Macro Voices Podcasts

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

• Where are treasury bonds heading next?
• Foreign buyers of treasury bonds
• How does China effect global growth?
• Tightening of Chinese monetary policy
• Which central bank is dictating global inflation
• Fed policy and the trend of monetary policy
• Outlook for developed stock markets
• Consequences of loose monetary policy
• Is the decade long bull market over?
• Is the Fed out of bullets?
• Outlook for the U.S. Dollar

Russell Napiers: A Practical History of Financial Markets Course Details

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Erik Townsend and Patrick Ceresna welcome Charlie McElligott back to MacroVoices. Erik and Charlie discuss:

• China Trade Collapse
• Update on China Credit Impulse
• PBoC Liquidity Operations
• Bear market rally or continuation of bull market?
• Fading the Fed’s economic optimism
• Sequencing that could cause a force in on the equity markets
• CTA Model Positioning across asset classes
• Positioning in risk parity funds
• Purge in equity fund flows in Q4 2018
• Fear the steepener

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

• Update on uranium and uranium producers
• Outlook on oil prices
• Opportunities in the steel industry
• Investing in the diamond industry
• What is happening in the resource industry?
• How to be a successful resource investor

Katusa Research Promo for MacroVoice Listeners

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Join Erik Townsend and Patrick Ceresna as they spend an episode reviewing the best market calls of 2018:

• Calling the top of Bitcoin
• Francesco Filia and Kevin Muir on the VIX ETNs
• Chris Cole on VIX and system risks
• Darius Dale on Chinese economy
• Buy the dip calls in Q2
• Russell Napier on the Emerging Markets
• David Rosenberg on markets and corporate bonds
• Jesse Felder on the FAANG
• Charlie McElligott on liquidity
• Keith McCullough on bond yields peaked

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SPECIAL POST GAME GUEST- BRENT JOHNSON 

• Where is the U.S. Dollar going post FOMC
• What is the outlook for gold
• Where are the stock markets going next

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SPECIAL POST GAME GUEST- LOUIS-VINCENT GAVE - AN IMPORTANT CROSSROAD

• Why a Liquidity Squeeze?
• Havoc in the US corporate bond market
• The end of Chin-America

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

• Impact of trade war on the global economy
• PBOC and Chinese monetary policy
• Global growth outlook
• U.S. Dollar and U.S. monetary policy outlook
• Is the Powell dovish pivot a game changer?
• What is in the cards for 2019?
• Perspective on U.S. housing and its impact
• Political turmoil in France and outlook on Europe

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Erik Townsend and Patrick Ceresna welcome Julian Brigden back to MacroVoices. Erik and Julian discuss:

• What is driving the bond market right now?
• Is it all about demographics?
• The global excesses in the equity markets
• Are the U.S. housing markets overpriced?
• Where is the next trade in treasuries?
• Putting on the steepener
• Is the stock market due for a big bubble bounce?
• Inflation considerations in 2019
• What is the next move for the Fed?

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SPECIAL POST GAME GUEST- Art Berman

Art joins Erik and Patrick to discuss the current bear market in oil and asking where is the right price for oil. Chart book available to registered listenered. 

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Erik Townsend and Patrick Ceresna welcome Keith McCullough to MacroVoices. Erik and Keith discuss:

• How the investment landscape has evolved?
• Marginal rates of change in growth and inflation
• Why are deflationary pressures on the horizon? 
• Global economic landscape
• Staying ahead of the curve with the study of rates of change
• U.S. real GDP and CPI forecasts
• Key macro themes into the year-end
• Closer look at the underlying drivers going into 2019
• Are companies likely to experience a margin squeeze
• Trouble for China in 2019

TD/TMX Options Education Day - Free to attend - November 21, 2018

BONUS: Beyond Blockchain, The Death of the Dollar and the Rise of Digital Currency - Chapter 1 Preview

by Erik Townsend

The cryptocurrency trend of the past few years has continued to grow despite widespread predictions that it would just be a flash in the pan. Blockchain is suddenly everyone's favorite buzzword. But what if there's more to this story than meets the eye? What if Digital Currency is about to change the world in ways beyond our imagination? And what if geopolitical forces our politicians don't even understand have already inspired China and Russia to use Digital Currency to attack the U.S. Dollar's dominance over the global financial system?

