Welcome to Macro Voices

Erik Townsend and guest co-host Kevin Muir welcome Mike Alkin & Guy Keller to MacroVoices. Erik, Mike and Guy discuss:

• Future of nuclear power industry
• How big is the Uranium mining industry post-Fukushima
• Collapse of market capitalization of Uranium mining
• How Uranium market works
• Investment opportunities in Uranium market

Download the podcast transcript: [Click Here]

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

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Uranium Climbing the Wall of Worry Price is Everything - Sachem Cove

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

• Perspectives on recent Presidential debate
• Supreme court legal precedent
• Doespolitical uncertainty in the U.S. create an opportunity for China?
• Accuracy of polls and how investors should consider them

• Possible outcomes and what that would mean for the markets
• Possibility of Donald Trump launching a news network

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and this week's guest host Kevin Muir 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.

Yield Curve Steepening - The MacroTourist Chartbook 

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

• Update on Art’s 2020 U.S.oil production narrative
• How big of a decline in production should we expect?
• Supply in demand imbalance – where is oil price headed from here?
• What investors should look for in anticipation of resumption of normal demand
• What level of demand to expect post-crisis?
• Decreasing price sensitivity to changes in comparative inventory 
• Will we ever get back to pre-crisis consumption levels?

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).

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

MACROVOICES OCT 1 2020 

BigPicture Trading Chart Book October 1 2020

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Erik Townsend and Patrick Ceresna welcome Alex Gurevich to MacroVoices. Erik and Alex discuss:

• Is the bond bull market finally coming to an end?
• Possibility of negative rates
• Secular shift from disinflation toward inflation
• US dollar outlook – beginning of a secular decline?
• Perspectives on gold and equity markets
• Impact of monetary policy on liquidity

Download the podcast transcript: [Click Here]

SPECIAL POST GAME GUEST- Jim Bianco

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HonTe Chart - MacroVoices Sep2020 

Bianco Research Presentation 09 21 2020 

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

• Prognosis on the U.S. Presidential Election
• Why the Republicans have not yet folded on the next relief package?
• Vicious circle from lower confidence to higher unemployment
• What would a contested election mean for the markets?
• U.S. dollar outlook
• Possibility of U.S. Real Yields to collapse

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).

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

JDI Research Charts - Macrovoices Sept 2020

BigPicture Trading Chart Book September 17 2020 

Erik Townsend and Patrick Ceresna welcome Mike Green to MacroVoices. Erik and Mike discuss:

• Active vs passive investing dynamics
• Is QE what’s driving the stock market and how does MMT fit in
• Will MMT bring runaway inflation and what are the implications?
• Is the bond bull market coming to an end?
• What investors should look out for during a period of hyperinflation
• Outlook on gold
• Potential risks and threats of U.S. dollar losing its reserve currency status
• Perspectives on digital currency 

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.

Logica Capital - Active to Passive for Macrovoices 

The Grant Williams Podcast - The End Game Ep.3 with Mike Green 

Sharpening The Arithmetic of Active Management - Lasse Pedersen 

The Arithmetic of Active Management - Bill Sharpe 

BigPicture Trading Chart Book September 10 2020

Erik Townsend and Patrick Ceresna welcome Luke Gromen to MacroVoices. Erik and Luke discuss:

• Is this the beginning of the big move down for the US dollar?
• Why the US will have to what Luke calls “print the mostest” in the dollar endgame
• What does “printing the most” entail?
• What is the catalyst that would bring a secular decline of the dollar?
• US fiscal condition – accelerate borrowing and spending, where are we headed from here?
• Perspective on the soaring S&P500, what does this mean?
• Outlook on Gold
• Perspectives on how the US Presidential election outcome will impact the markets

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.

Macro and Market Perspectives August 2019 - BlackRock Investment Institute

BigPicture Trading Chart Book September 3 2020

Join Erik on Swan Signal Live on Wednesday September 9th at 2:00pm ET 

Erik Townsend and Patrick Ceresna welcome Brent Johnson to MacroVoices. Erik and Brent discuss:

• What is next for the U.S. Dollar?

• Will the change in monetary system provide a viable alternative to the dollar?
• S&P 500 breaking out to the upside – what comes next?
• Soaring stock market – is this driven by central banks buying stocks using cash from QE?
• Outlook on gold and commodities
• Can U.S. Treasuries see negative yields?

• Perspectives on the upcoming U.S. Presidential election

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book 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.

Brent Johnson Chartbook - MacroVoices 08 27 2020

BigPicture Trading Chart Book August 27 2020 

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

• New all-time highs in the stock market despite the pandemic – what does this mean?
• Jesse’s perspectives on Mike Green’s thesis about passive investment strategy
• Is the retail mania driven by the Fed?
• Perspectives on stock split and still rising TSLA
• Is the bond market the key to stop the Fed’s frivolous money printing
• Is this the beginning of the end for US dollar?
• Outlook on Gold

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).

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

BigPicture Trading Chart Book August 20 2020 

Erik Townsend and Patrick Ceresna welcome Vincent Deluard to MacroVoices. Erik and Vincent discuss:

• Shortcomings of 60/40 portfolio and its implications
• Why secular inflation is on the horizon and what would it look like?
• Generational gap in wealth – what policies will bridge that gap?
• U.S. Dollar – is this the beginning of the end?
• Outlook on European economy and markets
• Why inflation still hasn’t happened
• Perspectives on gold and precious metals 

Download the podcast transcript: [Click Here]

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

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

A Decade of Negative Real Returns - Chartbook

Fighting Against Maths: The Nuclear Winter of the 60/40 Portfolio

The 800-pound Gorilla in the Room: (Hyper?)-Inflation 

Not Ok, Boomer! A Manifesto for a Generational Revolution - Global Macro Report 04 2020

The Bull Market Cult is Killing the Economy

BigPicture Trading Chart Book August 13 2020