Welcome to Macro Voices

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).

Supporting Materials for Download are listed below - click to open or download.

Postgame Charts

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).

Supporting Materials for Download are listed below - click to open or download.

Logica Capital Presentation

THE ILLUSION OF SKILL - THE PROBLEM OF EVALUATING HEDGE FUNDS WITH SKEWED DISTRIBUTIONS 

Big Picture Trading Chart Book September 2 2021

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]

Supporting Materials for Download are listed below - click to open or download.

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]

Supporting Materials for Download are listed below - click to open or download.

Play the Above Episode in a Pop-Up Window   |  Download the Above MP3 File

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).

SPECIAL POST GAME GUEST- Grant Williams

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ECRI Charts - MacroVoices 08 12 2021

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).

Supporting Materials for Download are listed below - click to open or download.

Santiago Capital Chartdeck - MacroVoices Aug 2021

Big Picture Trading Chart Book August 4 2021

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).

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book July 29 2021

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).

Supporting Materials for Download are listed below - click to open or download.

Macro Scouting Report for MacroVoices - 42 Macro July 2021

Big Picture Trading Chart Book July 22 2021

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).

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book July 15 2021

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).

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book July 8 2021