Coming But Not Until the Second Half
MacroVoices Erik Townsend welcomes 42 Macro founder Darius Dale to the show. Darius told us one year ago that 2022 could be a crash year for the stock market, and needless to say he got the bear call right. They discuss his current outlook for economic cycles, stocks, and commodities including gold. https://bit.ly/3iahs7j
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1/5/2023 • 1 hour, 10 minutes, 46 seconds
MacroVoices #356 Justin Huhn: Investing in All Thing Nuclear
MacroVoices Erik Townsend welcomes Uranium Insider newsletter editor Justin Huhn to the show to discuss the overall investment argument for nuclear energy and understanding the nuclear fuel cycle and how to invest in it and much more. https://bit.ly/3VvHsYn
Download chartbook: https://bit.ly/3Q0FoGk
Get a sample issue of Uranium Insider Pro Monthly Newsletter
12/29/2022 • 1 hour, 47 minutes, 27 seconds
MacroVoices #355 Mark Nelson: Understanding All Things Nuclear
In this first part of holiday special, MacroVoices welcomes nuclear engineer Mark Nelson to the show to discuss all things nuclear. Erik and Mark start with a brief history of the industry, then talk about both real and perceived problems with nuclear power, before moving on to discuss advanced nuclear technologies including small modular nuclear reactors, molten salt cooled reactors and Thorium-fuelled nuclear reactors. https://bit.ly/3Wg3q2J
Radiant Energy Group
Kirk Sorensen: Thorium, an alternative nuclear fuel
Mothers for Nuclear
Clean Core Thorium Energy
Worlds Nuclear Association Library
What Is Nuclear Energy? - Nick Touran
The Story of Storage (Mark Nelson Masterclass) - Decouple Podcast
Something's Rotten with French Nuclear- Decouple Podcast
The Russian Atom feat. Mark Nelson- Decouple Podcast
What Went Wrong at Vogtle? feat. Mark Nelson - Decouple Podcast
A Hard Landing for Soft Energy - Decouple Podcast
On the use and abuse of LCOE - Decouple Podcast
Dutch Waste Facility
Thread on Nuclear Waste
Thread on Dutch Waste Facility
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12/22/2022 • 2 hours, 34 minutes, 25 seconds
MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
MacroVoices welcomes Bianco Research founder Jim Bianco to the show to discuss the latest CPI data and Federal Reserve statement and press briefing. Then we’ll get Jim’s insights on news most people missed: China’s announcements that they’ll stop reporting COVID case counts, and effectively let Omicron burn through while relaxing Zero Covid policies. We’ll also discuss Jim’s outlook for fixed income, equities, gold, and more. https://bit.ly/3HEMnTf
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12/15/2022 • 1 hour, 20 minutes, 45 seconds
MacroVoices #353 Luke Gromen: The Fed Is Headed For Difficult Decisions
MacroVoices welcomes Luke Gormen to the show to discuss whether the bear market rally in equities is over, whether inflation has peaked, and how the U.S. Government will fund deficit spending in an era when China and Russia are no longer ready buyers of U.S. debt issuance. https://bit.ly/3FBdjBV
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12/8/2022 • 1 hour, 21 minutes, 44 seconds
MacroVoices #352 David Rosenberg: This Bear Market Has A Long Way To Go
MacroVoices welcomes Rosenberg Research Founder, David Rosenberg to the show. David says this bear market isn’t over yet, and warns that past bear market rallies have ended at or near the 200-day moving average, which the S&P just moved above this week. He says inflation has already peaked, but cautions that doesn’t mean the Fed is going to pivot right away. https://bit.ly/3uhorh1
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12/1/2022 • 1 hour, 19 minutes, 34 seconds
MacroVoices #351 Dr. Pippa Malmgren: Update on All Things Geopolitical
MacroVoices welcomes Dr. Pippa Malmgren to the show for an extended interview to discuss everything from the global conflict of superpowers and the proxy war in Ukraine, the scandals in cryptocurrency markets and what they will mean for the acceleration of central-bank digital currency adoption, the new space race for military and telecommunications control of the moon , the return of Donald Trump to the political stage in the run-up to the 2024 election and why China has been so slow to fully reopen its economy after the COVID pandemic. http://bit.ly/3ODO9ph
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11/23/2022 • 1 hour, 45 minutes, 8 seconds
MacroVoices #350 Mike Green: Investing Opportunity in an Increasingly Uncertain World
MacroVoices welcomes Simplify Asset management chief strategist and portfolio manager, Mike Green to the show. Mike was the first person to bring up World War III to MacroVoices but he’s not talking about nuclear armageddon - he is talking about growing conflict between Russia, United States and China. This interview will focus on the economic and trading implications of the new war cycle. https://bit.ly/3tK1hiR
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11/17/2022 • 1 hour, 36 minutes, 8 seconds
MacroVoices #349 Rory Johnston: Crude Oil Outlook & SPR Discourse
MacroVoices welcomes Commodity Context founder Rory Johnston as this week’s feature interview guest to take a deep dive on crude oil supply and demand fundamentals, China reopening, Russian sanctions, and finally the long-awaited Strategic Petroleum Reserve discourse so many of you have requested. https://bit.ly/3G27jCT
Check out Commodity Context: https://www.commoditycontext.com/
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11/10/2022 • 1 hour, 51 minutes, 9 seconds
MacroVoices #348 Eric Peters: On The Road From Mean Reversion To Reflexivity
One River Asset Management founder & CIO Eric Peters returns as this week’s feature interview guest. We’ll discuss why Eric thinks that post-pandemic patterns in everything from inflation to supply chain disruptions yields a conclusion that we’ve moved from a paradigm of mean reversion to a new paradigm of reflexivity. https://bit.ly/3DZbcY7
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11/3/2022 • 1 hour, 17 minutes, 47 seconds
MacroVoices #347 Ole Hansen: Commodities Can Go Up Even In Recession
Saxo Bank commodities guru Ole Hansen is back as this week’s feature interview guest. Ole says that with structural inflation, commodity prices really can rise even in recession. Erik and Ole talk about the energy crisis, base metals, precious metals, and much more. https://bit.ly/3Fjkhfi
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10/27/2022 • 1 hour, 14 minutes, 29 seconds
MacroVoices #346 Louis-Vincent Gave: The Xi Pivot vs. The Powell Pivot
MacroVoices welcomes Gavekal co-founder, Louis-Vincent Gave to the show. Louis says when China’s Xi Jinping pivots from zero COVID policy to re-opening the Chinese economy, it will send a macroeconomic shock wave through global markets that will re-ignite inflation and have more overall effect than the Fed pivot most market participants are obsessed with. https://bit.ly/3SlOm0q
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10/20/2022 • 1 hour, 22 minutes, 3 seconds
MacroVoices #345 Daniel Lacalle: The Situation in Europe is Worse Than You Think
MacroVoices welcomes Tressis Chief Economist, Daniel Lacalle to the show. They discuss the Macro outlook in Europe and Daniel says the dire economic situation in Europe is entirely the making of EU policymakers, not Vladimir Putin. https://bit.ly/3VoY9FS
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10/13/2022 • 1 hour, 28 minutes
MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead
MacroVoices welcomes HonTe Investments founder Alex Gurevich to the show where Alex shares why he agrees with the view that the macro risks are quite substantial now and why he thinks we're headed toward a deflationary depression.https://bit.ly/3RN2Bv4
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10/6/2022 • 1 hour, 19 minutes, 24 seconds
MacroVoices #343 Jeff Snider: Why the Dollar Remains King
MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show. With the USD appreciating to levels few predicted, it was time to bring back someone who predicted the move. So this week’s feature interview will focus on what the factors are that drive the U.S. Dollar. We’re also introducing a new show format this week, which includes adding a new personality to our postgame segment to keep things interesting. https://bit.ly/3LX9bxY
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9/29/2022 • 1 hour, 27 minutes, 36 seconds
MacroVoices #342 Mike Alkin & Adam Rodman: Can a Nuclear Renaissance Solve the Energy Crisis?
In this interview-only episode, MacroVoices Erik Townsend welcomes Mike Alkin (Sachem Cove Partners) and Adam Rodman (Segra Capital) to the show to expand on the energy crisis discussion and whether a nuclear renaissance could solve our global energy problem. https://bit.ly/3R5zAdz
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9/22/2022 • 1 hour, 42 minutes, 28 seconds
MacroVoices #341 Jim Bianco: Inflation Is Not Going Away
MacroVoices Erik Townsend and Patrick Ceresna welcome Bianco Research founder Jim Bianco to revisit the inflation debate, and Jim says inflation isn’t going away any time soon. They also discuss the equity market outlook, precious metals, and much more. https://bit.ly/3QO1Ml9
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9/15/2022 • 1 hour, 18 minutes, 2 seconds
MacroVoices #340 Dr. Anas Alhajji: Erik has the Energy Crisis story all wrong. It’s WORSE than he thinks!
MacroVoices Erik Townsend and Patrick Ceresna welcome Dr. Anas Alhajji to the show to discuss the role of the petrodollar system and what the implications would be if other nations settled oil trades in currencies other than the USD. They also discuss the Russian crude price cap proposal and why it can’t possibly work. https://bit.ly/3QDd8IU
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9/8/2022 • 1 hour, 23 minutes, 26 seconds
MacroVoices #339 Lakshman Achuthan: Leading Indicators Say The Bear Market Has Not Ended
MacroVoices Erik Townsend and Patrick Ceresna welcome ECRI co-founder Lakshman Achuthan to the show to discuss the technical definition of recession, why we’re already in one, and why Lak says there more risk to the downside than to the upside for equities. https://bit.ly/3AzFbTe
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9/1/2022 • 55 minutes, 9 seconds
MacroVoices #338 Brent Johnson: Why You Can’t Ignore The US Dollar
MacroVoices Erik Townsend and Patrick Ceresna welcome Santiago Capital founder Brent Johnson to the show to take a deep dive on the U.S. Dollar: Why it didn’t crash the way so many people predicted, why it’s been so strong, and why Brent says that strength is set to continue.https://bit.ly/3KAyBAR
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8/25/2022 • 1 hour, 4 minutes, 6 seconds
MacroVoices #337 Leigh Goehring: The Global Food & Fertilizer Crisis Is Much Bigger Than Russia/Ukraine
MacroVoices Erik Townsend and Patrick Ceresna welcome agricultural commodities expert, Leigh Goehring to the show. Leigh says emerging markets have discovered meat, and that creates exponential demand for grains. They discuss long-term trends in grain demand, the present fertilizer shortage, and much more. https://bit.ly/3AaPGMV
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Goehring & Rozencwajg Market Commentary Q4 2020: https://bit.ly/3AavESm
Goehring & Rozencwajg Market Commentary Q4 2021: https://bit.ly/3pw52X6
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8/18/2022 • 1 hour, 11 minutes, 25 seconds
MacroVoices #336 Charlie McElligott: Is There Another Shoe To Drop For Equities?
