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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RussellNapierMacroVoicesErik Townsend and Patrick Ceresna welcome Russell Napier back to MacroVoices. Erik and Patrick discuss:

  • Where are treasury bonds heading next?
  • Foreign buyers of treasury bonds
  • How does China effect global growth?
  • Tightening of Chinese monetary policy
  • Which central bank is dictating global inflation
  • Fed policy and the trend of monetary policy
  • Outlook for developed stock markets
  • Consequences of loose monetary policy
  • Is the decade long bull market over?
  • Is the Fed out of bullets?
  • Outlook for the U.S. Dollar

Russell Napiers: A Practical History of Financial Markets Course Details

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Charles Mcelligott Headshot 250xErik Townsend and Patrick Ceresna welcome Charlie McElligott back to MacroVoices. Erik and Charlie discuss:

  • China Trade Collapse
  • Update on China Credit Impulse
  • PBoC Liquidity Operations
  • Bear market rally or continuation of bull market?
  • Fading the Fed’s economic optimism
  • Sequencing that could cause a force in on the equity markets
  • CTA Model Positioning across asset classes
  • Positioning in risk parity funds
  • Purge in equity fund flows in Q4 2018
  • Fear the steepener

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Christopher Cole Headshot 2019Erik Townsend and Patrick Ceresna welcome Chris Cole back to MacroVoices. Erik and Chris discuss:

  • Dissecting what happened in February 2018
  • Implicit and explicit short vol risk
  • Perspective on the next phase of the short vol unwind
  • Impacts of the reduction of central bank balance sheets
  • Link between volatility and the credit cycle
  • Will the Fed have the ammunition to come to rescue?
  • Perspective of the risk parity funds
  • Stock/bond correlation risk to pension funds
  • What does it take to make money long volatility?

You are strongly advised to listen to Chris Cole’s prior interview, The Alchemy of Risk before listening to this update
Click to listen to Chris Cole's interview back in Janauary 2018

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Marin Katusa OfficeErik Townsend and Patrick Ceresna welcome Marin Katusa to MacroVoices. Erik and Marin discuss:

  • Update on uranium and uranium producers
  • Outlook on oil prices
  • Opportunities in the steel industry
  • Investing in the diamond industry
  • What is happening in the resource industry?
  • How to be a successful resource investor

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YearEndShowImage2018Join Erik Townsend and Patrick Ceresna as they spend an episode reviewing the best market calls of 2018:

  • Calling the top of Bitcoin
  • Francesco Filia and Kevin Muir on the VIX ETNs
  • Chris Cole on VIX and system risks
  • Darius Dale on Chinese economy
  • Buy the dip calls in Q2
  • Russell Napier on the Emerging Markets
  • David Rosenberg on markets and corporate bonds
  • Jesse Felder on the FAANG
  • Charlie McElligott on liquidity
  • Keith McCullough on bond yields peaked

 

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DanielWantx250Erik Townsend and Patrick Ceresna welcome Daniel Want to MacroVoices. Erik and Daniel discuss:

  • Understanding system thinking
  • Perspective on the OTC derivative markets
  • Counter party risk in the derivative markets
  • System wide margin calls back in 2007-08
  • Financial aggregates – the world in perspective
  • Understanding the global financial situation
  • Market analytics tools

SPECIAL POST GAME GUEST- BRENT JOHNSON BrentJohnsonx125

  • Where is the U.S. Dollar going post FOMC
  • What is the outlook for gold
  • Where are the stock markets going next

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EdwardAltman250xErik Townsend and Patrick Ceresna welcome Prof. Edward Altman to MacroVoices. Erik and Edward discuss:

  • Credit cycle outlook
  • Length of benign credit cycles
  • Historical default rates and recessions
  • Surge in U.S. corporate leverage
  • Non-financial Corporate Debt to GDP
  • Considerations on Global Debt
  • 2007 vs 2017 Health of High Yield Firms
  • Major risks going forward

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SPECIAL POST GAME GUEST- LOUIS-VINCENT GAVE - AN IMPORTANT CROSSROADLouis Gave 125x

  • Why a Liquidity Squeeze?
  • Havoc in the US corporate bond market
  • The end of Chin-America

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JulietteDeclercqHeadshot250xErik Townsend and Patrick Ceresna welcome Juliette Declercq to MacroVoices. Erik and Juliette discuss:

  • Impact of trade war on the global economy
  • PBOC and Chinese monetary policy
  • Global growth outlook
  • U.S. Dollar and U.S. monetary policy outlook
  • Is the Powell dovish pivot a game changer?
  • What is in the cards for 2019?
  • Perspective on U.S. housing and its impact
  • Political turmoil in France and outlook on Europe

 Register your free MacroVoices account and get access to the chart book that accompanies the interview.

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JulianBrigden 250xErik Townsend and Patrick Ceresna welcome Julian Brigden back to MacroVoices. Erik and Julian discuss:

  • What is driving the bond market right now?
  • Is it all about demographics?
  • The global excesses in the equity markets
  • Are the U.S. housing markets overpriced?
  • Where is the next trade in treasuries?
  • Putting on the steepener
  • Is the stock market due for a big bubble bounce?
  • Inflation considerations in 2019
  • What is the next move for the Fed?

Register your free MacroVoices account and get access to the chart book that accompanies the interview.

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Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (68.27 MB) | Download the podcast transcript:   pdf Here (171 KB)

J ChristianErik Townsend and Patrick Ceresna welcome Jeffrey Christian to MacroVoices. Erik and Jeffrey discuss:

  • Perspective on the gold and USD price action in October
  • Outlook for gold for 2019 and beyond
  • How does silver playout relative to gold?
  • Gold:silver ratio in perspective
  • Why investment demand has dropped and is it finally bottoming?
  • Drivers on the dollar, bonds and the equity markets
  • What is the risk gold could decline during an equity bear market?
  • Intermarket relationships of gold to other assets
  • Perspective on statistics from the gold and silver markets
  • Platinum and palladium outlook

SPECIAL POST GAME GUEST- Art BermanArthur Berman x125

Art joins Erik and Patrick to discuss the current bear market in oil and asking where is the right price for oil. Chart book available to registered listenered. 

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Get embed code for this episode | For other embed code options click here | Download the  audio MP3 File (70.73 MB) | Download the podcast transcript:   pdf Here (254 KB)

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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