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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mark imageErik Townsend welcomes Mark Cudmore to MacroVoices. Erik and Mark discuss:

  • Outlook for the US dollar for 2018
  • Are rate differentials going to impact the dollar move?
  • Considerations on the Yuan oil contract
  • Is the bond bull market over?
  • Low inflation vs. stagnation
  • Is the oil rally sustainable?
  • Outlook on the commodity markets
  • Considerations on the equity markets
  • Perspectives on China’s economy
  • Will the European Union survive?
  • Outlook for the Euro currency
  • Bullish emerging markets and currencies

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JoshSteinerHeadshotErik Townsend welcomes Josh Steiner to MacroVoices. Erik and Josh discuss:

  • Macro drivers of the Canadian and Australian real estate markets
  • Canada’s "Minsky Moment"
  • Turning up the heat with policies
  • Impact on Canadian Banks
  • Australian one-cylinder economy
  • Perspective on the Australian construction boom
  • Negative gearing in Australia and home equity withdrawal
  • Considerations on U.S. real estate
  • There is still room to run in the U.S. markets

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Josh 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, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.


Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (66.64 MB) | Download the podcast transcript:   pdf Here (400 KB)

YuskoSniderGromenfinalMacroVoices and Erik Townsend welcome Jeffrey Snider, Mark Yusko and Luke Gromen to the show.  In Part 5 of the 5 Part Series, the panel discuss the possible outcomes:

  • What sign posts for the big change?
  • Potential triggers for a lower U.S. dollar
  • Can structural changes be implemented
  • Which investment assets will work the best?
  • Which investment assets will work the worst?
  • Considerations on investment portfolios

We strongly recommend that you download the chart book that accompanies this interview, as they 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, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.


Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (69.81 MB) | Download the podcast transcript:   pdf Here (584 KB)

YuskoSniderGromenfinalMacroVoices and Erik Townsend welcome Jeffrey Snider, Mark Yusko and Luke Gromen to the show.  In Part 4 of the 5 Part Series, Mark Yusko and Luke Gromen present:

  • Gold as a Reserve Asset
  • Gold/Oil Ratio
  • Bypassing the US Dollar
  • Dollar shortage caused by oil price
  • Deficits starting to matter
  • U.S. losing its status as a hegemonic power
  • Logistics in replacing the U.S. System
  • How does the end of Dollar Hegemony occur?

We strongly recommend that you download the chart book that accompanies this interview, as they 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, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.


Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (64.78 MB) . | Download the podcast transcript:   pdf Here (736 KB)

YuskoSniderGromenfinalErik Townsend welcomes Jeffrey Snider, Mark Yusko and Luke Gromen to MacroVoices. In part 3 of the 5 part series, Mark Yusko and Luke Gromen present: 

  • U.S. Dollar Cyclical Pattern
  • Looking at the Dollar Technicals
  • Is there room for one more rally?
  • Gold and the Oil for Yuan Plan
  • Impacts to Emerging Markets
  • Demographics, Deflation and Lower Rates
  • Welcome to Multi-Polar FX World
  • China and Russia’s end-game strategy

We strongly recommend that you download the chart book that accompanies this interview, as they 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, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.


Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (51.88 MB) | Download the podcast transcript:   pdf Here (708 KB)

YuskoSniderGromenfinalErik Townsend welcomes Jeffrey Snider, Mark Yusko and Luke Gromen to MacroVoices. In part 2 of the 5 part series, Jeffrey Snider presents:

  • The post 2007 U.S. Dollar shortage
  • How does the dollar scarcity play out?
  • Problems facing China at the moment
  • Considerations on China’s gold buying
  • Is a RMB crypto currency possible?
  • Do American politicians even know there is a problem?
  • Dollar short squeeze not a U.S. Dollar bull
  • Global De-dollarization

We strongly recommend that you download the chart book that accompanies this interview, as they 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, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.


Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (57.16 MB) . | Download the podcast transcript:   pdf Here (698 KB)

YuskoSniderGromenfinalErik Townsend welcomes Jeffrey Snider, Mark Yusko and Luke Gromen to MacroVoices. In part 1 of the 5 part series, Jeffrey Snider presents:

  • Overview of the big picture story
  • Perspectives on where we are today
  • Bulls vs. Bears (nobody wins)
  • Bank of Russia operations in FX repo auctions
  • Brazilian Real and the US dollar funding
  • China’s management of the US dollar
  • The evolving Chinese response

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Juliette 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, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.


Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (61.71 MB) | Download the podcast transcript:   pdf Here (709 KB)

PROFESSOR STEVE KEEN headshotErik Townsend welcomes Prof. Steve Keen to MacroVoices. Erik and Steve discuss:

  • Reflecting on the 2008 crisis
  • What is going to go wrong with the current credit cycle
  • False narratives around QE and bank reserves
  • Where is the risk to correction in asset pricing?
  • Walking dead of debt and the zombies to be
  • Considerations on Japan, Canada and China
  • How long does this debt cycle last?
  • Will the next crisis be more wide spread?

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Steve 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, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.


Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (71.11 MB) | Download the podcast transcript:   pdf Here (628 KB)

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

  • US Economy Late in the Cycle
  • China’s Macro Landscape
  • Where is Inflation Heading?
  • Caution on equities 2018
  • Direction for 10year Bonds
  • The US Yield Curve and Potential Recession
  • When has the Fed gone too far?
  • Changing of the guard at the FED
  • USD bearish outlook

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Juliette 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, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.


Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (64.20 MB) | Download the podcast transcript:   pdf Here (375 KB)

Marin Katusa OfficeErik Townsend welcomes Marin Katusa to MacroVoices. Erik and Marin discuss:

  • Saudi Arabia Politics
  • The power shift in the Middle East
  • Petrodollar and the Yuan oil contract
  • Considerations on American oil
  • Understanding the OPEC and Russia relationship
  • Saudi Aramco IPO
  • Future of electric vehicle market
  • The outlook on uranium
  • Understanding global uranium enrichment
  • Future of Russia and Vladimir Putin

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (67.44 MB) | Download the podcast transcript:   pdf Here (635 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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