MacroVoices Erik Townsend and Patrick Ceresna welcome Nomura quant, Charlie McElligott to the show. Charlie shares whether there’s another shoe to drop for this equity market, and if so, when it’s coming. They also discuss rates and the gamma effects playing out this week. https://bit.ly/3Afi9C9
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8/11/2022 • 1 hour, 25 minutes, 33 seconds
MacroVoices #335 David Hay: Why US Energy Prices Can Rise Even In Recession
MacroVoices Erik Townsend and Patrick Ceresna welcome Evergreen Gavekal's David Hay to the show to give us an update on the Greenflation trend, talk in detail about the formative global energy crisis and where it’s headed, and also discuss equities and precious metals. https://bit.ly/3d0T6tv
Download David's charts: https://bit.ly/3OYUhqS
Check out David's newsletter Haymaker
David's audio book - Bubble 3.0 (get 33% off with code MacroV33)
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8/4/2022 • 1 hour, 20 minutes, 38 seconds
MacroVoices #334 Adam Rozencwajg: Understanding the Global Energy Crisis
MacroVoices Erik Townsend and Patrick Ceresna welcome Adam Rozencwajg to the show to discuss how the world has entered the early stages of a global energy crisis that will take many years to resolve, and he brings some absolutely fascinating insights about U.S. natural gas prices and much more. https://bit.ly/3S8nClc
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7/28/2022 • 1 hour, 43 minutes, 12 seconds
MacroVoices #333 Harley Bassman: Inflation, Bond Yields, VIX vs. MOVE, Demographics & More
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman (Convexity Maven) to the show to discuss the relationship between inflation and bond yields, why the stock market has been so resilient in the face of worsening macro data, and much more. https://bit.ly/3zkH2Mp
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7/21/2022 • 1 hour, 40 minutes, 22 seconds
MacroVoices #332 Lyn Alden: Energy, Inflation, The Dollar & More
MacroVoices Erik Townsend and Patrick Ceresna welcome Lyn Alden to the show. They take a deep dive on energy markets and the tug-of-war between recession fears pulling oil prices lower and tight physical markets implying they’re already too low. They also look at inflation, the U.S. dollar, treasury yields and what Lyn expects them to do if inflation worsens, and much more. https://bit.ly/3Od3VFM
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7/14/2022 • 1 hour, 25 minutes, 57 seconds
MacroVoices #331 Jeff Snider: The Eurodollar Curve Says Deflation Not Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show. Jeff says that monetary inflation is NOT the cause of out-of-control consumer prices, and he doesn’t see stagflation as a big risk. They discuss all of that and much more in this week’s feature interview. https://bit.ly/3uvwbMI
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7/7/2022 • 1 hour, 29 minutes, 58 seconds
MacroVoices #330 Julian Brigden: Hyper-Financialization Is The New Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome MI2 Partners founder Julian Brigden to the show. Julian was one of the first MacroVoices guests to sound the warning bell on Inflation, and now he says there’s plenty of room for both markets and the economy to get worse before they get better. https://bit.ly/3OBv9qy
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6/30/2022 • 1 hour, 30 minutes, 48 seconds
MacroVoices #329 Darius Dale: A Recession Is The Bull Case
MacroVoices Erik Townsend and Patrick Ceresna welcome 42 Macro founder Darius Dale to the show. Darius says a U.S. recession is the “bull case”, and that the worst is yet to come for markets. They also discuss what’s ahead for inflation, commodities, stocks, and much more. https://bit.ly/3boYiqc
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6/23/2022 • 1 hour, 31 minutes, 18 seconds
MacroVoices #328 Dr. Anas Alhajji: There Is No Escaping The Coming Energy Crisis
MacroVoices Erik Townsend and Patrick Ceresna welcome energy markets guru Dr. Anas Alhajji to the show to take a deep dive on energy markets – particularly oil and gas. They discuss Russia’s war campaign, OPEC+ spare capacity, Europe’s dependency on Russian natural gas and how much U.S. exports can ease that dependency, and much more. https://bit.ly/3OeUKFc
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6/16/2022 • 1 hour, 32 minutes, 57 seconds
MacroVoices #327 Luke Gromen: Recession with Rising Yields is Entirely Possible
MacroVoices Erik Townsend and Patrick Ceresna welcome Luke Gromen to the show to discuss foreign divestiture of U.S. assets, inflation, precious metals, Luke’s outlook for the USD, and much more. https://bit.ly/39l40sH
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6/9/2022 • 1 hour, 27 minutes, 46 seconds
MacroVoices #326 Ronnie Stoeferle: In Gold We Trust 2022
MacroVoices Erik Townsend and Patrick Ceresna welcome Incrementum fund manager, Ronnie Stoeferle to the show. In Gold We Trust 2022 is out, and the theme is Stagflation. They take a dive into that subject on this week’s gold-focused show. https://bit.ly/3tc23FN
Ronnie's slide deck 📄
In Gold We Trust Report 2022
In Gold We Trust Report 2022 - Compact Version
IGWT 2022 Summary Video
IGWT 2022 Press Conference
Big Picture Trading Chart Book June 2 2022
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6/2/2022 • 1 hour, 14 minutes, 25 seconds
MacroVoices #325 Tian Yang: Is it over yet? What do the data say?
MacroVoices Erik Townsend and Patrick Ceresna welcome Variant Perception CEO and head of market research Tian Yang to the show. They go through VP’s latest leading economic indicator research, and discuss whether the current equity rout signals an oncoming recession, or if it’s just a mid-cycle pullback. https://bit.ly/3aexnwM
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5/26/2022 • 1 hour, 18 minutes, 21 seconds
MacroVoices #324 Louis-Vincent Gave: A Major Geopolitical Transformation Is Underway
MacroVoices Erik Townsend and Patrick Ceresna welcome Gavekal co-founder Louis-Vincent Gave to the show. Louis has a different take on the impact of U.S. seizure of foreign-owned assets, and he also shares his outlook for bonds, the dollar, stocks, and precious metals. https://bit.ly/3G5dOmI
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5/19/2022 • 1 hour, 29 minutes, 52 seconds
MacroVoices #323 David Rosenberg: The Fed Put Has Expired
MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show. In his previous appearance, David expressed serious concerns about the stock market, and was being ridiculed at the time by his perma-bull peers. Seems he was onto something, and he joins us again to give us an update. https://bit.ly/3svCtLo
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5/12/2022 • 1 hour, 26 minutes, 37 seconds
MacroVoices #322 Josh Crumb: The Future of Decentralized Finance
MacroVoices Erik Townsend and this week's guest host Kevin Muir welcome Abaxx Technologies CEO Josh Crumb to the show to take a deep dive on the future of decentralized finance. https://bit.ly/3Firk5K
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5/5/2022 • 1 hour, 48 minutes, 48 seconds
MacroVoices #321 Ole Hansen: The Commodity Supercycle Has Begun
MacroVoices Erik Townsend and Patrick Ceresna welcome Saxo Bank's commodities desk chief, Ole Hansen to the show to discuss what both inflation and the escalating war situation mean for commodities. https://bit.ly/3rYhYXF
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4/28/2022 • 1 hour, 26 minutes, 1 second
MacroVoices #320 Mike Green: Investment Strategies for World War III
MacroVoices Erik Townsend and Patrick Ceresna welcome Simplify Asset Management’s Mike Green to the show to discuss why he thinks World War III had begun long before this year, what he see on the horizon and what it means for investors and markets. https://bit.ly/3K27MU3
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4/21/2022 • 1 hour, 11 minutes, 43 seconds
MacroVoices #319 Jim Bianco: The Future of Decentralized Finance
MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show for an interview entirely about Decentralized Finance and where it’s headed in the long run.
Link: https://bit.ly/3vhQU6o
4/14/2022 • 1 hour, 29 minutes, 45 seconds
MacroVoices #318 Bill Blain: Inflation, Bond Yields & ESG
MacroVoices Erik Townsend and Patrick Ceresna welcome Bill Blain to the show to discuss inflation, what it means for the bond market, the impact of ESG on the energy market & much more. https://bit.ly/3KnPQnJ
Blain's Morning Porridge 📄: https://morningporridge.com/
Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3ujHZlN
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
4/7/2022 • 1 hour, 16 minutes, 1 second
MacroVoices #317 Philip Verleger: Central Bank Policy Trumps Energy In Economics
MacroVoices Erik Townsend and Patrick Ceresna welcome energy economist Philip Verleger to the show to discuss what the transition to zero carbon will mean for the economy and financial markets. Then in postgame, Dakota Gold CEO Jonathan Awde joins to discuss the performance of precious metals markets, private placement logistics, and much more.
Download a sample issue of Note at the Margin https://bit.ly/3IYA3KJ
Visit Dakota Gold: https://dakotagoldcorp.com/
Follow on Dakota Gold on Twitter: https://bit.ly/3Nw2kvA
And on LinkedIn: https://bit.ly/3NFakdZ
Link: https://bit.ly/3DH9Gbn
3/31/2022 • 1 hour, 18 minutes, 29 seconds
MacroVoices #316 Daniel Lacalle: Energy in the New War Economy
MacroVoices Erik Townsend and Patrick Ceresna welcome Tressis Chief Economist Daniel Lacalle to the show to discuss everything from inflation to bond yields to the dollar’s role as reserve currency. https://bit.ly/3iB4fRg
Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3iBeepY
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
3/24/2022 • 1 hour, 8 minutes, 48 seconds
MacroVoices #315 Joseph Wang: Post-FOMC Rundown
MacroVoices Erik Townsend and Patrick Ceresna welcome former Federal Reserve Open Market Operations trader Joseph Wang to the show. Erik and Joseph discuss all things federal reserve, from this week’s rate hike to the question of whether confiscation of Russia’s FX reserves will lead other central banks to cast doubt on the USD as global reserve currency.
Link: https://bit.ly/3wiuUdM
Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3MVD3uJ
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
3/17/2022 • 1 hour, 5 minutes, 2 seconds
MacroVoices #314 Lakshman Achuthan: Inflation is Neither Transitory or Secular, it’s Cyclical
MacroVoices Erik Townsend and Patrick Ceresna welcome Economic Cycles guru, Lakshman Achuthan to the show to explain why a Fed policy error is now almost a certainty, and what ECRI’s indicators portend for economic cycles in the year ahead.
Download ECRI charts: https://bit.ly/3J6fcGm
Download Postgame charts: https://bit.ly/3tGbdJO
Link: https://bit.ly/3I06msk
3/10/2022 • 1 hour, 16 minutes, 11 seconds
MacroVoices #313 Dr. Pippa Malmgren: WWIII Has Already Started
MacroVoices Erik Townsend and Patrick Ceresna welcome former U.S. Presidential advisor, Dr. Pippa Malmgren to the show. They discuss the situation in Ukraine - but looking at it in the context of a bigger picture that led Pippa and other prominent thought leaders to predict a major escalation of war tensions long before this particular crisis erupted.
WWIII Has Already Started - By Dr. Pippa Malmgren: https://bit.ly/3pCtJSa
Link: https://bit.ly/3sEO1MZ
3/3/2022 • 1 hour, 19 minutes, 29 seconds
MacroVoices #312 Charlie McElligott: Tightening Cycle Is A Headwind Until It Becomes A Tailwind
MacroVoices Erik Townsend and Patrick Ceresna welcome Nomura’s head of cross-asset Macro Strategy, Charlie McElligott to the show to discuss how prior tightening cycles have played out in markets and his prognostications for what present Federal Reserve policy will mean for the markets.
Link: https://bit.ly/3LZ2TgU
2/25/2022 • 1 hour, 18 minutes, 8 seconds
MacroVoices #311 Jim Bianco: Has the Fed Signaled a Policy Error?
MacroVoices Erik Townsend and Patrick Ceresna welcome Bianco Research founder Jim Bianco to the show. Their discussion includes everything from inflation to bond yields to the equity market outlook, and even touches on what the decentralized finance revolution might mean to fixed income markets in years to come.
Link: https://bit.ly/3rXnzxL
2/17/2022 • 1 hour, 25 minutes, 47 seconds
MacroVoices #310 Alex Gurevich: The Trades of March 2020
MacroVoices Erik Townsend and Patrick Ceresna welcome Alex Gurevich to the show to discuss inflation, the U.S. Dollar, bond yields and stock prices in the face of central bank tightening, before discussing his new book -The Trades of March 2020: A Shield Against Uncertainty.
Link: https://bit.ly/3gF6Qc4
2/10/2022 • 1 hour, 15 minutes, 34 seconds
MacroVoices #309 Izabella Kaminska: What Shape Will the COVID Recovery Take?
MacroVoices Erik Townsend and Patrick Ceresna welcome Izabella Kaminska to the show. They discuss everything from inflation to sustainability of Uber and Airbnb’s business model. Then be sure to stay for the postgame segment to get an update on bond markets from Patrick.
Link: https://bit.ly/3GrVW3U
2/3/2022 • 1 hour, 13 minutes, 31 seconds
MacroVoices#308 Ronald Stoeferle: Precious Metals Update
MacroVoices Erik Townsend and Patrick Ceresna welcome precious metals guru Ronald Stoeferle to the show to discuss the big picture of what's going on with the Fed and this past week's equity market volatility, before moving on to precious metals update.
Link: https://bit.ly/3II4Lbo
1/27/2022 • 1 hour, 19 minutes, 30 seconds
MacroVoices #307 Viktor Shvets: Inflation is still a pendulum but will eventually yield to disinflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Macquarie Chief Macro and Asia-Pacific strategist Viktor Shvets to the show. They touch on inflation and then move on to what’s driving various macro asset classes around the globe.
*Please note that the market wrap commentary was recorded mid-session with the S&P still up on the day, before the late-day crash to new lows*
Link: https://bit.ly/3KsAZZQ
1/20/2022 • 1 hour, 21 minutes, 23 seconds
MacroVoices #306 Darius Dale: Reflation Will Give Way To Deflation
MacroVoices Erik Townsend and guest host Kevin Muir welcome 42 Macro founder Darius Dale to the show where he says the reflation trade is making a come-back, but that it will eventually yield to deflation. Then Erik and Kevin discuss Kevin’s article published by Bloomberg, titled The Bond Market Refuses to Accept Economic Reality.
Link: https://bit.ly/3I3UmX3
1/13/2022 • 1 hour, 33 minutes, 19 seconds
MacroVoices #305 Grant Williams: Inflation, Putin, Tesla & More
MacroVoices Erik Townsend and Patrick Ceresna welcome "Things That Make You Go Hmm..." author Grant Williams as the first feature interview guest of the new year. They discuss what lays ahead as we discover whether inflation is set to be secular or transitory & much more.
Link: https://bit.ly/3zzzLGU
1/6/2022 • 1 hour, 20 minutes, 40 seconds
MacroVoices #304 Louis-Vincent Gave: China, Russia, US Dollar & more
MacroVoices Erik Townsend and Patrick Ceresna welcome Gavekal Research co-founder Louis Vincent Gave as 2021’s final feature interview guest. They discuss the big picture of where the world of macro stands and what lays ahead in 2022.