Erik covers these subjects and more in his recently published book.Listen to a preview of Chapter 1 here.

For more information and to order the paperback, Kindle, or audiobook Click Here

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Erik Townsend and Patrick Ceresna welcome Pippa Malmgren to MacroVoices. Erik and Pippa discuss:

• Opportunities on drone technology
• The leaders in unmanned aerial vehicles
• Data privacy in the firmware
• Drones and risks in being used for terrorism
• Leadership and the new paradigms
• Speed of technological change and government
• Situational awareness

MacroVoices LIVE - VANCOUVER 2019 - Early Bird Special Available Now

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SPECIAL POST GAME GUEST- Marin Katusa - Katusa Research 

• Is the gold breakout for real?
• Update on Mohammed bin Salman and Saudi Arabia

Information about the Silver & Gold Summit in San Francisco October 28-29, 2018 - 30%off promo code: MACRO

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

• Drivers of the recessions over the last 30 years
• Perspectives on Lehman Brothers failure
• M4 Money Supply as the broadest measure
• Dangers in quantitative tightening
• Commercial banks drive money supply
• Stabilizing the U.S. Dollar Euro rate
• Understanding past hyperinflation
• Perspective on Venezuela's hyperinflation 

Information about the Silver & Gold Summit in San Francisco October 28-29, 2018 - 30%off promo code: MACRO

Chart Book for this week's episode

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SPECIAL POST GAME GUEST- CHARLIE MCELLIGOTT - UPDATE ON THE EQUITY MARKETS

Discussing the market selloff and the drivers for the next move in the S&P500 .  

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SPECIAL POST GAME GUEST- Julian Brigden: Update on the Breakout on Yields

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Erik Townsend and Patrick Ceresna welcome Keith Dicker to MacroVoices. Erik and Keith discuss:

• Understanding the government bond bubble
• Can equities rally during a bond route?
• Rethinking bonds and portfolio allocations
• Artificially suppressed interest rates
• Has the bear market in bonds started?
• Growth in the sovereign debt markets
• Impact of higher rates on governments
• Outlook on equities and the gold

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Information about the Silver & Gold Summit in San Francisco October 28-29, 2018 - 30%off promo code: MACRO

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Erik Townsend and Patrick Ceresna welcome Art Berman back to MacroVoices. Erik and Art discuss:

• Comparative inventory on oil
• Inventory correlation to price
• Price cycles and the oil-price yield curve
• Impact of U.S. exporting oil
• Trends in tight oil rig counts
• Managed money unwinding net long positions
• Distillate and gasoline inventories
• Why is backwardation collapsing on WTI
• Sensitivities to supply concerns
• Discrepancies between IEA and OPEC forecasts
• Where are oil prices going in 2019?

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Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. Erik and Charlie discuss:

• Curve steepener as a recession signal
• Dollar, real rates and inflation expectations impact on S&P500
• Gauging tighter financial conditions
• Chinese credit/financing impulse
• Late cycle behavior from autos and homebuilders
• Fearing the inversion or the steepener on the yield curve?
• Nabe wage surveys, unemployment and recessions
• Hedge fund underperformance and the performance chase

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

• Why uranium and why now?
• Political and geopolitical considerations
• Understanding the royalty and streaming business
• Uranium royalties
• Private placements in a streaming model
• Understanding warrants on resource companies
• Focusing on companies that are acquisition targets

Information about Marin Katusa's Premium Research 

MacroVoices LIVE Toronto 2018 - Trailer for Video Access

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Erik Townsend and Patrick Ceresna welcome Danielle DiMartino Booth to MacroVoices. Erik and Danielle discuss:

• Jay Powell as the new Fed Chair
• Jackson Hole – Draghi and Kuroda absence
• Jackson Hole – How did Powell do?
• Impacts from the trade war
• Should markets be concerned about QT
• Impact of the rising dollar on Fed policy
• Where is the economy headed?
• Inflation expectations moving forward
• Economic outlook in Europe and China
• What is the trade into the year end?

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