Welcome to Macro Voices

Erik Townsend welcomes Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss:

• Understanding Eurodollars and the Eurodollar shortage
• The real drivers of the US Dollar bull market
• The flaws in the reflation trade narrative
• Looking at the swap spreads turning positive
• Inflation outlook
• Connection between Eurodollars and gold
• TIC US Banking Data – Caribbean, Europe, Asia
• Impact of QE on Eurodollars
• China and PBOC considerations
• Absolute improvement vs. relative

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Jeff 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.

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Erik Townsend welcomes Professor Russell Napier to MacroVoices. Erik and Russell discuss:

• Is the U.S. Dollar bull market over?  
• Secular treasury bond bull market
• The coming pension crisis
• Inflation expectations
• Outlook for precious metals
• European exit contagion

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Erik Townsend welcomes Dr. Lacy Hunt to MacroVoices. Erik and Lacy discuss:

• Are the secular lows in interest rates in?
• Minsky vs. Kindelberger
• Is the U.S. “Turning Japanese”?
• Impact of demographics

• Negative interest rates
• Fed hiking into deteriorating economy
• Dollar viability as reserve currency
• European sovereign debt

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Erik Townsend welcomes Steve Keen to MacroVoices. Erik and Steve discuss:

• Insights into the French elections
• The next move in the US Dollar
• Is the bond bull market over?
• Considerations on the levels of private debt
• Geopolitics of North Korea and Syria
• The economics of China’s debt crisis
• Can we avoid another financial crisis
• Are we at the next Minsky moment?
• Housing bubbles in Canada and Australia
• Considerations for the U.S. housing market 

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Erik Townsend welcomes Martin Armstrong to MacroVoices. Erik and Martin discuss:

• Views on the U.S. Dollar
• The future of the European Union
• Bullish case for U.S. stocks
• Considerations for international money flows
• Future interest rate trends
• Looking at government debt
• Geopolitics of North Korea and Syria
• Considerations on China and the debt crisis

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Erik Townsend welcomes Danielle DiMartino Booth to MacroVoices. Erik and Danielle discuss:

• Looking at the Fed from the inside
• Shadow Banking System
• Reflecting on the Global Financial Crisis
• The culture at the Reserve Banks
• What should be done with the Fed?
• Can interest rates ever be normalized?
• Considerations on the Underfunded Pensions
• What needs to happen next? 

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Erik Townsend welcomes Lance Roberts to MacroVoices. Erik and Lance discuss:

• Liquidity Driven Markets
• Fed Balance Sheet Driving Asset Prices
• Margin Debt Net Credit Balance
• Margin Debt as a % of Real GDP
• Total Liabilities & Equity /GVA
• Total System Leverage
• The Economic Deficit
• Peaks in Real Profit Margins

If you want the download but have yet to register, here’s what to do: First, click on the red “Subscribe for free” button on the top right side of the home page, Then, near the bottom of the next screen, click “Register my free MacroVoices account”. Once you’re registered and logged in, click “Research Library” on the black menu bar at the top of the screen, then choose “Guest Publications”. You’ll see the download link near the top of the list, and you can also download guest presentations from any prior episode from this page. Going forward, you’ll automatically receive our Research Roundup e-mail when each show comes out, and it will include a convenient download link for any materials associated with that week’s interview.

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Erik Townsend welcomes Juliette Declercq to MacroVoices. Erik and Juliette discuss:

• US Dollar, 10-year UST and the FOMC
• Red string of fate ties U.S. to China
• Perspective on the FOMC policy
• Perspectives on the business cycle
• Where is the ISM heading next
• Impact on Trump’s tax and infrastructure spending
• Surprises for the French election

If you want the download but have yet to register, here’s what to do: First, click on the red “Subscribe for free” button on the top right side of the home page, Then, near the bottom of the next screen, click “Register my free MacroVoices account”. Once you’re registered and logged in, click “Research Library” on the black menu bar at the top of the screen, then choose “Guest Publications”. You’ll see the download link near the top of the list, and you can also download guest presentations from any prior episode from this page. Going forward, you’ll automatically receive our Research Roundup e-mail when each show comes out, and it will include a convenient download link for any materials associated with that week’s interview.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (25.37 MB) . | Download the podcast transcript:   pdf Here (527 KB)

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Erik Townsend welcomes Julian Brigden to MacroVoices. Erik and Julian discuss:

• U.S. Dollar impact on the U.S. shale bubble
• Peak acceleration in ISM manufacturing
• Headline inflation peaking
• Fed tightening going to start to impact data
• Bond shorting opportunity is over
• Risks to the reflationary trades
• Wage trends in the U.S.
• Perspective on European growth and inflation
• Relative pricing between U.S. and European bunds

If you want the download but have yet to register, here’s what to do: First, click on the red “Subscribe for free” button on the top right side of the home page, Then, near the bottom of the next screen, click “Register my free MacroVoices account”. Once you’re registered and logged in, click “Research Library” on the black menu bar at the top of the screen, then choose “Guest Publications”. You’ll see the download link near the top of the list, and you can also download guest presentations from any prior episode from this page. Going forward, you’ll automatically receive our Research Roundup e-mail when each show comes out, and it will include a convenient download link for any materials associated with that week’s interview.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (30.84 MB) . | Download the podcast transcript:   pdf Here (555 KB)

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Erik Townsend welcomes Jeffrey Christian to MacroVoices. Erik and Jeff discuss:

• Outlook on the US Dollar
• Secular bullish call on gold
• Outlook on silver
• Current demand for physical gold
• Platinum and palladium
• Current fundamentals on lithium
• Macro outlook on the economy and stock markets
• Views on the European Union
• Outlook for China and Russia

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (32.97 MB) . | Download the podcast transcript:   pdf Here (545 KB)

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