Link: https://bit.ly/3HiOB7m
MacroVoices Erik Townsend and Patrick Ceresna welcome The Felder Report founder Jesse Felder to the show. Jesse disagrees with the disinflationary views David Rosenberg and others have expressed on MacroVoices, and will lay out his side of the story and also discuss precious metals and much more.
Link: https://bit.ly/3mqvHna
12/23/2021 • 1 hour, 5 minutes, 3 seconds
MacroVoices #302 Francesco Filia: Plotting a Course for Digitization of Financial Markets
MacroVoices Erik Townsend and Patrick Ceresna welcome Fasanara Capital founder Francesco Filia to the show. Fracesco has prepared a chart deck quite different than those he’s shared with us in the past and he’ll share a vision for the coming digitization of financial assets and more.
Link: https://bit.ly/3DWVGbX
12/16/2021 • 58 minutes, 26 seconds
MacroVoices #301 Julian Brigden: There‘s Behind the Curve and There‘s This
MacroVoices Erik Townsend and Patrick Ceresna welcome MI2 Partners founder Julian Brigden to the show. Julian explains in great detail why he disagrees with the transitory inflation argument posed by David Rosenberg last week.
Link: https://bit.ly/3rSuKYb
12/9/2021 • 1 hour, 21 minutes, 26 seconds
MacroVoices #300 David Rosenberg: Last Disinflationist Standing
MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show. David describes the reasons the inflation we’ve already seen has occurred, and why he doesn’t think it will last. They also discuss stock prices, bond yields, precious metals, and much more.
Breakfast with Dave: https://bit.ly/3ElgkTU
Link: https://bit.ly/3ElHOZx
MacroVoices Erik Townsend and Patrick Ceresna welcome Lyn Alden to the show where she weighs in on where she agrees and where she disagrees with the views Jeff Snider shared with us on last week’s podcast.
Link: https://bit.ly/3nN7rfZ
11/24/2021 • 1 hour, 12 minutes, 35 seconds
MacroVoices #298 Jeff Snider: I agree with Janet Yellen and Jay Powell
MacroVoices Erik Townsend and Patrick Ceresna welcome Alhambra Investments' CIO Jeffrey Snider to the show. Jeff gives the first truly credible counter-argument to date for the secular inflation thesis that so many of our previous expert guests have come around to in the last couple of years.
Link: https://bit.ly/30JPTZF
11/18/2021 • 1 hour, 23 minutes, 48 seconds
MacroVoices #297 Ole Hansen: Commodity Sector Outlook
MacroVoices Erik Townsend and Patrick Ceresna welcome Saxo Bank Commodity Strategy chief Ole Hansen to the show to discuss the outlook for commodities with the macro backdrop of secular inflation, which Ole sees on the near horizon, and whether gold, copper, or other commodities will be the best inflation hedge for what lies ahead.
Link: https://bit.ly/3H8BcQh
11/11/2021 • 1 hour, 16 minutes, 8 seconds
MacroVoices #296 Mike Green: FOMC + The Future of Digital Currency
MacroVoices Erik Townsend and Patrick Ceresna welcome to the show, Simplify Asset Management Chief Strategist and portfolio manager Mike Green. They start the discussion with a review of this week’s Federal Reserve announcements regarding inflation and asset purchase tapering, then move on to the question of where digital currency is headed, and who will be in control.
Link: https://bit.ly/2ZQuCww
11/4/2021 • 1 hour, 16 minutes, 25 seconds
MacroVoices #295 David Hay: The Case for Greenflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Evergreen Gavekal CIO David Hay to the show to discuss what David calls Greenflation, along with the usual macro suspects such as stocks, precious metals, and bond yields.
Link: https://bit.ly/3CryxOG
10/28/2021 • 1 hour, 4 minutes, 12 seconds
MacroVoices #294 Luke Gromen: The U.S. Government Cannot Afford Secular Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Forest For The Trees (FFTT) founder Luke Gromen to the show. They discuss the U.S. Dollar, inflation, what the consequences of inflation will be, and much more.
Link: https://bit.ly/3AYPIWh
MacroVoices Erik Townsend and Patrick Ceresna welcome Cullen Roche to the show to discuss the debt ceiling debate, why a platinum coin supposedly solves perpetual motion and buys a free lunch for deficit spending, where inflation is headed, and much more.
Link: https://bit.ly/3p50wjA
10/14/2021 • 1 hour, 14 minutes, 49 seconds
MacroVoices #292 Russell Napier: Knock-on Effects of Secular Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Russell Napier to the show. They explore whether the developing situation in China changes the inflation calculus, then go on to talk about rates, inflation, and where this whole macro picture is headed.
Link: https://bit.ly/3DlRqTn
MacroVoices Erik Townsend and Patrick Ceresna welcome True Insights founder Jeroen Blokland to the show to discuss inflation, the FED’s dot plot and where interest rates are headed, portfolio allocations, and much more.
Link: https://bit.ly/3onjHEU
9/30/2021 • 1 hour, 9 minutes, 30 seconds
MacroVoices #290 Juliette Declercq: Are Cyclical Indices Positioned To Outperform?
MacroVoices Erik Townsend and Patrick Ceresna welcome JDI Research founder Juliette Declercq to the show. They discuss the whole macro picture and then translate those ideas to actionable market strategies.
Link: https://bit.ly/3kDuN6t
9/23/2021 • 55 minutes, 44 seconds
MacroVoices #289 Jim Bianco: Persistent Inflation/ Bond Yields/ DeFi
MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco from Bianco Research to the show to discuss secular inflation, demographics, decentralized finance, and much more.
Link: https://bit.ly/3AjypQq
9/16/2021 • 1 hour, 16 minutes, 35 seconds
MacroVoices #288 Paul Krake: Mega themes for 2020s
MacroVoices Erik Townsend and this week's guest host Kevin Muir welcome View from the Peak founder Paul Krake to the show to discuss what Paul calls megathematics, the important trends to watch in the current macro environment.
Link: https://bit.ly/3yZmuWz
9/9/2021 • 1 hour, 7 minutes, 51 seconds
MacroVoices #287 Wayne Himelsein: Under the covers of Long Vol
MacroVoices Erik Townsend and Patrick Ceresna welcome Logica Funds founder Wayne Himelsein to the show to discuss trading the long volatility strategy.
Link: https://bit.ly/3yJd8hg
9/2/2021 • 1 hour, 17 minutes, 45 seconds
MacroVoices #286 Summer Special: Digital Currencies & Decentralized Finance Revolution Part 2
MacroVoices Erik Townsend welcome Dr. Pippa Malmgren and Clint Cox in this second installment of two-part summer special to discuss digital currency and decentralized finance revolution.
Link: https://bit.ly/2UpC53g
8/26/2021 • 1 hour, 12 minutes, 18 seconds
MacroVoices #285 Summer Special: Digital Currencies & Decentralized Finance Revolution Part 1
MacroVoices Erik Townsend welcome Dr. Pippa Malmgren and Clint Cox in this first installment of two-part summer special to discuss digital currency and decentralized finance revolution.
Link: https://bit.ly/3gd5yoN
8/19/2021 • 1 hour, 24 minutes, 2 seconds
MacroVoices #284 Lakshman Achuthan: Economic cycle is turning...but what about assets?
MacroVoices Erik Townsend and Patrick Ceresna welcome ECRI co-founder Lakshman Achuthan to the show to discuss how all those economic cycle indicators that were turning up last we spoke with him are starting to turn down now, meaning the risk of an economic cycle downturn is heightened now. Then Grant Williams joins the postgame discussion.
Link: https://bit.ly/37DMICM
8/12/2021 • 1 hour, 29 minutes, 33 seconds
MacroVoices #283 Brent Johnson: US Dollar Still Not Crashing
MacroVoices Erik Townsend and Patrick Ceresna welcome Santiago Capital's Brent Johnson to the show. Brent says the US dollar isn't really crashing to zero as some have suggested, then goes on to articulate a balanced view on the inflation/deflation debate. They also discuss commodities including precious metals, and why Brent thinks the soft commodities may be a good play if prices pull back.
Link: https://bit.ly/37kB4fL
8/4/2021 • 1 hour, 21 minutes, 29 seconds
MacroVoices #282 Bill Blain: Consequences of Secular Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Shard Capital Strategist and Alternative Investments chief Bill Blain to the show. Bill says secular inflation is here to stay, then goes on to explain several less obvious nuances of the finance industry's readiness for the coming change and much more.
Link: https://bit.ly/3fax7hW
7/29/2021 • 1 hour, 9 minutes, 40 seconds
MacroVoices #281 Darius Dale: Inflation is officially on hold but just for now
MacroVoices Erik Townsend and Patrick Ceresna welcome 42 Macro founder Darius Dale to the show to discuss why he is a secular inflationist long-term even though his models predict disinflation in coming months.
Link: https://bit.ly/3eI2nok
MacroVoices Erik Townsend and Patrick Ceresna welcome Aaran Param from Variant Perception to the show to discuss whether inflation is secular or transitory, Stocks, Bond Yields, Commodities, and much more.
Link: https://bit.ly/3xKio4I
7/15/2021 • 1 hour, 14 minutes, 13 seconds
MacroVoices #279 Viktor Shvets: The Inflation-Deflation Pendulum
MacroVoices Erik Townsend and Patrick Ceresna welcome Viktor Shvets to the show to discuss in detail why he disagrees with the view that we're beginning a 1970's scale secular inflation event.
Link: https://bit.ly/3wrQOYo
7/8/2021 • 1 hour, 14 minutes, 18 seconds
MacroVoices #278 Eric Peters: Secular Inflation and Digital Currency
MacroVoices Erik Townsend and Patrick Ceresna welcome back One River Asset Management CIO Eric Peters to the show. Eric has been in the news quite a bit lately, as his new venture One River Digital has become one of the most voracious buyers of Bitcoin. Eric returns as this week’s feature interview guest to discuss secular inflation and the digital currency revolution in detail.
Link: https://bit.ly/3AmXGJJ
7/1/2021 • 1 hour, 11 minutes, 11 seconds
MacroVoices #277 Daniel Lacalle: Inflation, Recovery Outlook, Energy, Digital Currency & More
MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show. Daniel says inflation is coming, but he doesn’t worry about it running away or becoming a major economic challenge. They also explore Daniel’s thoughts on both cryptocurrency and sovereign digital currency, and much more.
Link: https://bit.ly/3vUHrAr
6/24/2021 • 1 hour, 13 minutes, 4 seconds
MacroVoices #276 Philip Verleger: Energy Economics and Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Philip Verleger to the show to give us a different perspective on the economics of the energy industry, including his views on the coming secular inflation.
Link: https://bit.ly/3vApK91
6/17/2021 • 1 hour, 15 minutes, 59 seconds
MacroVoices #275 Steve Keen: Inflation Will Not Run Away
MacroVoices Erik Townsend and Patrick Ceresna welcome Steve Keen to the show. Steve says inflation is definitely coming, but it won’t be the runaway inflation feared by many people, nor will it be the hyperinflation some folks fear.
Link: https://bit.ly/2Tkfrby
6/10/2021 • 58 minutes, 57 seconds
MacroVoices #274 Marin Katusa: PM Investing for Accredited Investors
MacroVoices Erik Townsend and Patrick Ceresna welcome back Marin Katusa to the show. This week’s interview focuses specifically on the private equity deals that are only offered to accredited investors, allowing them to buy precious metals mining stocks directly from the issuing company, off the listed exchange, and at a discount to the price everyone else is paying for the same shares on the open market. They also discuss private placements and financings in gold mining stocks as well as other speculative natural resource investments such as uranium and even carbon credits.
Link: https://bit.ly/3cfJUyh
6/3/2021 • 1 hour, 22 minutes, 33 seconds
MacroVoices #273 Larry McDonald: Dollar Down & Gold, Oil, Uranium Up
MacroVoices Erik Townsend and Patrick Ceresna welcome Larry McDonald from The Bear Traps Report to the show to discuss inflation, bond yields, market outlooks, and much more.
Link: https://bit.ly/3hZZMbY
5/27/2021 • 1 hour, 15 minutes, 39 seconds
MacroVoices #272 David Rosenberg: Inflation Will Be Transitory
MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show where he explains why he still sees deflation as the governing force, and why he disagrees with the suddenly all-popular inflation narrative.
Free 30-Day Trial to Rosenberg Research: https://bit.ly/3f2n9zI
Link: https://bit.ly/3wmukbQ
5/20/2021 • 1 hour, 20 minutes, 6 seconds
MacroVoices #271 Harley Bassman: Hedging a High Interest Future
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman to the show. For years Harley has been on a personal mission to figure out how to make institutional hedging tools available to retail investors, because Harley sees a risk of long-term interest rates backing up in coming years that could create a much worse threat than the 2008 financial crisis. They talk about the risk he sees, why he thinks it's so important to hedge against it, and discuss the ETF he just launched to make runaway interest rate insurance available to anyone who wants it.
Then be sure to stay tuned for our postgame segment after the feature interview, when Patrick and Erik discuss Tesla, cryptocurrencies, and much more.
