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Erik Townsend and Patrick Ceresna welcome Tian Yang to MacroVoices. Erik and Tian discuss:

  • Economic and liquidity leading indicators
  • Growth slowdown and risks of a recession
  • US/China trade war and its implications on the markets
  • Translating economic signals into market decisions
  • Impacts of Europe/ECB on global market system
  • Tail hedges and the risks in the market
  • Perspectives on global dollar shortage and the repo market
  • Possibilities of QE in Q4
  • Recent divergence in value and growth
  • Outlook on emerging markets

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Tian will refer to it throughout the interview. If you are already registered at, 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).

Download the podcast transcript: [Click Here]

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Tian Yang

Tian Yang is Head of Research at Variant Perception, a macroeconomic research group focusing on using proprietary leading indicators to generate actionable investment ideas.  Prior to joining Variant Perception in 2014, Tian worked as an equity derivatives trader for Bank of America Merrill Lynch, where he was jointly responsible for building out the delta one global index business. Tian attended Cambridge University, where he graduated in the top 2% of his cohort with a BA in Economics.  

As the President and Chief Executive Officer, a director and a founder of Uranium Energy Corp (UEC: NYSE American), Amir Adnani advanced the Company from concept to U.S. production in its first five years, and has developed an extensive pipeline of low-cost, near-term production projects. 


Amir Adnani - President and CEO, Uranium Energy Corp

Mr. Adnani is also the founder and Chairman of GoldMining Inc. (GOLD: TSX; GLDLF: OTCQX), a gold-resources acquisition and development company that has grown to control a sizeable portfolio of gold projects across the Americas.  By background, he is an entrepreneur, and earlier started and expanded two private companies.

Mr. Adnani is frequently invited to speak at prominent industry gatherings, including the Milken Institute Global Conference, the International Economic Forum of the Americas, the World Nuclear Fuel Market and the International Atomic Energy Agency (IAEA).  He is often interviewed by major business media outlets including The Wall Street Journal, Bloomberg, CNBC and Fox Business News.

Mr. Adnani is selected as one of “Mining’s Future Leaders” by Mining Journal, a UK-based global industry publication. Fortune magazine has distinguished him on their 40 Under 40, ‘Ones to Watch’ list of North American executives. He was earlier a finalist for Ernst & Young’s ‘Entrepreneur of the Year’ distinction.  Mr. Adnani holds a Bachelor of Science degree from the University of British Columbia and is a director of the university’s Alumni Association.