Macro Voices Podcasts

Cullen Roche

Erik Townsend and Patrick Ceresna welcome Cullen Roche to MacroVoices. Erik and Cullen discuss:

  • Trillion-dollar coin and debt ceiling
  • Stagnant economy and inflation
  • Modern Monetary Theory
  • Will inflation turn into stagflation?
  • Fed’s response to inflation
  • Keynesian’s counter cyclical policy
  • Outlook on equities, dollar and bond yields 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Russell Napier to MacroVoices. Erik and Russell discuss:

  • Current situation in China and its impacts on inflation
  • Interest rates and inflation
  • China’s influence on central banks facing inflation
  • Collectivism and its implications on central banks
  • Outlook for bond rates
  • Impacts of inflation on stock market
  • Financial repression – how will it unfold?
  • Outlook on equities and gold

 Find out more about Russell's new course at www.didaskoeducation.org or you can contact Russell at This email address is being protected from spambots. You need JavaScript enabled to view it.

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Jeroen Blokland

Erik Townsend and Patrick Ceresna welcome Jeroen Blokland to MacroVoices. Erik and Jeroen discuss:

  • Is inflation transitory?
  • Policy response to inflation
  • Supply chain disruption
  • Bullish sentiment in the stock market
  • Portfolio allocation
  • Reflecting on last week’s FOMC 
  • China and Evergrande
  • Perspectives on Bitcoin

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Jeroen will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

  

David GarofaloSPECIAL POST GAME GUEST- David Garofalo

 

 

 

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Juliette Declercq

Erik Townsend and Patrick Ceresna welcome Juliette Declercq to MacroVoices. Erik and Juliette discuss:

  • Macro outlook
  • The two types of inflation
  • Unemployment rate and wage inflation
  • How will the Fed react to rising wages?
  • Wealth accumulation by generations and income inequality
  • Supply and demand imbalances

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Juliette will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Jim Bianco

Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. Erik and Jim discuss:

  • Is this inflation secular or cyclical?
  • Wage inflation and unemployment rate
  • Correlation between inflation and interest rate
  • Is this beginning of a bond-bear market?
  • Investment strategy in the current bond market landscape
  • Will Jay Powell be re-appointed?
  • Outlook on China
  • Perspectives on DeFi 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Paul Krake

Erik Townsend and this week's guest host Kevin Muir welcome Paull Krake to MacroVoices. Erik and Paul discuss:

  • Major macro themes to observe
  • Megathematics
  • Perspectives on China
  • Hong Kong’s loss of independence and its impact on financial landscape
  • Climate change and ESG trend
  • Will the FED actually taper?
  • What’s next for digitization and DeFi

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Kevin will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Wayne Himelsein

Erik Townsend and Patrick Ceresna welcome Wayne Himelsein to MacroVoices. Erik and Wayne discuss:

  • Long Vol vs. Short Vol strategies
  • Mitigating carry cost of long vol strategies 
  • Actively trading to manage negative carry
  • Straddles as a long vol trade 
  • Sizing a long vol hedge in a portfolio
  • Dynamic management of a long vol trade

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Wayne will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Dr. Pippa Malmgren

Erik Townsend welcomes Dr. Pippa Malmgren and Clint Cox to MacroVoices. Erik and the guests discuss:

  • Importance of Decentralized Finance
  • How to navigate DeFi revolution as an investor
  • Will credit be re-engineered in a digital currency system?
  • Geopolitical consequences of displacing USD as global reserve currency with new digital central bank reserve asset

Download the podcast transcript: [Click Here]

 

 

 

 

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Dr. Pippa Malmgren

Erik Townsend welcomes Dr. Pippa Malmgren and Clint Cox to MacroVoices. Erik and the guests discuss:

  • Digital currency & decentralized finance vs. conventional currency and finance system
  • Cryptocurrency, Central Bank Digital Currencies and Silicon Valley Digital Currencies
  • Can CBDCs coexist peacefully with non-government cryptocurrencies?
  • Big tech impact on digital currency systems

Download the podcast transcript: [Click Here]

 

 

 

 

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Lakshman Achuthan

Erik Townsend and Patrick Ceresna welcome Lakshman Achuthan to MacroVoices. Erik and Lakshman discuss:

  • Will there be disinflation before secular inflation?
  • Global Manufacturing PMI & Industrial Growth cycles
  • Post GFC – when does national debt becomes problematic?
  • Commodities – what to expect cyclically
  • Outlook on precious metals
  • Does the downturn in economic cycle call for recession?