Link: https://bit.ly/3eK4dp0
5/13/2021 • 1 hour, 5 minutes, 1 second
MacroVoices #270 Dylan Grice: Are Central Bankers Politicians or Economists?
MacroVoices Erik Townsend and Patrick Ceresna welcome Dylan Grice to the show to discuss everything from inflation vs. deflation to how far bond yields can go to the outlook for asset markets.
Link: https://bit.ly/3xUCNEq
5/6/2021 • 1 hour, 5 minutes, 17 seconds
MacroVoices #269 Charlie McElligott: The reflation that reversed course in April will reverse course again
MacroVoices Erik Townsend and Patrick Ceresna welcome Charlie McElligott from Nomura to the show. Charlie says the reflation trade that reversed in April is likely to reverse again, with more reflation still to come. They talk about everything from inflation to bond yields to the market outlook for stocks and other asset classes.
Link: https://bit.ly/3gMRIuj
4/29/2021 • 1 hour, 28 minutes, 49 seconds
MacroVoices #268 Art Berman: Crude Oil Update
MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show. Art nailed the call for $65 crude oil when we had him on in early January, but now he says the big move higher in price is probably mostly over, and he doesn’t see any reason to expect crude oil prices to rally much higher than $70. And that’s despite the fact that Art still predicts a significant decline in U.S. production later this year. They discuss this and so much more.
Link: https://bit.ly/3vfRvUm
4/22/2021 • 1 hour, 13 minutes, 57 seconds
MacroVoices #267 Jeff Snider: Why Deflation Is The Story, Not Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider back to the show where Jeff makes the case for deflation rather than inflation, against consensus. Then be sure to stay tuned for the postgame segment where Patrick will give an update on the 50dma charts.
Link: https://bit.ly/3mPOTtz
4/15/2021 • 1 hour, 17 minutes, 35 seconds
MacroVoices #266 Jesse Felder: Macro Roadmap for the S&P500
MacroVoices Erik Townsend and Patrick Ceresna welcome Jesse Felder to the show. Jesse sees inflation on the horizon and has quite a bit to say about macro risk factors and where the S&P500 may be headed next.
Link: https://bit.ly/3t26fpv
4/8/2021 • 1 hour, 8 minutes, 8 seconds
MacroVoices #265 Steven Van Metre: The Last Deflationist Standing
MacroVoices Erik Townsend and Patrick Ceresna welcome Steven Van Metre to the show to talk about why the outlook really is still deflationary unless and until private credit expansion returns with a vengeance.
Link: https://bit.ly/39y2KPI
4/1/2021 • 1 hour, 14 minutes, 4 seconds
MacroVoices #264 Robert Friedland: Investing in the Green Revolution
MacroVoices Erik Townsend and Patrick Ceresna welcome billionaire Canadian financier Robert Friedland to the show. Robert already gave a terrific two-part interview on the Smarter Markets podcast, on the subject of what it’s really going to take to Green the Global economy. In this MacroVoices episode, they discuss how to invest in the formative green revolution, and where the best opportunities can be found for investors. So if you missed the 2-part interview on Smarter Markets, we suggest you listen to that first.
Link: https://bit.ly/3clF9U5
3/25/2021 • 1 hour, 25 minutes, 39 seconds
Spotlight #6 Josh Crumb & Joe Raia: Dimensions of Abaxx Technologies
Remember when Kyle Bass appeared on MacroVoices and suggested that Erik should get Josh Crumb on the show to explain all the various dimensions of Abaxx Technologies and how the company plans to disrupt commodity trading by bringing the latest technologies to bear to create smarter commodity markets? The long-awaited interview is finally here. Abaxx founders Josh Crumb and Joe Raia lay out the whole story of what Abaxx intends to do, from a new commodity exchange in Singapore to embracing blockchain technology to redesign how futures markets work, to a new suite of self-sovereign identity tools for finance that could revolutionize the way the industry does business.
Link:https://bit.ly/3r17uDB
3/19/2021 • 1 hour, 5 minutes, 43 seconds
MacroVoices #263 Juliette Declercq: Why Equities Stand On Much Stronger Ground Than Consensus Seem To Believe
MacroVoices Erik Townsend and Patrick Ceresna welcome JDI Research founder Juliette Declercq to the show to discuss everything from secular inflation to how far the long end of the treasury curve can go to why Juliette thinks the stock market stands on firmer ground than some skeptics are suggesting.
Link: https://bit.ly/3tw53uj
3/18/2021 • 1 hour, 9 minutes, 24 seconds
MacroVoices #262 Diego Parrilla: The End Game Is Inflation But The Path Is Unclear
MacroVoices Erik Townsend and Patrick Ceresna welcome Diego Parrilla to the show to talk about what the inflation trend means for bond yields, equity markets and commodities, as well as gold, the VIX, and much more. Then Gold Royalty Corp. CEO Amir Adnani joins in the postgame to discuss the royalty and streaming business model for precious metals, and where PM streaming shares fit into a portfolio allocation strategy.
3/11/2021 • 1 hour, 21 minutes, 2 seconds
MacroVoices #261 Ole Hansen: Commodities Are Back!
MacroVoices Erik Townsend and Patrick Ceresna welcome Ole Hansen to the show to discuss the return of a commodity bull market, which commodity will benefit from the Green Revolution and outlook on agriculture, uranium and more.
Link: https://bit.ly/38a84bx
3/5/2021 • 1 hour, 20 minutes, 27 seconds
MacroVoices #260 Lyn Alden: Shifting from Monetary to Fiscal Dominance
MacroVoices Erik Townsend and Patrick Ceresna welcome Lyn Alden to the show to discuss everything from inflation to the long term debt cycle to broad money supply growth to gold & even Bitcoin.
Link: https://bit.ly/3uGHujZ
2/25/2021 • 1 hour, 28 minutes, 25 seconds
MacroVoices #259 Louis-Vincent Gave: As Inflationista As They Come
MacroVoices Erik Townsend and Patrick Ceresna welcome Louis-Vincent Gave to the show to talk about why Louis is as inflationista as they come and how to trade the coming inflation. Then Kevin Muir joins in postgame segment to discuss why he thinks investors need to understand the Treasury General Account.
Link: https://bit.ly/3quIOUm
2/18/2021 • 1 hour, 19 minutes
MacroVoices #258 Julian Brigden: As Good As It Gets?
MacroVoices Erik Townsend and Patrick Ceresna welcome Julian Brigden to the show to discuss why Julian thinks equity valuations are already stretched and why he shares the inflationary view expressed by Russell Napier and Jim Bianco in recent episodes.
Link: https://bit.ly/3rHZfgk
2/11/2021 • 1 hour, 29 minutes, 36 seconds
MacroVoices #257 Jim Bianco: Wall Street Bets - Who's Playing Who?
MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show to discuss the coming inflation and how to trade it, update on the COVID pandemic, and the lunacy that is Wall Street Bets.
Link: https://bit.ly/3rhbSP8
2/4/2021 • 1 hour, 29 minutes, 38 seconds
MacroVoices #256 Russell Napier: Prepare for Secular Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Russell Napier to the show to discuss how stocks are rallying to new all-time highs amidst the ongoing pandemic and where we stand with regard to the economic outlook generally & much more.
Link: https://bit.ly/36ohb7p
1/28/2021 • 1 hour, 16 minutes, 28 seconds
MacroVoices #255 Mike Green: Bitcoin’s Role in the Future of Digital Currency
MacroVoices Erik Townsend and Patrick Ceresna welcome Logica Funds chief strategist Mike Green to the show to discuss the digital currency revolution generally, Bitcoin and where it’s headed.
Link: https://bit.ly/39Rrv94
1/21/2021 • 1 hour, 29 minutes, 6 seconds
MacroVoices #254 Luke Gromen: The FED Faces No Easy Choices
MacroVoices Erik Townsend and Patrick Ceresna welcome Luke Gromen to the show to discuss whether if this is the beginning of a trend reversal to the upside or just a dead cat bounce, where the dollar is headed and what that will mean for the markets & more.
Link: https://bit.ly/38Jw2Li
1/14/2021 • 1 hour, 29 minutes, 29 seconds
MacroVoices #253 Art Berman: U.S. Oil Production Still Set for Steep Decline in 2021
MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show to discuss the coming domestic production decline which Art still predicts, when it will happen, as well as this week’s OPEC+ meeting, and much more.
Link: https://bit.ly/3ooBVDb
1/7/2021 • 1 hour, 32 minutes, 29 seconds
MacroVoices #252 Holiday Special Part 2
MacroVoices Erik Townsend and Patrick Ceresna welcome back Ronald Stoeferle and Grant Williams in this second half of two-part Holiday Special series to discuss the distinction between inflation and fiat debasement, and then talk through a long list of hedging trades against each of those risks, ranging from precious metals to bitcoin to farmland to base metals and crude oil.
Link: https://bit.ly/3rAWVZf
12/31/2020 • 1 hour, 12 minutes, 32 seconds
MacroVoices #251 Holiday Special Part 1
MacroVoices Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle and Grant Williams in this first half of Holiday Special series to talk about fiat currency debasement and inflation, commodities and different ways to hedge, crypto currencies and more.
Link: https://bit.ly/3pnrakj
MacroVoices Erik Townsend and Patrick Ceresna welcome Kyle Bass to the show to discuss equity markets, how Joe Biden’s presidency will affect oil prices, and why Singapore will be the big winner as Hong Kong loses its independence from China and more.
Link: https://bit.ly/38cpoM1
12/18/2020 • 1 hour, 31 minutes, 42 seconds
MacroVoices #249 Dr. Pippa Malmgren: Get Ready for Trump News Network
MacroVoices Erik Townsend and Patrick Ceresna welcome back Dr. Pippa Malmgren to the show for an update on what she sees next for Donald Trump assuming his attempts to overturn the election results are unsuccessful.
Link: https://bit.ly/2Lmh6cJ
12/10/2020 • 1 hour, 25 minutes, 56 seconds
MacroVoices #248 Jeff Snider: QE Still Isn’t Money Printing, and USD Still Isn’t Crashing
MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show to revisit his dollar-bullish Eurodollar thesis, and consider where the market could be headed from here, and whether or not this week’s move invalidates his prior views.
Link: https://bit.ly/2VwzilU
12/3/2020 • 1 hour, 37 minutes, 17 seconds
Smarter Markets - Robert Friedland: Envisioning commodities graded & traded on how responsibly they're produced
Billionaire Canadian financier Robert Friedland headlines the inaugural episode of Smarter Markets, and shares a vision of commodities being graded based on how responsibly they were produced with regard to ESG priorities, thus allowing free market price discovery to determine a market premium to reward responsible producers of metals and other commodities which have historically had an adverse environmental impact.. Robert goes on to share his vision for how a distributed ledger (blockchain) could be used to hold commodity producers to account and assure buyers of commodities that they've received the full and true details of how those commodities were produced.
11/28/2020 • 1 hour, 14 minutes, 34 seconds
Erik's Interview on Market Huddle re: Abaxx Technologies Investment
Erik lays out the reasons he invested in Abaxx Technologies, what the company is about, and how investors can get involved when ABXX stock starts trading publicly on December 15th.
11/27/2020 • 48 minutes, 6 seconds
MacroVoices #247 David Rosenberg: Too much debt spells lower future growth and inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show to discuss everything from what’s holding up the stock market to whether bond yields have bottomed to the inflation outlook.
Link: https://bit.ly/2UZqqFb
11/25/2020 • 1 hour, 13 minutes, 7 seconds
MacroVoices #246 Daniel Lacalle: U.S. Election, European Outlook & More
MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show to discuss what’s holding the stock market up as the vaccine news is offset by a marked increase in cases and deaths, bond yields, inflation, and much more.
Link: https://bit.ly/3pUMwa6
11/19/2020 • 1 hour, 16 minutes, 46 seconds
MacroVoices #245 Lakshman Achuthan: Brace For Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome ECRI's Lakshman Achuthan to the show to talk about why he sees an inflation cycle on the near horizon and where we stand in the economic cycle and the outlook for markets.
Link: https://bit.ly/35o7h5A
11/12/2020 • 1 hour, 25 minutes, 6 seconds
MacroVoices #244 Marin Katusa: How to Play the Secular Gold Bull Market
MacroVoices Erik Townsend and Patrick Ceresna welcome Marin Katusa to the show to discuss everything from MMT and how it will drive a secular bull market in precious metals to why some of the best mining companies are only listed on Canadian exchanges to how to allocate a precious metals portfolio to benefit from all these trends.
Link: https://bit.ly/3p4lsV8
11/6/2020 • 1 hour, 52 minutes, 24 seconds
Spotlight #5 The Democratization of Alternative Investments – Art & Farmland
Asset classes previously available only to the super-rich such as fine art and farmland are being democratized and brought within reach of all investors. Hear insights from the CEOs -Artem Milinchuk of FarmTogether.com and Scott Lynn of Masterworks.io- behind this new trend, where it’s headed, and how to invest in both fine art and farmland without breaking the bank.
