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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TepperErik Townsend welcomes Jonathan Tepper to MacroVoices. Erik and Jonathan discuss:

  • Excess liquidity and the impact to equities, emerging markets and commodity prices
  • Inflation risks
  • The real end game and runaway inflation
  • Comments on the 35-year secular bull market in sovereign bonds and the yield curve
  • Australia – the housing bubble in full bloom
  • Perspectives on China and Japan
  • Outlook for the U.S. Dollar
  • Variant Perception's perspective on macro analysis

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (32.00 MB) . | Download the podcast transcript:   pdf Here (543 KB)

Arthur Berman largeErik Townsend welcomes Art Berman to MacroVoices. Erik and Art discuss:

  • Catalyst for the current decline in oil
  • Lack of confidence in OPEC
  • Record levels of oil inventories
  • Comparative inventories to past years
  • World production surplus
  • Global liquids consumption growth
  • OECD incremental liquids Inventory
  • EIA U.S. crude oil forecast

We strongly recommend that you download thechart bookthat accompanies this interview. Erik and Art 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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Grant WilliamsErik Townsend welcomes Grant Williams to MacroVoices. Erik and Grant discuss:

  • The rise and drivers of populism
  • Trump and the animal spirits driving the markets
  • Trump’s stance on ISIS
  • Peak optimism
  • Is there a crisis in China?
  • Gold/copper ratio
  • Stagflation
  • U.S. dollar outlook
  • Is the 35 year bond bull market over? 

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Louis 201211Erik Townsend welcomes Louis-Vincent Gave to MacroVoices. Erik and Louis discuss:

  • China Reflation Trade
  • Is Chinese Growth Rolling Over?
  • Will Trump Get a Weaker US Dollar?
  • Brexit and the Future of the European Union
  • Philippines and Rodrigo Duterte
  • Rise of the Chinese Empire
  • India and the Indian Currency System
  • Opinions on Stocks and Bonds
  • Investment Themes for 2017
  • Risks for 2017

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (33.73 MB) . | Download the podcast transcript:   pdf Here (700 KB)

DSC06699 2Erik Townsend welcomes Jeffrey Snider to MacroVoices. Erik and Jeff discuss:

  • Understanding the Eurodollar Money Market 
  • Swap Spreads and Interbank Hierarchy
  • Dimensions in the Eurodollar Futures and Eurodollar Money Supply
  • Why does the World Need So Many Dollars?
  • How the Eurodollar market supplanted the Bretton Woods System
  • U.S. Dollar and the Dollar Funding Gap
  • Reflation Trade Debunked
  • Interest Rates Trapped
  • Failing Global Currency System

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.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (32.29 MB) . | Download the podcast transcript:    pdf Here (557 KB)

Jim Rogers largeErik Townsend welcomes Jim Rogers back to MacroVoices. Erik and Jim discuss:

  • What’s in store for the U.S. Equity Markets?
  • Outlook on the U.S. Dollar
  • Is the 35-year bond bull market over?
  • Where are junk bonds going?
  • History of government failures
  • His views on the global populist movements
  • Is there war on the horizon? 
  •  Are the Russian’s being scapegoated? 
  • Update on his views on gold
  • His views on movement to cashless society
  • Are we moving away from a free society?

Get embed code for this episode. | For other embed code options click here. | audio Download the MP3 File (31.13 MB) . | Download the podcast transcript: pdf Here (682 KB)

JSchwager Photo Barcelona FINALErik Townsend welcomes Jack Schwager to MacroVoices. Erik and Jack discuss:

  • How has futures trading evolved over the last few decades?
  • Understanding leverage – stocks vs. futures
  • Technical Analysis vs Fundamental Analysis
  • The Most Important Rule in Technical Trading
  • Understanding Continuous Futures Contacts
  • Systems Trading
  • Understanding Fundamental Analysis on Futures
  • Lessons from the Market Wizards
  • What’s new at Fundseeder

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (34.68 MB) . | Download the podcast transcript:   pdf Here (749 KB)

David Rosenberg headshot HRErik Townsend welcomes David Rosenberg to MacroVoices. Erik and David discuss:

  • How long does the Trump rally last?
  • Is inflation really a risk moving forward?  
  • When is it time to become bearish on the markets? 
  • When is it time to make your fundamental asset mix shift?
  • Fed will play an important role in how the cycle plays out
  • US dollar outlook
  • Canadian Dollar and Canadian Monetary Policy
  • Future of European Union
  • Is the 35-year bond bull market over?
  • Opportunities and Outlook for 2017 

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (25.94 MB) . | Download the podcast transcript:   pdf Here (532 KB)

Raoul Pal

Erik Townsend welcomes back Raoul Pal, co-founder of Real Vision TV back to MacroVoices.  Erik and Raoul discuss:

  • Trump impact on the U.S. Dollar
  • Is the bond bull market over and where are yields moving from here
  • Update on the business cycle (spoiler alert: it is long in the tooth)
  • Looking at the European banks and can they survive the next recession
  • The overcrowded VIX contango trade
  • The short-term direction of gold
  • The big opportunities of 2017
  • Update on crude oil
  • Junk bonds, when do the credit risk return

Get embed code for this episode. | For other embed code options click here. | audio Download the MP3 File (32.82 MB) . | Download the podcast transcript:  Here

Rick RuleErik Townsend welcomes back Rick Rule from Sprott Global to MacroVoices. Erik and Rick discuss:

  • Trump impact on precious metal prices
  • Impact of real yields, inflation, debt and the U.S. Dollar on gold prices
  • Due Diligence in making private placements in gold and silver mining companies
  • Evaluating intellectual property and physical property
  • Characteristics successful and failed endeavors
  • The risk vs. reward of speculating in pre-revenue private placements
  • How much time and capital is needed to invest in early stage startups
  • Being a contrarian, looking where the market is not paying attention

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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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