Welcome to Macro Voices

Erik Townsend and Patrick Ceresna welcome Steven Van Metre to MacroVoices. Erik and Steven discuss:

• Why deflation, why not inflation?
• QE – how it really works
• Why is the current MMT inspired stimulus not inflationary?
• Reasons why there is a need for existing bank reserves for QE
• What will the next stimulus bring?  
• What is a liquidity trap and why we’re headed towards it
• Implications of liquidity trap and how to resolve it
• Outlook on bond yields

Download the podcast transcript: [Click Here]

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

Erik Townsend and Patrick Ceresna welcome Robert Friedland to MacroVoices. Erik and Robert discuss:

• How investors should think about decarbonization
• Green Revolution – is there an investment in build out of a new electric grid?
• What to invest in to benefit from the electrification of the global economy
• EV and advancement in batteries – is nickel unavoidable?
• How investors should look at advancement in battery technology
• Perspectives on commercialization of Thorium reactors
• The technology needed in order to deliver safe and unlimited electric energy 

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.

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

• Is secular inflation upon us?
• What to make of the rise in long-term bond yields?
• Are higher yields threatening an equity bear market?
• Ongoing sector rotation between cyclicals/value and growth sectors
• What should the FED do next?
• Outlook on dollar and gold

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).

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

Play the Above Episode in a Pop-Up Window   |  Download the Above MP3 File

Erik Townsend and Patrick Ceresna welcome Diego Parrilla to MacroVoices. Erik and Diego discuss:

• Inflation vs. Deflation narrative
• Rates market – at what point will the Fed intervene?
• Negative treasury yield and what that means for equity market
• VIX on the rise – is the market topping?
• Outlook on Gold
• DXY – are we seeing a reversal on the horizon?

Download the podcast transcript: [Click Here]

SPECIAL POST GAME GUEST- Amir Adnani{f90filter RegisteredUser SHOW}

Erik Townsend and Patrick Ceresna welcome Ole Hansen to MacroVoices. Erik and Ole discuss:

• Return of a commodity bull market
• Increasing real yields vs. gold
• Green revolution – which commodity will benefit?
• Increasing demand in Copper
• Record long exposure in hedge funds – is this where the market tops?
• Why Roll Yields matter
• Green transformation and its relationship to correlations in commodities
• Crude oil – are we nearing a top?
• Outlook on agriculture, Uranium

Download the podcast transcript: [Click Here]

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

Erik Townsend and Patrick Ceresna welcome Lyn Alden to MacroVoices. Erik and Lyn discuss:

• Perspectives on mainstream deflationists adopting a new inflation view
• Limits to excessive deficit spending and fiscal stimulus
• Fiscal vs. Monetary dominance
• Macro asset allocation strategy in fiscal dominance environment
• Perspectives on the Fed’s yield control
• U.S. broad money supply vs. Japanese broad money supply
• Outlook on Gold and Bitcoin

Download the podcast transcript: [Click Here]

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

Play the Above Episode in a Pop-Up Window   |  Download the Above MP3 File

Erik Townsend and Patrick Ceresna welcome Louis-Vincent Gave to MacroVoices. Erik and Louis discuss:

• Energy prices and inflation
• What is driving the stock market to its all-time highs despite the pandemic
• Has the oil market priced in the recovery?
• Perspectives on the recent Copper rally and how far can it go?
• Will Singapore replace Hong Kong as the financial centre of Asia?
• European market outlook

Download the podcast transcript: [Click Here]

SPECIAL POST GAME GUEST : Kevin Muir - The MacroTourist

Erik Townsend and Patrick Ceresna welcome Julian Brigden to MacroVoices. Erik and Julian discuss:

• Last year’s bullish outlook - does it still stand?

• Is the current level of spending in the economy being propped up by stimulus?
• APPL, TSLA and the classic bubble
• Why would the FED allow the bond market to clear at a market rate?
• Upside risks to treasury yields
• Perspectives on impending secular inflation

• How long do we have until we have a runaway inflation problem?
• What is the right metric that would indicate when things turn bad?

Download the podcast transcript: [Click Here]

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

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

• Deflation vs. Inflation outlook
• What could contain and remedy the impending inflation?
• Investing strategies for inflation
• Coronavirus update
• Wall Street Bets –who’s behind it and what’s going on?
• Last week was GME, and now it’s Silver – will there be another squeeze?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart deck 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.