Link: https://bit.ly/3jIBUqu
10/30/2020 • 43 minutes, 47 seconds
MacroVoices #243 Tian Yang: A New Commodity Bull Market is Coming
MacroVoices Erik Townsend and Patrick Ceresna welcome Variant Perception's Tian Yang to the show to talk about why his team sees inflation on the horizon and they think a new secular bull market in commodities is on deck.
Link: https://bit.ly/37TkIfG
10/29/2020 • 1 hour, 32 minutes, 8 seconds
MacroVoices #242 Stephanie Kelton on Modern Monetary Theory
MacroVoices Erik Townsend and Patrick Ceresna welcome Stephanie Kelton to the show to discuss how Modern Monetary Theory can enable more, not less government spending using the power of central banks to conjure new money supply out of thin air to finance government spending, without necessarily raising taxes or borrowing from foreigners.
Link: https://bit.ly/31x0ZhV
10/22/2020 • 1 hour, 30 minutes, 37 seconds
MacroVoices #241 Mike Alkin & Guy Keller: Uranium Special
MacroVoices Erik Townsend and guest co-host Kevin Muir welcome Mike Alkin & Guy Keller to the show to talk about the future of nuclear power industry, how Uranium market works and the investment opportunities in the Uranium market & more.
Link: https://bit.ly/3k5i35H
10/15/2020 • 1 hour, 28 minutes, 36 seconds
MacroVoices #240 Dr. Pippa Malmgren: U.S. Election Outlook
MacroVoices Erik Townsend and this week's guest host Kevin Muir welcome Dr. Pippa Malmgren to the show to discuss everything from the outlook for markets in various election scenarios to the risk of an increase in civil unrest after the election to Pippa’s prediction that President Trump will aspire to create his own television news empire after leaving the White House, regardless of whether that happens in 2021 or after four more years as President.
Link: https://bit.ly/34FHJPQ
10/8/2020 • 1 hour, 25 minutes, 28 seconds
MacroVoices #239 Art Berman: U.S. Production still set to decline…but so is demand
MacroVoices Erik Townsend and Patrick Ceresna welcome back Art Berman to the show to discuss where oil price is headed from here, decreasing price sensitivity to changes in comparative inventory and an update on Art’s previous prediction on U.S. production of oil.
Link: https://bit.ly/3d0eYBr
10/1/2020 • 1 hour, 20 minutes, 34 seconds
MacroVoices #238 Alex Gurevich: Bond Yields, U.S. Dollar, Equities & more
MacroVoices Erik Townsend and Patrick Ceresna welcome Alex Gurevich to the show to discuss if the bond bull market is finally coming to an end, if the U.S. dollar is heading to a secular decline and perspectives on gold, equity markets & more. Then Jim Bianco from Bianco Research joins in the postgame segment to talk about the upcoming US Presidential Election.
Link: https://bit.ly/3hR0qoo
9/23/2020 • 1 hour, 29 minutes, 16 seconds
MacroVoices #237 Juliette Declercq: U.S. Election Outlook, U.S. Dollar, Real Yields and more
MacroVoices Erik Townsend and Patrick Ceresna welcome Juliette Declercq to the show to discuss the potential outcomes of the U.S. Presidential election and their impact on markets, inflation, the US Dollar, and much more.
Link: https://bit.ly/3mvrQU9
9/17/2020 • 1 hour, 10 minutes, 51 seconds
MacroVoices #236 Mike Green: Passive Investing Dynamics, Inflation vs. Hyperinflation, Digital Currencies & more
MacroVoices Erik Townsend and Patrick Ceresna welcome Mike Green to the show to discuss the reflexive effects of passive investing on market price action, before moving on to the US dollar, inflation, gold, digital reserve currencies and much more.
Link: https://bit.ly/33kfmWC
9/10/2020 • 1 hour, 19 minutes, 47 seconds
MacroVoices #235 Luke Gromen: U.S. Dollar Deep Dive
MacroVoices Erik Townsend and PatrickCeresna welcome Luke Gromen to the show to discuss if the U.S. Dollar is having that "Luke Gromen Moment" he has predicted for years, the stock market, the U.S. fiscal situation, gold and much more.
Link: https://bit.ly/3jMGHr4
9/3/2020 • 1 hour, 37 minutes, 20 seconds
MacroVoices #234 Brent Johnson: The Dollar is Not Dead
MacroVoices Erik Townsend and Patrick Ceresna welcome Brent Johnson to the show to discuss the U.S. Dollar in depth, including why Brent thinks the dollar bears are declaring victory prematurely. They also discuss stocks, gold, and much more.
Link: https://bit.ly/2YFAfu2
8/27/2020 • 1 hour, 19 minutes, 4 seconds
MacroVoices #233 Jesse Felder: How Long Can Stock Market Mania Continue?
MacroVoices Erik Townsend and Patrick Ceresna welcome Jesse Felder to the show to discuss everything from the stock market, to the U.S. dollar, to gold & much more.
Link: https://bit.ly/2CJ3Hrc
8/20/2020 • 1 hour, 23 minutes, 25 seconds
MacroVoices #232 Vincent Deluard: The Nuclear Winter of the 60/40 Portfolio
MacroVoices Erik Townsend and Patrick Ceresna welcome Vincent Deluard to the show to discuss the shortcomings of 60/40 portfolio, why inflation still hasn’t happened, and if the U.S. dollar is facing the beginning of its demise and more.
Link: https://bit.ly/3iDyBAz
8/13/2020 • 1 hour, 31 seconds
MacroVoices #231 Jim Bianco: Coronavirus, MMT, U.S. Dollar, All Leads to Gold
MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show to discuss everything from if Jim has indeed turned bullish, coronavirus update, fixed income markets, what’s next for US dollar & much more.
Link: https://bit.ly/3krJ8Rp
8/6/2020 • 1 hour, 36 minutes, 25 seconds
MacroVoices #230 Summer Special: Deep Dive into U.S. Dollar with Jeff Snider
MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show to discuss the U.S. Dollar system, structurally how it works and why it’s leading systemically to a dollar shortage.
Link: https://bit.ly/3geQLIg
7/30/2020 • 52 minutes, 57 seconds
MacroVoices #229 Summer Special: Grant Williams Unplugged
MacroVoices Erik Townsend and Patrick Ceresna welcome Grant Williams to the show to discuss how long the central bank balance sheet expansion will continue, comparison between this recession to the past recessions, outlook on gold, US/China relations and more.
Link: https://bit.ly/2CV3H7j
7/23/2020 • 1 hour, 23 minutes, 15 seconds
MacroVoices #228 Lyn Alden: The Road to Inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Lyn Alden to the show to discuss the recession, equity markets, bond yields, gold, inflation, and much more.
Link: https://bit.ly/3jfl2bY
7/16/2020 • 1 hour, 12 minutes, 11 seconds
Spotlight #4 Artem Milinchuck: Farmland Investing Now Available to All Accredited Investors - The Future of Investing
FarmTogether founder Artem Milinchuck joins Erik Townsend to discuss Farmland Investing; why it’s been the favored trade of billionaires and how FarmTogether is making this asset class available to all accredited investors.
Link: https://bit.ly/2W8czNL
7/10/2020 • 38 minutes, 50 seconds
MacroVoices #227 Hugh Hendry: He's BAAAAACK!!!
MacroVoices Erik Townsend and Patrick Ceresna welcome Hugh Hendry to the show to discuss everything from Caribbean real estate to his come-back in the world of macro & more
Link: https://bit.ly/38HpSJR
7/9/2020 • 1 hour, 18 minutes, 22 seconds
MacroVoices #226 Charlie McElligott Explains the Upside Catalyst for Equity Market
MacroVoices Erik Townsend and Patrick Ceresna welcome Charlie McElligott to the show to discuss what’s keeping stock prices elevated in the face of a global pandemic, treasury yields, and much more. And be sure to stay tuned for our postgame segment, when Harley Bassman, inventor of the MOVE Index, returns to talk options with Patrick.
Link: https://bit.ly/2ZvC5gF
7/2/2020 • 1 hour, 27 minutes, 49 seconds
MacroVoices #225 Harley Bassman: The long slow road to inflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman to the show to discuss everything from the recession outlook to the coming shift from deflation to inflation, and what it means for fixed income markets & more.
Link: https://bit.ly/2CIZ4x5
6/25/2020 • 1 hour, 22 minutes, 39 seconds
All-Stars #110 Dr. Anas Alhajji: Rebalancing the global oil market will take ~1 year
All-star Dr. Anas Alhajji joins us on the final episode of MacroVoices All-Stars and shares his outlook for global crude oil markets.
Link: https://bit.ly/2BxlOPQ
6/22/2020 • 23 minutes, 44 seconds
MacroVoices #224 Art Berman: Expect oil prices to move down, then up, then WAY up
MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show for another crude oil special! They discuss everything from U.S. production dynamics to the price forecast and more.
Link: https://bit.ly/2zIZPoG
6/18/2020 • 1 hour, 32 minutes, 37 seconds
All-Stars #109 Louis-Vincent Gave: Why Xi Jinping needs to save rather than destroy Hong Kong
All-Star Louis-Vincent Gave returns for an update on Hong Kong, the USD, and U.S. Civil Unrest
Link:https://bit.ly/2ADm67U
6/15/2020 • 17 minutes, 36 seconds
MacroVoices #223 Diego Parrilla: False Diversification and Risk Parity Unwind
MacroVoices Erik Townsend and Patrick Ceresna welcome Diego Parrilla to the show to discuss the post-COVID19 economic and market recovery, the coming transition to secular inflation, precious metals, and much more.
Link: https://bit.ly/37qPgD5
6/11/2020 • 1 hour, 21 minutes, 16 seconds
All-Stars #108 Luke Gromen: Central Banks on Steroids
All-Star Luke Gromen is back to talk about how the Fed is tapering its balance sheet expansion and what that would mean for the markets.
Link: https://bit.ly/3h65Jkt
6/8/2020 • 17 minutes, 35 seconds
MacroVoices #222 Vikram Mansharamani: Post-COVID19 Economic Outlook
MacroVoices Erik Townsend and Patrick Ceresna welcome Vikram Mansharamani to the show to discuss how supply chains are restructuring in the wake of the COVID19 pandemic, the coming secular shift from deflation to inflation, and much more.
Link: https://bit.ly/30aOgSc
6/4/2020 • 1 hour, 31 minutes, 9 seconds
All-Stars #107 Jeff Snider: Huge Money Printing Speaks For Itself, So Why Is Jay Powell Trying To Sell It So Aggressively?
All-Star Jeff Snider is back to talk about how the most aggressive monetary program in the Fed's history hasn't moved the needle one bit and how Jay Powell took his show on the road to 60 Minutes and lied repeatedly.
Link: https://bit.ly/2U0kgo3
6/1/2020 • 25 minutes, 45 seconds
MacroVoices #221 Ronald Stöferle: In Gold We Trust
MacroVoices Erik Townsend and Patrick Ceresna welcome Ronald Stöferle to the show to discuss all things gold, including both the metals and the mining stocks & more.
Link: https://bit.ly/2XCfA92
5/28/2020 • 1 hour, 20 minutes, 28 seconds
All-Stars #106 Dr. Pippa Malmgren: The Post-COVID19 Economy Recovery and U.S.-China Relations
All-star Dr. Pippa Malmgren is back with commentary on how the recovery is likely to play out in both the real economy and financial markets, and how U.S.-China relations will fare going forward
Link: https://bit.ly/2ZG1QwC
5/26/2020 • 28 minutes, 23 seconds
MacroVoices #220 Daniel Lacalle: Fiat Currency Debasement, Central Banks and Gold
MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show to discuss the secular transition from deflation to inflation, hard assets generally, precious metals, the stock market outlook, and much more.
Link: https://bit.ly/2ZsMf3g
5/21/2020 • 1 hour, 38 minutes, 15 seconds
Spotlight #3 Scott Lynn: Securitized Investment in Fine Art
Fine Art investing expert Scott Lynn, founder of Masterworks.io joins Erik Townsend for an in-depth discussion of fine art investing including the securitized approach to investing in blue chip classic artworks being pioneered by Masterworks.io
Link: https://bit.ly/2LBhXmM
All-Star Juliette Declercq returns to discuss views on deflation vs. inflation, if MMT is what makes the difference between depression and reflation and post-crisis equity outlook.
Link: https://bit.ly/2AFOUwd
5/18/2020 • 17 minutes, 49 seconds
MacroVoices #219 Dr. Ben Hunt: Charting the post COVID-19 economic recovery
MacroVoices Erik Townsend and Patrick Ceresna welcome Dr. Ben Hunt to the show to discuss the three narratives of the coronavirus crisis, if there will be a secular shift from deflation to inflation and how Frontline Heroes is supporting healthcare workers.
Link: https://bit.ly/3fIMBIG
All-star Brent Johnson joins Erik Townsend for an update on the US Dollar, S&P 500, Gold, Gold mining shares, and commodities generally in the COVID19 aftermath.
