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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E 4552Color 1Erik Townsend and Aaron Chan introduce the Accredited Investor Academy Series, Part I. We’re taking this week off from our regular show format, so instead of a featured interview guest, we’re airing the first of a four-part series about learning to be a sophisticated private investor.

Erik and Aaron discuss:

  • Erik's personal journey from successful software entrepreneur to hedge fund manager
  • What it means to be an accredited investor and the associated challenges that go along with the distinction
  • Private banking and possible red flags
  • Erik's personal experience with private bankers and "exclusive" investment deals
  • The lessons learned from the implosion of this "exclusive" private banking deal that resulted in substantial loss of capital
  • Erik's subsequent reinvention into a professional investor
  • The challenges associated with transfering from software business culture to Wall Street
  • Coming in Part II: The process of re-inventing oneself from Entrepreneur to sophisticated Private Investor
  • Coming in Parts III and IV: Angel investing, Venture Capital, Private Equity LPs, & Hedge Funds

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RealVision TV red 01A conversation on January 26, 2016 between Grant Williams and James Grant, author of Grant's Interest Rate Observer.

 

 

 

 

 

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Grant WilliamsErik Townsend welcomes Grant Williams to MacroVoices. Erik and Grant discuss:

  • Grant’s experience and insights from observing Brexit outside of the UK
  • The next-steps and long-run view for the UK post-Brexit
  • The potential of the EU making an example out of the UK to prevent other countries from leaving
  • The current political void in British politics and who might step-up to fill this void
  • The precarious state of the European banking system
  • Deutsche Bank’s status as “Too Big to Fail”
  • How Brexit will spread political contagion and stoke calls for referenda in other European countries
  • The likelihood of the Fed having to ease with only 25 bps of room
  • What the dollar and gold both moving higher portends for the state of the global economy
  • The non-zero probability of war as a means of resolving unsurmountable debt burdens
  • Possible war scenarios under Trump or Clinton
  • Grant’s wonderfully-done “Crazy” presentation on RVTV

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

  • Brexit's economic consequences and possible political spillover into other European countries
  • Ditching the ivory tower in favor of working with entrepreneurs
  • The emergence of alternative currencies backed by labor and assets
  • The possibility of an energy-backed currency
  • The fundamental ingredient of trust in alternative currencies
  • The risk of entrusting private enterprise with money creation
  • Negative interest rates and fractional reserve banking
  • Fading mainstream confidence in neoclassical central bankers
  • Possible catalysts for the next financial crisis

 

 

 

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RealVision TV red 01A conversation on May 23, 2016 between Grant Williams and Simon Mikhailovich, Co-Founder of Toqueville Bullion Reserve.

 

 

 

 

 

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John LlewellynErik Townsend welcomes John Llewellyn to MacroVoices. Erik and John discuss:

  • How the Brexit vote is simply a prelude to a highly uncertain process
  • Polling accuracy and the distinct possibility of Britain exiting the EU
  • The near-term economic impacts of Brexit on the British economy including lower foreign-direct investment and trade re-negotiations
  • The broader global economic impact of a “leave” vote
  • Brexit’s impact on the U.S. Dollar and the possibility of re-igniting a Asian debt crisis
  • Potential monetary policy accommodation from the ECB
  • The implications of Brexit on global oil prices
  • Rise of European populism as a leading indicator of the U.S. political theatre

 

 

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Dr. Ben Hunt

Erik Townsend welcomes Dr. Ben Hunt to MacroVoices. Erik and Dr. Hunt discuss:

  • The U.S. Dollar as a reflection of the strategic interactions between central banks
  • China’s similarities to pre-WW1 Germany as an up-and-coming power
  • Brexit’s potential impact on the global economy
  • “Humpty Dumpty” events for the global economy including China devaluation and Euro-system fracturing
  • Price-signal inversion and market dislocation from fundamentals
  • The Fed’s slow realization of global interdependence
  • Negative interest rate money-market funds in the United States
  • How Swiss safe deposit boxes are at capacity and the war on cash
  • Gold’s role as insurance against central bankers
  • Kyle Bass’ China trade and whether you can trade Japan’s demographics
  • The potential consequences of the U.S. Presidential elections and global trade
  • Dr. Hunt’s background as a hedge fund manager and scholar
  • The inception of his popular Epsilon Theory Blog and applying game-theory to policy-driven markets

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RealVision TV red 01Hugh Hendry is interviewed by Raoul Pal for Real Vision Television on March 11th, 2016

 

 

 

 

 

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

  • Their calls made on Episode 3 of MacroVoices in February
  • Which fundamental factors have changed since then
  • The damage done to the supply of capital available to shale drillers in spite of oil rising to $50
  • Current US production levels and where they may be headed from here
  • Prices moving up in the face of dangerously high inventory levels at Cushing, OK
  • Using Comparitive Inventories to predict price movements
  • The 'funny' accounting practiced by shale drilling companies and many analysts
  • EIA price forecasts and whether or not they are accurate
  • Geopolitically driven supply disruptions and whether or not they will last
  • Middle Eastern oil production increases and alongside a shifting political picture
  • The possibility of a future where the world can't afford petroleum, and much more...

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julian brigden headshotErik Townsend welcomes Julian Brigden to MacroVoices. Erik and Julian discuss:

  • The difference between the DXY and the trade weighted broad Dollar index
  • The effect of emerging market fluctuations on the broad Dollar
  • Dollar pause or Dollar reversal?
  • The return of cyclical inflation in the US
  • Chinese capital outflows and the effect on real estate markets
  • How the Dollar story will affect precious metals
  • Emerging market equites
  • A lack of real cooperation between central banks
  • Global sovereign debt markets and what they are signaling about inflation
  • How a perfect storm of Dollar strength and a return of inflation will take away the central bank "put"
  • ...and bunches upon bunches more...

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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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