 Download the podcast transcript: [Click Here]

 

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Lakshman will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

Grant Williams

SPECIAL POST GAME GUEST- Grant Williams

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Brent Johnson

Erik Townsend and Patrick Ceresna welcome Brent Johnson to MacroVoices. Erik and Brent discuss:

  • Resiliency of the US dollar
  • The Dollar Milkshake Theory
  • Inflation vs Deflation
  • Portfolio allocation
  • Gold, Bitcoin and digital assets
  • Agricultural commodities vs industrial commodities

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Brent will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Bill Blain

Erik Townsend and Patrick Ceresna welcome Bill Blain to MacroVoices. Erik and Bill discuss:

  • Is Inflation here to stay?
  • Threat of stagflation 
  • How probable is runaway inflation?
  • Chinese capitalism vs Western capitalism
  • Outlook on US/China relations
  • Gold vs Crypto
  • How to hedge in real asset market
  • MMT and wealth inequality
  • Perspectives on ESG

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Darius Dale

Erik Townsend and Patrick Ceresna welcome Darius Dale to MacroVoices. Erik and Darius discuss:

  • Inflation vs. Deflation
  • Trend in growth
  • Measuring trend change and trend reversal
  • Impending “second wave” of secular inflation
  • How to invest in secular inflation narrative
  • Long-term outlook on monetary policy
  • Cyclical forces in the economy

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Darius will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Aaran Param

Erik Townsend and Patrick Ceresna welcome Aaran Param to MacroVoices. Erik and Aaran discuss:

  • Inflation – secular or transitory?
  • Where to invest in equity market
  • What’s next for the dollar
  • How to play EM vs DM
  • Perspectives on China
  • Bond market outlook
  • Commodity super cycle
  • Oil, gold & precious metals

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Viktor Shvets to MacroVoices. Erik and Viktor discuss:

  • Inflation vs. disinflation
  • “Everything will go to zero”
  • Cause of changes in economic behavior and social attitude
  • Generation cycles and fourth turning
  • Capital markets and Fed policy – where are they headed?
  • Is the only possible direction for interest rates to go up?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Eric Peters

Erik Townsend and Patrick Ceresna welcome Eric Peters to MacroVoices. Erik and Eric discuss:

  • Views on current inflation narrative
  • How to hedge in a transitory inflation environment
  • Consequences and implications of secular inflation
  • How long it will take for inflation to go from “good” to “bad”
  • Will digital currency eventually replace fiat currency?
  • Will Bitcoin benefit from CBDC?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices. Erik and Daniel discuss:

  • Views on inflation
  • Recovery – how differences in sentiment will impact demand
  • Logic behind central banks policy trend toward tapering
  • Where will continued money printing lead us?
  • Perspectives on ESG aware investing trend
  • Energy market outlook
  • Digital currency – where are we headed?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register or login for access to supporting materials.

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Erik Townsend and Patrick Ceresna welcome Philip Verleger to MacroVoices. Erik and Philip discuss:

  • IEA’s forecast on shutting down the oil industry
  • What will happen to price action at the wind-down of the industry
  • Perspectives on inflation
  • What would happen if this inflation is not transitory?
  • Carbon sequestration and carbon credits
  • Metals and petroleum – why is China selling metals?
  • ESG and nuclear energy
  • Outlook on oil

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register or login for access to supporting materials.

Steve Keen

Erik Townsend and Patrick Ceresna welcome Steve Keen to MacroVoices. Erik and Steve discuss:

  • Relationship between inflation and bond rates
  • Perspectives on recent action of US 10yr Treasury yield
  • MMT – how will this concept be adopted?
  • Will MMT create even more private debt and is there a way to avoid it?
  • Debunking ESG for investors 
  • Rebuttal to William Nordhaus 
  • Steve’s new book - The New Economics: A Manifesto 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Marin Katusa to MacroVoices. Erik and Marin discuss:

  • Options that exist for accredited investors in precious metals market
  • Private placement in precious metals and how it works
  • Pros and cons of Capital Introduction industry 
  • Disadvantages of using a broker
  • What Katusa Research newsletter offers
  • Access to private placement and financing vs. public market
  • Marin’s new book: The Rise of America

Download the podcast transcript: [Click Here]

Katusa Research Special Offer: 28% off Marin Katusa's Natural Resource Investing Newsletter 

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Patrick Ceresna shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.

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