Link: https://bit.ly/2SW5aPP
5/11/2020 • 12 minutes, 59 seconds
MacroVoices #218 Lakshman Achuthan: What cycles teach us about what to expect post coronavirus
MacroVoices Erik Townsend and Patrick Ceresna welcome Lakshman Achuthan to the show to discuss what cycle need to be focused on during this crisis, the three D’s of recession, and what economic cycles teach us about what to expect next.
Link: https://bit.ly/2Wce4dY
5/7/2020 • 1 hour, 38 minutes, 15 seconds
MacroVoices #217 Dr. Lacy Hunt: The Road Through Deflation Toward Eventual Hyperinflation
MacroVoices Erik Townsend and Patrick Ceresna welcome Dr. Lacy Hunt to the show to discuss his core thesis on interest rates and inflation, how to interpret FED policy on inflation and perspectives on the FED bailing out the high yield market
Link: https://bit.ly/2xrUpgO
4/30/2020 • 1 hour, 46 minutes, 21 seconds
All-Stars #103 Jeff Snider: The Myth of Central Bank Market Support (and liquidity)
All-Star Jeff Snider is back! Jay Powell has added $1.5 trillion in bank reserves in just eight weeks, so where's all the money? It's conspicuously missing from all the places it should be showing up.
4/29/2020 • 25 minutes, 53 seconds
Hot Topic #14: Crude Oil BLACK SWAN ALERT with Jim Bianco
The two guys who predicted the Coronavirus Pandemic back in January, Jim Bianco and Erik Townsend say there could be another crisis brewing in the Crude Oil Market!
Link: https://bit.ly/2zuF2ok
4/27/2020 • 51 minutes, 3 seconds
MacroVoices #216 David Rosenberg: Stagflation is coming but not yet
MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show to discuss the general market outlook, investment strategies to navigate market volatility and impacts of COVID-19 crisis on emerging markets and more.
Link: https://bit.ly/2S4WOoF
All-Star Louis-Vincent Gave returns with his perspective as to what lays ahead after the #COVID19 crisis.
Link: https://bit.ly/3cChnRl
4/20/2020 • 24 minutes, 10 seconds
All-Stars #101 Julian Brigden: USD and SPX outlook in the wake of COVID-19
All-star @JulianMI2 returns to discuss the post-crisis direction of the dollar and the stock market
Link: https://bit.ly/2Xx20VL
4/13/2020 • 15 minutes, 31 seconds
MacroVoices #214 Eric Peters: Knock-on effects of the Coronavirus Crisis
MacroVoices Erik Townsend and Patrick Ceresna welcome Eric Peters from One River Asset Management to talk about the impacts of coronavirus on the recent market dislocation and the implications of the recent record-setting monetary intervention and more.
Link: https://bit.ly/3c7Doaa
4/9/2020 • 1 hour, 46 minutes, 27 seconds
Hot Topic #13: Gold for Grownups! Jeff Christian debunks the myths of the market.
CPM Group founder Jeff Christian debunks popular myths and explains how the physical precious metals market really works.
Link: https://bit.ly/3dYyCO2
4/8/2020 • 1 hour, 10 minutes, 2 seconds
All-Stars #100 Dr. Pippa Malmgren: Socio-economic implications of the Coronavirus Crisis
All-Star Dr. Pippa Malmgren returns to share her insights on whether the virus or the government ‘cure’ will be worse, and what lies ahead for the U.S. economy
Link: https://bit.ly/2JO2FKE
4/7/2020 • 45 minutes, 18 seconds
Hot Topic #12: Oil Market Special with Art Berman and Nate Hagens
Petroleum Geologist Art Berman and Prof. Nate Hagens join Erik Townsend for an oil market special. We start with the current OPEC+ deal breakdown and outlook then move on to the long-term picture.
Link: https://bit.ly/34gkbkc
4/6/2020 • 1 hour, 17 minutes, 32 seconds
MacroVoices #213 Josh Crumb: Deciphering the Gold market
MacroVoices Erik Townsend and Patrick Ceresna welcome Josh Crumb to the show to discuss gold-oil ratio, pricing models for gold relative to both crude oil and real interest rates, and what lies ahead for precious metals & much more.
Link: https://bit.ly/2R6iGj0
4/2/2020 • 1 hour, 28 minutes, 20 seconds
All-Stars #99 Louis-Vincent Gave: We’re experiencing three crises disguised as one!
All-Star Louis-Vincent Gave returns to explain why the markets are currently enthralled in not just one but three simultaneous crises.
Link: https://bit.ly/3avksSv
3/30/2020 • 14 minutes, 58 seconds
MacroVoices #212 Simon White: Aftermath of the biggest monetary policy intervention in world history
MacroVoices Erik Townsend and Patrick Ceresna welcome Simon White to the show to talk about the implications of the FED’s recent QE, if the stocks and bonds will both start selling off and how the asset markets will be impacted by the US governments reaction to COVID-19 crisis.
Link: https://bit.ly/3akVx3S
3/26/2020 • 1 hour, 25 minutes, 30 seconds
Hot Topic #11 Lenore Hawkins & Dr. Steve Bickel: The only way to save the economy is to reduce the COVID19 hospitalization rate
Florida physician Dr. Steve Bickell and Tematica Research global macro strategist Lenore Hawkins join Erik Townsend for this week’s COVID19 update podcast
Link: https://bit.ly/2UdwF8I
3/24/2020 • 47 minutes, 53 seconds
All-Stars #98 Luke Gromen: Stocks will keep selling off unless the Fed buys unlimited debt
All-star Luke Gromen says the only way for stocks to trade is down unless the Fed buys an unlimited amount of debt.
P.S. both of those things are happening as we release this episode!
Link: https://bit.ly/2QHpAuR
3/23/2020 • 30 minutes, 26 seconds
MacroVoices #211 Jim Bianco: COVID-19 & Risk Parity Unwind - What's next for markets?
MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show to talk about the impact of COVID-19 on the economy and markets, the systemic risks to markets and impact on dealers & more. Then Kevin Muir joins in the postgame to talk about the imploding risk parity.
Link: https://bit.ly/2wdj5ZW
3/19/2020 • 1 hour, 35 minutes, 8 seconds
Hot Topic #10 COVID19 Update: Imperial College report makes waves
Once again, host Erik Townsend gives a detailed update on the evolving #COVID19 crisis in this full-length special report.
Link: http://bit.ly/2vB07fo
3/18/2020 • 1 hour, 2 minutes, 12 seconds
All-Stars #97 Jeff Snider: The QE Market Meltdown - Currency Inelasticity
All-Star Jeff Snider says the Fed keeps using a bigger bazooka but no one seems to care and the global dollar shortage takes on 2008 proportions.
Link: http://bit.ly/3b3PBfN
3/16/2020 • 39 minutes, 39 seconds
Hot Topic #9 Lenore Hawkins: Boots on the ground from the Red Zone (COVID-19 Lockdown in Italy)
Reporting live from Ground Zero in Northern Italy, Lenore Hawkins joins Erik Townsend with a situation report on life in Italy before and after the COVID-19 crisis struck the region.
Link: http://bit.ly/38RyBrp
3/15/2020 • 42 minutes, 35 seconds
Hot Topic #8 Tracy Shuchart: COVID19, OPEC+ & Crude - What comes next?
Energy Week co-star Tracy Shuchart joins Erik to reflect on what the COVID19 crisis and the OPEC+ falling out with Russia will mean for energy markets, including impact on U.S. Shale.
Link: http://bit.ly/2xB1tr8
3/13/2020 • 38 minutes, 41 seconds
Hot Topic #7 COVID-19 Update: USA and all of Europe will look like Italy within one month!
Host Erik Townsend gives his most bearish and dire outlook yet for the COVID19 crisis, predicting the United States and all of Europe will soon experience what Italy is now experiencing.
Link: http://bit.ly/2Q9ZRLk
3/12/2020 • 53 minutes, 7 seconds
MacroVoices #210 Axel Merk: Market outlook for the coming Coronavirus crisis
MacroVoices Erik Townsend and Patrick Ceresna welcome Axel Merk to the show to discuss how COVID-19 is driving bonds to new all-time highs, perspectives on possible bail-out for shale oil producers and outlook on gold & more.
Link: http://bit.ly/38DZlLT
3/11/2020 • 1 hour, 26 minutes, 2 seconds
All-Stars #96 Juliette Declercq: How to trade the COVID19 Crisis
All-star Juliette Declercq is back for an update on the COVID19 Crisis and how to trade it. Bonus: Subscriber report download
Link: http://bit.ly/2VWZI1B
3/9/2020 • 29 minutes, 46 seconds
MacroVoices #209 Jesse Felder: Pent-up bearish forces were in place before COVID-19
MacroVoices Erik Townsend and Patrick Ceresna welcome Jesse Felder to the show to discuss how COVID-19 has affected the market direction change, if inflation will return in the near future and its systemic risks and more.
Link: http://bit.ly/2Iocuy6
3/6/2020 • 1 hour, 36 minutes, 3 seconds
All-Stars #95 Brent Johnson: Dollar Milkshake still in play
All-Star Brent Johnson returns for an update on the USD, bond yields, and a detailed update on gold.
Link: http://bit.ly/2PLuoPq
3/4/2020 • 20 minutes, 36 seconds
Hot Topic #6: COVID-19 Pandemic Update
This week we’re re-broadcasting our Jan. 30th interview with Dr. Chris Martenson which proved incredibly prescient. Erik Townsend then offers an update on what’s changed since that interview.
Link: http://bit.ly/2TtNbje
3/2/2020 • 1 hour, 16 minutes, 23 seconds
MacroVoices #208 Francesco Filia: Francesco Filia: How to navigate the cliff edge in markets
MacroVoices Erik Townsend and Patrick Ceresna welcome Francesco Filia to the show. They discuss why the US treasury bond is no longer a good investment and its systemic implications, the upcoming daily liquidity crisis and what it means for the market and perspectives on economic impacts of COVID-19
Link: http://bit.ly/3ceaoP5
2/28/2020 • 1 hour, 30 minutes, 31 seconds
All-Stars #94 Jeff Snider: The slowdown started before the Coronavirus hit the tape!
All-Star Jeff Snider is back! Jeff says there were clear signs of economic slowdown before the Coronavirus story even came out.
Link: http://bit.ly/2vlLTyP
2/26/2020 • 29 minutes
Hot Topic #5: COVID Super-Spreader Stealth Pandemic?
We’ve assembled the #COVID thought leaders of Financial Twitter; Jim Bianco, Mike "Mish" Shedlock, Dr. Ben Hunt & Dr. Chris Martenson for an in-depth panel discussion as #COVID19 escalates toward global pandemic status.
Link: http://bit.ly/3a2O1dy
2/24/2020 • 1 hour, 24 minutes, 35 seconds
MacroVoices #207 Ralph Delguidice: Demand is being manufactured for US Treasury paper
MacroVoices Erik Townsend and Patrick Ceresna welcome Ralph Delguidice to the show. They discuss some of the knock-on implications of the US Treasury bond, why treasury and investment grade bond demand flows will remain solid and the US treasury demand impact of Dodd Frank and more.
Link: http://bit.ly/38JCGik
2/20/2020 • 1 hour, 28 minutes, 11 seconds
All-Stars #93 Luke Gromen: Busted! JP Morgan charged for gold price manipulation
FFTT founder Luke Gromen is back to talk about the conclusions we can draw from the U.S. government charging JP Morgan with criminal gold price manipulation
Link: http://bit.ly/2SCKwmQ
2/10/2020 • 22 minutes, 38 seconds
MacroVoices #205 Art Berman: Will the crude oil market catch the Coronavirus?
MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show. They discuss the 2020 demand growth, how oversold is the price of oil and what effect the over-reaction to Coronavirus has on world oil demand. Then Kevin Muir joins postgame segment to discuss Tesla's parabolic rise and blow-off top.
Link: http://bit.ly/2ugJpRV
2/7/2020 • 1 hour, 36 minutes, 41 seconds
All-Stars #92 Jeff Snider: Did anything really get “better” last September?
All-star Jeff Snider takes on why the yield curve inversion last august (so far) hasn’t led to a recession, and what might have changed in the global economy since September
Link: http://bit.ly/2Sg4W54
2/4/2020 • 23 minutes, 38 seconds
All-Stars #91 Dr. Pippa Malmgren: Coronavirus, Surveillance Capitalism, Election Outlook
All-Star Dr. Pippa Malmgren returns with an update on the nCoV Coronavirus outbreak, Pippa’s reaction to Kyle Bass’ allegations about China mining American genetic data, and an update on the U.S. election outlook
Link: http://bit.ly/2Se7rEP
2/3/2020 • 25 minutes, 11 seconds
MacroVoices #204 Julian Brigden: The Truth about Central Bank Liquidity
MacroVoices Erik Townsend and Patrick Ceresna bring you an amazing double header episode with Julian Brigden talking about central bank liquidity and an update on nCoV with Dr. Chris Martenson
Link: http://bit.ly/2u7AkKO
1/30/2020 • 1 hour, 39 minutes, 55 seconds
All-Stars #90 Juliette Declercq: Still bullish, but slightly less so than Q4
All-Star Juliette Declercq is back with the 2020 outlook. Juliette remains cautiously bullish, but perhaps not quite as bullish as she was in late 2019
Link: http://bit.ly/30Y3W9G
New updated version re-recorded 1/28/20 to reflect new information and correct errors in first version. WE RECOMMEND YOU LISTEN AGAIN #2019nCoV #Wuhan #Coronavirus
Host Erik Townsend weighs in with a summary of what he’s learned thus far about 2019-nCoV, the Wuhan Coronavirus, and his analysis of what it will mean to financial markets.
