About Erik Townsend

hedge fund manager Erik Townsend

Erik Townsend is a retired software entrepreneur turned hedge fund manager. Throughout his career, Erik has capitalized on his ability to understand complex systems and anticipate paradigm shifts far in advance of the mainstream. Read More...

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Erik Townsend and Patrick Ceresna welcome Harley Bassman to MacroVoices. Erik and Harley discuss:

  • What’s needed to hedge against rising interest rates
  • “Financial Tsunami” and what that would mean for the markets
  • Reasons behind Harley’s new project with Simplify
  • The new ETF, PFIX– who is it for?  
  • How rising interest rates will cause systemic risks in the market
  • How PFIX  can protect portfolio  
  • Perspectives on inflation

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Harley 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).

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

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Erik Townsend and Patrick Ceresna welcome Dylan Grice to MacroVoices. Erik and Dylan discuss:

  • Inflation vs. Deflation
  • US 10yr Yield outlook
  • Reasons why there is potential for a big rally in crude oil
  • Perspectives on oil and transitioning into EV
  • Portfolio composition to play inflation
  • Asymmetric trade opportunities
  • ECB and the Fed – where are they headed?
  • Risks of central banks intertwining with politics

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 Charlie McElligott to MacroVoices. Erik and Charlie discuss:

  • Deflation vs. Inflation
  • Can US Treasury 10yr Yields  press 2%?
  • Sentiment and vol factors and thematic reversal risk
  • Nomura Vol control model anticipates potential “buy flows”
  • Thematic & Factor risk premia performance trends
  • SPX/SPY Consolidated $Gamma/$Delta

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Charlie 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).

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

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

  • General outlook on oil
  • Factors causing continuous decline in production
  • Why should we not expect increases in price?
  • OPEC spare capacity vs Brent price
  • Reasons to expect demand to return to pre-pandemic levels by end of 2021
  • Price outlook for the rest of 2021
  • Increase in price vs. rig count
  • Impact of electrification on oil

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Art 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).

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

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Erik Townsend and Patrick Ceresna welcome Jeff Snider to MacroVoices. Erik and Jeff discuss:

  • Why deflation?
  • Was it really a historic sell-off in bond market?
  • Why the government wants inflation
  • US Treasury yield curve vs. Eurodollar yield curve
  • Will the Fed stick to the zero lower bound for the foreseeable future?
  • Definition of reflation vs. recovery
  • Underwhelming current reflationary sell-off
  • Inflation expectations in the TIPS market

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Jeff 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).

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

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Erik Townsend and Patrick Ceresna welcome Jesse Felder to MacroVoices. Erik and Jesse discuss:

  • Inflation outlook and its main drivers
  • S&P500 index and margin debt to GDP analysis
  • Potential peak in earnings growth ahead
  • Corporate profit margins vs. Labor share
  • Stocks vs. Interest rates, Interest Rates vs. Financial Instability
  • Gold and crypto currency
  • How value investing works in overpriced asset conditions

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Jesse 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).

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

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Erik Townsend and Patrick Ceresna welcome Steven Van Metre to MacroVoices. Erik and Steven discuss:

  • Why deflation, why not inflation?
  • QE – how it really works
  • Why is the current MMT inspired stimulus not inflationary?
  • Reasons why there is a need for existing bank reserves for QE
  • What will the next stimulus bring?  
  • What is a liquidity trap and why we’re headed towards it
  • Implications of liquidity trap and how to resolve it
  • Outlook on bond yields

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Steven 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).

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

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Erik Townsend and Patrick Ceresna welcome Robert Friedland to MacroVoices. Erik and Robert discuss:

  • How investors should think about decarbonization
  • Green Revolution – is there an investment in build out of a new electric grid?
  • What to invest in to benefit from the electrification of the global economy
  • EV and advancement in batteries – is nickel unavoidable?
  • How investors should look at advancement in battery technology
  • Perspectives on commercialization of Thorium reactors
  • The technology needed in order to deliver safe and unlimited electric energy 

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.

male silhouette.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. 
 
 
 

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

  • Is secular inflation upon us?
  • What to make of the rise in long-term bond yields?
  • Are higher yields threatening an equity bear market?
  • Ongoing sector rotation between cyclicals/value and growth sectors
  • What should the FED do next?
  • Outlook on dollar and gold

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).

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

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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