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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Welcome to Macro Voices

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

  • Why we should expect a credit crisis
  • What countries will be affected by the systemic banking crisis and what are its potential risks
  • What to expect for international capital flows 
  • MMT and “helicopter money”- will it lead to inflation or deflation? 
  • US duration risk – be prepared for the rules to change
  • Implications and ramifications of helicopter money
  • Negative interest rates - what to expect 
  • Outlook on gold
  • How to prepare for runaway inflation
  • Perspectives on US/China trade war 

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 postgame. 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 for access to supporting materials.

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All-Star Louis-Vincent Gave and Erik discuss:

  • The “melt-up” has been driven by five primary macro drivers. All of them will come under pressure in 2020
  • Why Warren Buffet’s underperformance in 2019 is an important market signal
  • Where Louis will invest the chips he takes off the table from the stock market at record highs

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Erik Townsend and Patrick Ceresna welcome Grant Williams to MacroVoices. Erik and Grant discuss:

  • Civil unrest and global social degradation
  • Is inflation the key to the global geopolitical situation?
  • Unicorn companies – collapse of WeWork, is Tesla next?
  • Will MMT eventually lead to runaway inflation and what are its implications
  • Recent rise in gold – is it time to change strategies?

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 postgame. 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).

Big Picture Trading Chart Book January 16 2020 

VIDEO: Grant Williams, Marin Katusa, Brent Johnson, Patrick Ceresna, Cal Everett - Big Gold Panel - Silver & Gold Summit 2019 

VRIC 2020 Keynote Presentation by Patrick Ceresna - Promo Code : MACRO100

VRIC Vancouver Resource Investment Conference 2020  

Katusa Research Special Offer: 42% off Marin Katusa's Natural Resource Investing Newsletter 

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All-Star Jeff Snider and Erik discuss:

  • “Not QE”, Repo Bailouts & more: Where does it end and why is it necessary to start with?
  • Reconciling improved unemployment reports with Jeff’s criticisms of CB policy
  • Distinguishing R* from true Economic Potential
  • The real causes of slack in the economy and underperformance against economic potential

Supporting Materials for Download

The R-star Fallacy: There Are No Strong Dollars 

 

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

  • Outlook on gold - Is the recent breakout a false alarm?
  • How to manage market view vs. long term strategy
  • Update on Nevsun investment
  • Comparison between individual stock investing vs. GDX, GDXJ performance
  • Private placements and how it works
  • Investing in mCloud
  • Upcoming VRIC – what to expect 

Katusa Research Special Offer: 42% off Marin Katusa's Natural Resource Investing Newsletter 

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 postgame. 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 for access to supporting materials.

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All-Star Brent Johnson and Erik discuss:

  • U.S. Dollar review and outlook
  • Why Brent remains long-term bullish on stocks but thinks the market may be overbought at current levels
  • Short vs. long-term outlook for Gold

Supporting Materials for Download

MacroVoices All-Stars #87 Brent Johnson Chartbook - 01 06 2020 

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

  • Knowledge doubling curve
  • Collection and monetization of personal data 
  • Ephemeralization- what does it mean and what are its consequences?
  • Rise of E-sports : is there an investment opportunity?
  • Catalysts that will bring central bank dominance over financial markets to an end
  • Privacy and voluntary total surveillance
  • AR: Augmented Reality – how does it work and what are its implications and consequences
  • Generation Z vs. baby boomers and underfunded social security
  • Autonomous vehicles – how will it change the future?

Download the podcast transcript: [Click Here]

 

Click here to register for access to supporting materials.

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All-Star Luke Gromen and Erik discuss:

  • Luke’s prediction from November 11th: What if the Repo Spike was the “risk off event everyone was waiting for”?
  • Why Luke believes the event already happened and we’ve entered a new era of “Whatever it Takes” for the U.S. Federal Reserve
  • Luke’s outlook for stocks, bonds, precious metals and crypto

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

  • IEA’s forecast of oil glut in 2020
  • Perspectives on Mark Gordon’s thesis – age of peak oil to age of abundance
  • Unaccounted for oil
  • CoT chart – pick up in open interest, what does that mean?
  • Oil price outlook
  • Comparative inventory system 
  • Strategies for investing in oil
  • Reasons behind increasing DUC’s 

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 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 for access to supporting materials.

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All-Star Jeff Snider and Erik discuss:

  • Reviewing how we got here (datapoints from 2017 and 2018 thru 2019)
  • Another terrific chart deck
  • Jeff’s outlook for 2020

Supporting Materials for Download

It Is A Eurodollar World 2 : There Are No Strong Dollars - Jeff Snider 2019 12 23 

Anatomy of the US Dollar End Game 

Out Of The Onion Wars, Why Are There Only Losers? 

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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