Link: http://bit.ly/38ETuX2
1/27/2020 • 20 minutes, 38 seconds
MacroVoices #203 Russell Napier: The coming credit crisis will be outside the U.S.
Erik Townsend and Patrick Ceresna welcome Russell Napier to MacroVoices. They discuss why we should expect a credit crisis, what will come out of MMT & helicopter money, and how to prepare for runaway inflation and more.
Link: http://bit.ly/2tOWNfJ
1/23/2020 • 1 hour, 27 minutes, 1 second
All-Stars #89 Louis-Vincent Gave: All five pillars supporting the melt-up will come under pressure in 2020
All-Star Louis-Vincent Gave explains the five macro pillars that have driven the stock market to record highs, then explains why all five will come under pressure in 2020
Link:http://bit.ly/2ugYMJx
1/20/2020 • 15 minutes, 32 seconds
MacroVoices #202 Grant Williams: Civil unrest around the world. Failing Unicorns. All paths lead to gold.
Erik Townsend and Patrick Ceresna welcome Grant Williams to MacroVoices. They discuss the recent civil unrest and global social degradation, if Tesla will follow the collapse of WeWork, and how to react to the recent rise in price of gold.
Link: http://bit.ly/2TGMp4n
1/16/2020 • 1 hour, 26 minutes, 57 seconds
All-Stars #88 Jeff Snider: The Fed is avoiding the real issue driving divergences in their models
All-Star Jeff Snider says the Fed is behind the 8 ball. Jeff says the ailing global Eurodollar system is the real reason the economy underperforms against its potential.
Link: http://bit.ly/2Nn3e0e
1/13/2020 • 29 minutes, 57 seconds
MacroVoices #201 Marin Katusa: How To Play the Gold Bull Market
Erik Townsend and Patrick Ceresna welcome Marin Katusa to MacroVoices. They discuss the outlook on gold, updates on previous investments, how private placements work and what to expect at the upcoming VRIC and more.
Link: http://bit.ly/2Tazd7i
1/9/2020 • 1 hour, 33 minutes, 34 seconds
All-Stars #87 Brent Johnson: USD, Stocks, Gold & More
All-star Brent Johnson is bullish on the dollar, and cautious about stocks & gold at current price levels.
Link: http://bit.ly/2Fn94tW
1/6/2020 • 15 minutes, 13 seconds
MacroVoices #200 Dr. Pippa Malmgren: Knowledge Doubling Curve and its Consequences and Implications
Erik Townsend and Patrick Ceresna welcome Dr.Pippa Malmgren to MacroVoices. They discuss the knowledge doubling curve, collection and monetization of personal data, ephemeralization and its consequences & how autonomous vehicles will change the future.
Link: http://bit.ly/2QFZXKi
12/31/2019 • 1 hour, 20 minutes, 20 seconds
All-Stars #86 Luke Gromen: The Fed’s “Whatever it Takes” moment is upon us
All-Star Luke Gromen says the repo crisis was the Fed’s “Whatever it takes moment”, and balance sheet expansion is the name of the game for the foreseeable future
Link:http://bit.ly/2ZrQNVt
12/25/2019 • 23 minutes, 6 seconds
MacroVoices #199 Art Berman: Crude Oil Special
Erik Townsend and Patrick Ceresna welcome Art Berman to MacroVoices. They discuss Art’s views on IEA’s forecast of oil glut in 2020, comparative inventory system, oil price outlook and more.
Link: http://bit.ly/35SOKfI
12/24/2019 • 1 hour, 19 minutes, 8 seconds
All-Stars #85 Jeff Snider: U.S. Dollar Year End Review & 2020 Outlook
All-star Jeff Snider is back with a year-end review and 2020 outlook for the U.S. Dollar and the Eurodollar system
Link: http://bit.ly/2Mn3DPr
12/23/2019 • 19 minutes, 37 seconds
MacroVoices #198 Jim Bianco: Deep dive into fixed income
Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. They discuss Jim’s views on Zoltan Pozsar’s theory of repo dislocation, if QE4 is imminent in the near future and what’s on the horizon for the bond market and the fixed income market & more
Link: http://bit.ly/2tvZOAY
12/20/2019 • 1 hour, 25 minutes, 40 seconds
All-Stars #84 Louis-Vincent Gave : Tech stocks are at the same % of SPX Composition as the 1999 high
All-Star Louis-Vincent Gave returns for an update on the S&P Christmas Rally, why Apple has outperformed despite the trade war, & Much more!
Link: http://bit.ly/35sZUri
12/16/2019 • 18 minutes, 7 seconds
MacroVoices #197 Juliette Declercq: Inflations is not in the cards
MacroVoices Erik Townsend and Patrick Ceresna welcome Juliette Declercq to the show where Juliette decodes the FOMC statement & macro outlook, and translate that view into actionable trading strategies. Then Jeff Snider joins in the postgame to talk Repo.
Link: http://bit.ly/2Pedb1c
12/12/2019 • 1 hour, 26 minutes, 26 seconds
All-Stars #83 Jeff Snider: Objective analysis of global USD liquidity yields a different story than financial media are telling
All-Star Jeff Snider is back with an update on global U.S. Dollar liquidity and what it means for the global economy and markets.
Link: http://bit.ly/2PusQYZ
12/9/2019 • 26 minutes, 52 seconds
MacroVoices #196 Mark Gordon: Why the age of oil abundance is about to end
Erik Townsend and Patrick Ceresna welcome Mark Gordon to MacroVoices. They discuss why inventory is not what drives the price, the regime change from the age of peak oil to the age of oil abundance and possible impacts the recession will have on oil prices and more.
Link:http://bit.ly/33OC0EY
12/6/2019 • 1 hour, 36 minutes, 45 seconds
All-Stars #82 Dr. Pippa Malmgren: Rule of Law, Hong Kong protests, Bullish on Innovation
All-star Dr.Pippa Malmgren is back with an update on the rule of Law and the Hong Kong protests, plus why Pippa remains bullish on innovation and global growth
Link: http://bit.ly/2OLPvAZ
All-Star Brent Johnson is back with an update on the US Dollar, stocks, China, Canadian interest rates, Gold & More!
Link: http://bit.ly/34HG9fd
12/2/2019 • 14 minutes, 11 seconds
MacroVoices #195 Jeffrey Christian: Electric Vehicle Outlook and Precious Metals Update
Erik Townsend and Patrick Ceresna welcome Jeffrey Christian to MacroVoices. They discuss the uptrend of electric vehicles, what is going to be the mode of power in the future and how it will be delivered, and how replacing petroleum may impact geopolitics.
Link: http://bit.ly/2OOtrEB
11/27/2019 • 1 hour, 14 minutes, 20 seconds
All-Stars #80 Prof. Steve Keen: QE by any other name is still QE!
All-Star Prof. Steve Keen is back, and he says the Fed can call it whatever they want, but what they’re doing is still Quantitative Easing.
Link: http://bit.ly/37C2xbA
11/25/2019 • 19 minutes, 31 seconds
MacroVoices #194 Peter Boockvar: Inflation is Not a Prerequisite for Central Banks Changing Policy
Erik Townsend and Patrick Ceresna welcome Peter Boockvar to MacroVoices. They discuss if the US will get to negative interest rates, the inevitability of inflation and its effects on central banks, outlook on US/China trade negotiations and more.
Link: http://bit.ly/337McIp
11/21/2019 • 1 hour, 14 minutes, 16 seconds
All-Stars #79 Louis-Vincent Gave : Civil Unrest in Hong Kong and Around the Globe in Perspective
All-Star Louis-Vincent Gave weighs in on latest developments at HK Poly University and Civil Unrest more generally around the globe, then concludes with market outlook
Link: http://bit.ly/2O3C7Yt
11/20/2019 • 20 minutes, 41 seconds
All-Stars #78 Jeff Snider : Market complacency is misplaced!
All-Star Jeff Snider says markets are breathing a sigh of relief that the recession scare is over, but this complacency is misplaced!
Link: http://bit.ly/32ZfU29
11/18/2019 • 27 minutes, 17 seconds
MacroVoices #193 Charlie McElligott: Bond rally correction appears to be over
Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. They discuss late cycle dynamics, how the CTA position estimating model works and if it’s time to buy gold & more.
Link: http://bit.ly/2KoEGCh
11/14/2019 • 1 hour, 17 minutes, 24 seconds
All-Stars #77 Luke Gromen: You’re a conspiracy theorist if you call monetization ‘monetization’!
All-Star Luke Gromen returns with an update on monetary policy and market outlook.
Link: http://bit.ly/2qSMRje
11/13/2019 • 15 minutes, 34 seconds
All-Stars #76 Juliette Declercq: Equity rally set to continue
All-star Juliette Declercq returns with an update on her views on monetary policy and the equity market rally, which she says is set to continue higher.
Link: http://bit.ly/2rrh5Ky
11/11/2019 • 17 minutes, 4 seconds
MacroVoices #192 Keith McCullough : Inflation Accelerating
Erik Townsend and Patrick Ceresna welcome Keith McCullough to MacroVoices. They discuss the macro themes of the last quarter of 2019, what is next for the Chinese economy, long short pairs trade in software industry and more.
Link: http://bit.ly/2JYhb2E
11/7/2019 • 1 hour, 32 minutes, 33 seconds
All-Stars #75 Dr. Pippa Malmgren: Decoding the global explosion of civil unrest
All-Star Dr. Pippa Malmgren explains why the explosion in civil unrest around the globe is all about breakdown of the social contract. Also Trump News Network and market outlook.
Link: http://bit.ly/2CazFJ1
11/4/2019 • 32 minutes, 57 seconds
MacroVoices #191 Alex Gurevich: Stop this conversation and pause this interview, go buy gold!
Erik Townsend and Patrick Ceresna welcome Alex Gurevich to MacroVoices. They discuss the latest FOMC meeting, if it’s time to go long in the treasury market, outlook on gold and more.
Link: http://bit.ly/2JC44nC
10/31/2019 • 1 hour, 6 minutes, 7 seconds
All-Stars #74 Brent Johnson: Expect ECB’s Christine Lagarde to take office and take action quickly!
All-Star Brent Johnson expects Christine Lagarde to hit the ground running as she takes the helm of the ECB this week. Also stock and gold market outlooks.
Link: http://bit.ly/2Jqf7QQ
10/28/2019 • 14 minutes, 27 seconds
MacroVoices #190 Diego Parrilla: They'll change the rules to bail out the system
Erik Townsend and Patrick Ceresna welcome Diego Parrilla to MacroVoices. They discuss Diego’s contrarian investment thesis, his concept of anti-bubbles, balanced portfolio construction and more.
Link: http://bit.ly/2BEKcMn
10/24/2019 • 1 hour, 12 minutes, 8 seconds
All-Stars #73 Prof. Steve Keen: Rising Populism & Brexit update
All-Star Prof. Steve Keen is back with an update on the recent surge in populism around the globe and Steve’s outlook for the resolution of the Brexit dilemma
Link: http://bit.ly/31Amewu
10/22/2019 • 14 minutes, 19 seconds
All-Stars #72 Jeff Snider: The Supply-side of the Eurodollar equation
All-Star Jeff Snider is back with more perspective on the global dollar liquidity situation, this time focusing on the supply rather than demand side of the equation.
Link: http://bit.ly/2Jb9aXV
10/21/2019 • 25 minutes, 59 seconds
MacroVoices #189 Stephanie Pomboy: S&P Earnings Do Not Equal Corporate Profits
Erik Townsend and Patrick Ceresna welcome Stephanie Pomboy to MacroVoices. They discuss the expansion of the FED’s balance sheet, the significance of the recent liquidity shock and the divergence between corporate profits and S&P and much more. In postgame, Rick Rule joins to discuss the strategies for participating in gold equity bull market.
Link: http://bit.ly/2qnxO0Y
10/17/2019 • 1 hour, 24 minutes, 6 seconds
All-Stars #71 Julian Brigden: Geopolitical risks, Chinese liquidity dynamics & “not” QE
All-Star Julian Brigden weighs in on the Saudi Arabia oil infrastructure attacks, Chinese liquidity, and the Fed’s QE that isn’t QE according to the Fed
Link: http://bit.ly/33CcXFC
10/16/2019 • 13 minutes, 35 seconds
All-Stars #70 Luke Gromen: The official narrative just FAILED!
All-Star Luke Gromen says the official narrative just failed: The notion that the USD shortage would affect the rest of the world before it would affect the U.S. just collapsed according to Luke, and this creates investable opportunities.
