Welcome to Macro Voices

Erik Townsend welcomes Neil Howe to MacroVoices. Erik and Neil discuss:

• What is the Fourth Turning?
• Why the Fourth Turning started with GFC
• Is there another big global event on the horizon?
• Future changes in political landscape
• What to expect for the next decade?
• Impact of baby boomers retiring
• Understanding the Homelander generation
• Silent vs. Homelander generation
• Reflections on the Fourth Turning book and new consideration

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (71.57 MB) . | Download the podcast transcript:   pdf Here (669 KB)

Click to Play Now!

Erik Townsend welcomes Raoul Pal and Julian Brigden to MacroVoices. Erik, Raoul and Julian discuss:

• Views on the US Dollar
• Perspectives on equities and business cycle?
• Outlook on the bond bull market
• Will we see a new bull market in precious metals?
• Demographics and Japan
• Considerations on the coming pension crisis
• Where is oil going next?
• Parallels to the 1990’s business cycle

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (40.35 MB) . | Download the podcast transcript:    pdf Here (630 KB)

Click to Play Now!

Erik Townsend welcomes Chris Whalen to MacroVoices. Erik and Chris discuss:

• Perspectives on the U.S. dollar pullback
• Considerations on the overvalued equity markets
• Corporate debt and interest rate trends
• Outlook on bonds and levels of private debt
• Trump bump and the aftermath
• Is the secular bond bull market over
• Reflecting back on Chris’s book – Inflated
• Considerations on the coming pension crisis
• Highlights on Chris’s new book – Ford Men

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (82.13 MB) . | Download the podcast transcript:   pdf Here (758 KB)

Click to Play Now!

Erik Townsend welcomes Dr. Pippa Malmgren to MacroVoices. Erik and Pippa discuss:

• Update on European geopolitics
• What is in store for European migration
• Considerations on Turkish politics
• Geopolitics associated with the cryptocurrencies and blockchain technologies
• Future of US dollars roll as world reserve currency
• Post Donald Trump Texas economics
• Understanding the PPT (Plunge Protection Team)

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (41.79 MB) . | Download the podcast transcript:   pdf Here (764 KB)

Click to Play Now!

Erik Townsend welcomes Dr. Ben Hunt to back MacroVoices. Erik and Ben discuss:

• Sea of Change at Central Banks
• Negative impact of Fed shrinking their balance sheet
• Janet Yellen just broke up with you
• Impact on the market conditions moving forward
• Considerations on interest rate and bond trends
• Fed impact on equity markets
• Considerations for the future of the ETF market
• Flaws of the volatility ETFs
• Considerations in the Real Estate Markets

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (56.86 MB) . | Download the podcast transcript:   pdf Here (725 KB)

Click to Play Now!

Erik Townsend welcomes Tian Yang to MacroVoices. Erik and Tian discuss:

• US growth cycle long in the tooth
• US LEI’s holding up but US recession key theme
• US credit cycle has definitely rolled over
• Global liquidity also deteriorating sharply
• China is also rolling over
• Looking at global equities
• Fixed income considerations
• Consideration on the US dollar
• Looking at Europe, Japan and Australia

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Tian will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. 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, click “Research Library” and Guest Publications near the top of the page. From there you can download the PDF.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (58.71 MB) . | Download the podcast transcript:   pdf Here (766 KB)

Click to Play Now!

Erik Townsend welcomes Alex Gurevich back to MacroVoices. Erik and Alex discuss:

• Mario Draghi and ECB
• Short the Swiss Franc
• US Dollar outlook
• Trump reflation and the equity markets
• Views on secular interest rates
• Inflation trade
• Long-term sustainability of the European Union
• Outlook on China and Japan
• Canadian economy, real estate and Canadian dollar
• Consideration on the oil markets
• Precious metals outlook

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (54.25 MB) . | Download the podcast transcript:   pdf Here (542 KB)

Click to Play Now!

Erik Townsend welcomes Jesse Felder to MacroVoices. Erik and Jesse discuss:

• DeMark indicators and turning points in exhausted trends 
• Looking at current breadth indicators
• Considerations on share buybacks
• Are we at the secular turn in corporate share buybacks?
• Looking at the VIX short positioning
• Volatility targeting strategies like risk parity
• Is the market setting up for a crash or just a correction
• Demographic catalysts
• Real assets outperforming financial assets
• Can inflation runaway?
• Outlook on Precious metals

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Jesse will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. 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, click “Research Library” and Guest Publications near the top of the page. From there you can download the PDF.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (59.51 MB) . | Download the podcast transcript:   pdf Here (749 KB)

Click to Play Now!

Erik Townsend welcomes back Keith McCullough to MacroVoices. Erik and Keith discuss::

• Outlook on the US Dollar
• Is the reflation trade narrative rolling over
• Bullish outlook on the US markets and the Nasdaq
• Where are bond yields going?
• Are the secular lows in bond yields in?
• Outlook on Europe and the Euro
• Bitcoins and cryptocurrencies
• Outlook on the emerging markets
• Is there more upside in precious metals?
• Outlook on China’s debt and economy

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Keith will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. 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, click “Research Library” and Guest Publications near the top of the page. From there you can download the PDF.

Get embed code for this episode. | For other embed code options click here. | audio Download the MP3 File (58.49 MB) . | Download the podcast transcript: pdf Here (529 KB)

Click to Play Now!

Erik Townsend welcomes Axel Merk to MacroVoices. Erik and Axel discuss:

• Mario Draghi and the ECB policy
• UK Election and what is at stake
• Future of the European Union
• Perspectives on the Trump reflation trade
• U.S. Dollar, fiscal and monetary policy
• Understanding the pension crisis
• Chinese Yuan devaluation
• Future of Japanese Debt and Yen

• Outlook on gold

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (59.42 MB) . | Download the podcast transcript:   pdf Here (750 KB)

Click to Play Now!