About Erik Townsend

hedge fund manager Erik Townsend

Erik Townsend is a retired software entrepreneur turned hedge fund manager. Throughout his career, Erik has capitalized on his ability to understand complex systems and anticipate paradigm shifts far in advance of the mainstream. Read More...

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Joseph Wang

Erik Townsend and Patrick Ceresna welcome Joseph Wang to MacroVoices. Erik and Joseph discuss:

  • This week’s FOMC meeting
  • Is it time for Volcker style aggressive hiking cycle?
  • What options are available to the Fed?
  • QT cycle – takeaways from the past and what to expect moving forward
  • Weakness in equity markets
  • Will the Fed stay on course this time?
  • Mortgage-backed securities

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).

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Lakshman Achuthan

Erik Townsend and Patrick Ceresna welcome Lakshman Achuthan to MacroVoices. Erik and Lakshman discuss:

  • Upcoming policy mistake
  • Inflation risks – what is the issue with inflation?
  • Tightening monetary policy in this current environment
  • Window of economic vulnerability
  • ESG and energy costs amidst the war cycle backdrop
  • Outlook on equities and bonds
  • Rise of commodities and what’s going on with gold  

Download the podcast transcript: [Click Here]

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

Click here to register or login for access to supporting materials.

 

Dr. Pippa Malmgren

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

  • Legitimacy of Russia’s concerns
  • Perspectives on Glen Greenwald’s views on Ukraine/Russia situation
  • “Dead Man’s Switch”
  • Is there a nuclear threat?
  • Russia’s presence in Asia
  • What can aid in de-escalation of the current Ukraine/Russia relations
  • WWIII may result in an economic boom

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).

Click here to register or login for access to supporting materials.

Charlie McElligott

Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. Erik and Charlie discuss:

  • Key takeaways from previous tightening cycles
  • Secular vs. transitory inflation
  • Aftermaths of hiking cycles of the past
  • Impacts of COVID pandemic effects on the market
  • Ukraine/Russia relations – downside left tail or right tail risk?
  • Outlook for second half of 2022
  • How to interpret lack of liquidity in 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).

Click here to register or login for access to supporting materials.

Jim Bianco

Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. Erik and Jim discuss:

  • Credit market reaction to inflation
  • Employment: friction between returning to office vs. WFH
  • What’s going on with the Fed
  • How to know if inflation is transitory
  • MMT influence on politics and policies
  • DeFi and tokenization of financial assets

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).

Click here to register or login for access to supporting materials.

Alex Gurevich

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

  • Is the bond bull market over?
  • US Dollar outlook
  • Effects of tightening cycle
  • Fed’s excess stimulus and inflation
  • Gold & precious metals outlook
  • Perspectives on bond markets

Get your copy of The Trades of March 2020: A Shield Against Uncertainty

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).

Click here to register or login for access to supporting materials.

Izabella Kaminska

Erik Townsend and Patrick Ceresna welcome Izabella Kaminska to MacroVoices. Erik and Izabella discuss:

  • Shifting into endemic phase – what that means for the economy
  • Is this inflation transitory?
  • Supply chain – shortage in semi conductors
  • Instability in Ukraine/Russia relations
  • What the current economic situation means for investors
  • CBDC in China – will other governments adopt?
  • UBER and Airbnb business model
  • What happens next in recovery for consumers

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).

Click here to register or login for access to supporting materials.

Ronald Stoeferle

Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle to MacroVoices. Erik and Ronald discuss:

  • Return of volatility
  • Is recession upon us?
  • Price of gold
  • Rate hike cycle and inflation
  • Velocity of money and inflation expectations
  • Relationship between gold and crypto
  • Performance of mining shares
  • General market outlook

Download the podcast transcript: [Click Here]

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

Click here to register or login for access to supporting materials.

Viktor Shvets

Erik Townsend and Patrick Ceresna welcome Viktor Shvets to MacroVoices. Erik and Viktor discuss:

  • The inflation pendulum
  • Monetary policy and its relationship to the stock market
  • Negative interest rates and gold
  • Will the Fed tighten or ease?
  • Post Covid geopolitics between US/China/Russia
  • What’s priced wrong and where are investment opportunities?
  • How to invest during the re-opening of the economy

*Please note that the market wrap commentary was recorded mid-session with the S&P still up on the day, before the late-day crash to new lows*

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).

Click here to register or login for access to supporting materials.

Darius Dale

Erik Townsend and guest host Kevin Muir welcome Darius Dale to MacroVoices. Erik and Darius discuss:

  • Deflation or inflation?
  • Omicron effects on the markets
  • How will recovery impact asset prices post-pandemic? 
  • End of stimulus and what that means for the markets
  • Fed is late to tighten – where does this go next?
  • Impending secular inflation vs. 1970’s inflation
  • Outlook on gold and precious metals
  • Quantifying potential downside in the stock market

Download the podcast transcript: [Click Here]

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

Click here to register or login for access to supporting materials.

MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Patrick Ceresna shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.

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