Link: http://bit.ly/35yXnw4
All-Star Louis-Vincent gave returns for a detailed look at markets and an update on the developing situation in Hong Kong
Link: http://bit.ly/2MynZ7S
10/11/2019 • 21 minutes, 15 seconds
MacroVoices #188 : Variant Perception’s Tian Yang on Tail Hedges
Erik Townsend and Patrick Ceresna welcome Tian Yang to MacroVoices. They discuss the economic and liquidity leading indicators, the implications of US-China trade war on the markets, translating economic signals into market decisions and more. Later, Amir Adnani from Uranium Energy Corp joins in the postgame segment.
Link: http://bit.ly/2M2Ke6P
10/10/2019 • 1 hour, 18 minutes, 50 seconds
All-Stars #68 Danielle DiMartino Booth: Interpreting Friday’s Jobs data
All-Star Danielle DiMartino-Booth is back to take a deeper look at last week’s Jobs report an share her analysis of what it means. Also free issue of Daily Feather newsletter.
Link:http://bit.ly/2M0M6Nx
10/9/2019 • 20 minutes, 25 seconds
All-Stars #67 Jeff Snider: Reconciling extreme treasury demand with declining bid-to-cover ratios
All-Star Jeff Snider responds to listeners who have questioned how Jeff can say there’s a treasury shortage when bid-to-cover ratios are declining in treasury auctions.
Link: http://bit.ly/2Vmfd0L
10/8/2019 • 27 minutes, 16 seconds
All-Stars #66 Juliette Declercq: Break or Bounce time is here!
All-Star Juliette Declercq says it’s time for the global economy to either break or bounce. Hear Juliette explain in detail in this episode.
Link: http://bit.ly/31W7B7p
10/7/2019 • 17 minutes, 11 seconds
MacroVoices #187 Eric Peters: The Era of Monetary Dominance will give way to Fiscal Dominance
Erik Townsend and Patrick Ceresna welcome Eric Peters to MacroVoices. They discuss the shift in dominance from monetary to fiscal policy, political drivers of changes in monetary policy and what impact the generational and political gap has on the economy and more.
Link: http://bit.ly/2IABbIj
10/3/2019 • 1 hour, 14 minutes, 58 seconds
All-Stars #65 Luke Gromen: The Narrative Failure is upon us!
All-Star Luke Gromen says we’re experiencing what Barton Biggs called “Narrative Failure”, and explains why the repo spike was neither “technical” nor “temporary”.
Link: http://bit.ly/2mUbElv
10/2/2019 • 24 minutes, 56 seconds
All-Stars #64 Brent Johnson: Even QE4 will only briefly reverse the Dollar’s climb
All-star Brent Johnson says that even if Juliette Declercq is proven right and the Fed launches QE4, the reversal in the Dollar’s rise would only be temporary. Stocks higher, gold pullback.
Link: http://bit.ly/2mU4aPG
9/30/2019 • 22 minutes, 44 seconds
All-Stars #63 Juliette Declercq: This could mark the end of a chronic crisis rather than the beginning of an acute one
All-star Juliette Declercq joins Jeff Snider and Danielle DiMartino Booth in saying the Fed is clueless with respect to the ongoing Repo crisis. Juliette gives the high-level picture to contrast Jeff’s deep analysis of the “plumbing”.
Link: http://bit.ly/2nfMBJi
9/27/2019 • 11 minutes, 59 seconds
MacroVoices #186 Harley Bassman: Volatility Does Not Equal Risk
Erik Townsend and Patrick Ceresna welcome Harley Bassman to MacroVoices. They discuss the MOVE index as a leading economic indicator, how the upcoming election may affect both fiscal and monetary policy, and Harley’s article “The Opposite of Bad is Worse” and more.
Link: http://bit.ly/2lXbae7
9/26/2019 • 1 hour, 11 minutes, 4 seconds
Energy Week #17: In the aftermath of Abqaiq
This episode of Energy Week focuses on the future of the oil market and how the #Abqaiq attacks will change energy security policy. ALSO: Big announcement re: the future of Energy Week
Link: http://bit.ly/2nl04zO
9/26/2019 • 1 hour, 4 minutes, 57 seconds
All-Stars #62 Prof. Steve Keen: Why repo blew up last week and what it means
All-Star Prof. Steve Keen is back with his perspective on last week’s repo market dislocation. Spoiler: this was NOT because the fiat system is collapsing, as some crypto die-hards have suggested
Link: http://bit.ly/2mzL5BN
9/25/2019 • 13 minutes, 5 seconds
All-Stars #61 Danielle DiMartino-Booth: The inmates are not running the asylum. Nobody is!
All-Star Danielle DiMartino-Booth says the Federal Reserve has a serious management problem and is literally out of control.
Link: http://bit.ly/2mn84jd
9/24/2019 • 22 minutes, 32 seconds
All-Stars #60 Jeff Snider: Deep dive on the Repo Blowup
All-Star Jeff Snider is back by popular demand to explain why the mainstream explanations for last week’s explosion in repo rates just doesn’t add up with the facts!
Link: http://bit.ly/2mcArQV
9/23/2019 • 35 minutes, 52 seconds
Hot Topic #3 Alex Gurevich: Follow-up from the Grant Williams interview
Honte Investments’ hedge fund manager Alex Gurevich was so intrigued by Erik’s interview with Grant Williams that he wanted to add a few thoughts of his own….
Link: http://bit.ly/2kuLbtG
9/20/2019 • 24 minutes, 57 seconds
MacroVoices #185 David Rosenberg: Global Economy Still Deteriorating
Erik Townsend and Patrick Ceresna welcome David Rosenberg to MacroVoices. They discuss the latest FOMC statement, recent dislocation in value & growth, outlook on the bond market and more.
Link: http://bit.ly/2kU8sp4
9/19/2019 • 1 hour, 5 minutes, 18 seconds
Energy Week #16: Abqaiq Processing Facility Attacks and their consequences
This episode focuses entirely on #Abqaiq attacks and their knock-on consequences and effects. Anas Alhajji is boots-on-the-ground, reporting from Riyadh Saudi Arabia and Joe McMonigle joins us from Washington, DC.
Link: http://bit.ly/2lWlqmm
9/19/2019 • 55 minutes, 37 seconds
All-Stars #59 Julian Brigden: Can the Fed still save us from recession?
MI2 Partners founder Julian Brigden is back with an update on recession outlook, fixed income, and the geopolitical events of last weekend.
Link: http://bit.ly/2kntsUS
9/18/2019 • 15 minutes, 45 seconds
All Stars #58 Dr. Pippa Malmgren: Abqaiq Saudi Arabia Drone Attacks - What’s at stake & what comes next
All-Star Dr. Pippa Malmgren is back with a fantastic geopolitics interview focusing on the #Abqaiq (Saudi) drone attacks. Don’t miss this one, gang!
Link: http://bit.ly/2mfWoi5
9/17/2019 • 32 minutes, 8 seconds
All-Stars #57 Louis-Vincent Gave: Last week’s dislocation between value and growth
All-Star Louis-Vincent Gave explains last Monday’s dramatic dislocation between value and growth stocks and why it was important. Also gold, Hong Kong update and more.
Link: http://bit.ly/2mdWGGd
9/16/2019 • 18 minutes, 3 seconds
All-Stars #57 Louis-Vincent Gave: Last week’s dislocation between value and growth
All-Star Louis-Vincent Gave explains last Monday’s dramatic dislocation between value and growth stocks and why it was important. Also gold, Hong Kong update and more.
Link: http://bit.ly/2mdWGGd
9/16/2019 • 18 minutes, 3 seconds
MacroVoices Spotlight #2 Bob Coleman: Private Vaulting of Precious Metals = Independence from the Financial System
When private investor Bob Coleman set out to find a place to store his own precious metals OUTSIDE the financial system, he found all the vaulting services had conflicts of interest, so he started his own!
Link: http://bit.ly/2lMOzAv
9/13/2019 • 52 minutes, 39 seconds
MacroVoices #184 Jeffrey Snider & Luke Gromen : Global U.S. Dollar Shortage Demystified
Erik Townsend and Patrick Ceresna welcome Jeff Snider and Luke Gromen to MacroVoices. They discuss the impact of changing Eurodollar markets, the global dollar liquidity shortage and the future changes in global reserve currencies and more.
Link: http://bit.ly/2lOWHQP
9/12/2019 • 1 hour, 33 minutes, 41 seconds
All-Stars #56 Dr. Anas Alhajji: Oil Market Update (in lieu of ENERGY WEEK)
Due to panelist travel schedules we were unable to bring you Energy Week this week. This oil market update from Dr. Anas Alhajji will substitute for this week’s ENERGY WEEK podcast.
Link: http://bit.ly/2kF32hq
9/11/2019 • 27 minutes, 51 seconds
All-Stars #55 Danielle DiMartino-Booth: Jay Powell’s exuberance over U.S. economy is unfounded!
All-Star Danielle DiMartino-Booth says Jay Powell’s Zurich speech doesn’t jibe with economic reality. Also Carney’s Jackson Hole pitch and more.
Link: http://bit.ly/2lLXNgb
9/11/2019 • 19 minutes, 10 seconds
All-Stars #54 Prof. Steve Keen: China’s move to lower RRR and what it means
All-Star Prof. Steve Keen is back for an update on China’s move over this past weekend to lower their required reserve ratio (RRR) and what it means.
Link: http://bit.ly/2lMpBRu
9/10/2019 • 15 minutes, 59 seconds
All-Stars #53 Juliette Declercq: What to expect from the ECB on Thursday
All-Star Juliette Declercq weighs in on what to expect from the ECB this Thursday, as well as her own prescriptions for monetary policy.
Link: http://bit.ly/2kAtLfb
9/9/2019 • 16 minutes, 48 seconds
MacroVoices Spotlight #1 Niels Kaastrup-Larsen: Algorithmic Trading & Trend Following
In the inaugural episode of MacroVoices Spotlight, Niels Kaastrup-Larsen explains why Trend Following has been the most successful long-term algorithmic trading strategy.
Link: http://bit.ly/2lZOFEM
9/6/2019 • 59 minutes, 9 seconds
MacroVoices #183 Grant Williams: Gold’s rise has just begun
Erik Townsend and Patrick Ceresna welcome Grant Williams to MacroVoices. They discuss global negative yielding debt, outlook on Gold and what effect recession will have on the US stock market & more.
9/5/2019 • 1 hour, 26 minutes, 52 seconds
All-Stars #52 Brent Johnson: Dollar breakout set to continue higher
All-Star Brent Johnson says the U.S. Dollar breakout is set to continue higher. Brent still expects a pullback in gold, but sees it moving higher long-term.
Link: http://bit.ly/2jZsUV0
9/4/2019 • 23 minutes, 41 seconds
All-Stars #51 Luke Gromen: USD faces day of reckoning when it becomes clear Fed will have to monetize gov’t deficits
All-Star Luke Gromen explains why the Fed will soon be forced to monetize U.S. government deficits, and why that has to spell serious trouble for the USD.
Link: http://bit.ly/2kgI1tx
9/3/2019 • 23 minutes, 48 seconds
MacroVoices #182 Summer Special Part 2: Danielle DiMartino-Booth and Peter Boockvar on the Future of Monetary Policy
Erik Townsend and Patrick Ceresna welcome Danielle DiMartino-Booth and Peter Boockvar to MacroVoices. They discuss financial repression, outlook on US dollar, Europe, the ECB and Christine Lagarde & more.
Link: http://bit.ly/2ZybGkr
8/29/2019 • 1 hour, 1 minute, 20 seconds
All-Stars #50 Prof. Steve Keen: Why BOE’s Mark Carney just pitched a global digital reserve currency at Jackson Hole and how central bankers think abo...
All-Star Prof. Steve Keen explains why central bankers often make their boldest moves on their way OUT of office and what drove Mark Carney to propose a CBDC reserve currency at Jackson Hole
Link: http://bit.ly/2Zr4oQo
8/28/2019 • 32 minutes, 7 seconds
All-Stars #49 Jeff Snider: Yield curves don’t lie. But central bankers sometimes do.
All-Star Jeff Snider explains why Janet Yellen is wrong to think term premia explain why the bond market is signaling deflation. Great slide deck too!
Link: http://bit.ly/2zoJVvS
8/26/2019 • 27 minutes, 38 seconds
MacroVoices #181 Summer Special Part 1: Danielle DiMartino-Booth and Peter Boockvar on the Future of Monetary Policy
Erik Townsend and Patrick Ceresna welcome Danielle DiMartino-Booth and Peter Boockvar to MacroVoices. They discuss the FOMC statement, risks of a recession in the U.S. and inflation risks moving forward, and much more.
Link: http://bit.ly/31UNp5C
8/22/2019 • 58 minutes, 52 seconds
All-Stars #48 Dr. Pippa Malmgren: It’s not really 1929. Don’t panic.
All-Star Dr. Pippa Malmgren is back. She disagrees with the many market observers who believe we’re on the edge of the cliff, and offers bullish arguments for markets & the economy.
Link: http://bit.ly/2ZkMaz4