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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MacroVoices Weekly Podcasts

MacroVoices Weekly Podcasts

Weekly market commentary by Hedge Fund Manager Erik Townsend and interviews with the brightest minds in the world of finance and macroeconomics. Made possible by funding from Fourth Turning Capital Management, LLC
  1. MacroVoices #330 Julian Brigden: Hyper-Financialization Is The New Inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome MI2 Partners founder Julian Brigden to the show. Julian was one of the first MacroVoices guests to sound the warning bell on Inflation, and now he says there’s plenty of room for both markets and the economy to get worse before they get better. https://bit.ly/3OBv9qy

     

    Download Julian's Charts 📈📉 https://bit.ly/3uCyTQX

     

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3acmCeG

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

    Please visit our website https://www.macrovoices.comto register your free account to gain access to supporting materials

  2. MacroVoices #329 Darius Dale: A Recession Is The Bull Case

    MacroVoices Erik Townsend and Patrick Ceresna welcome 42 Macro founder Darius Dale to the show. Darius says a U.S. recession is the “bull case”, and that the worst is yet to come for markets. They also discuss what’s ahead for inflation, commodities, stocks, and much more. https://bit.ly/3boYiqc

    Download 42 Macro charts here 👉 https://bit.ly/3buzrBG

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3ydQIHY

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

  3. MacroVoices #328 Dr. Anas Alhajji: There Is No Escaping The Coming Energy Crisis

    MacroVoices Erik Townsend and Patrick Ceresna welcome energy markets guru Dr. Anas Alhajji to the show to take a deep dive on energy markets – particularly oil and gas. They discuss Russia’s war campaign, OPEC+ spare capacity, Europe’s dependency on Russian natural gas and how much U.S. exports can ease that dependency, and much more. https://bit.ly/3OeUKFc

     

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3Qr8pes

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

    Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

  4. MacroVoices #327 Luke Gromen: Recession with Rising Yields is Entirely Possible

    MacroVoices Erik Townsend and Patrick Ceresna welcome Luke Gromen to the show to discuss foreign divestiture of U.S. assets, inflation, precious metals, Luke’s outlook for the USD, and much more. https://bit.ly/39l40sH

     

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3mAPyQa

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

    Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

  5. MacroVoices #326 Ronnie Stoeferle: In Gold We Trust 2022

    MacroVoices Erik Townsend and Patrick Ceresna welcome Incrementum fund manager, Ronnie Stoeferle to the show. In Gold We Trust 2022 is out, and the theme is Stagflation. They take a dive into that subject on this week’s gold-focused show. https://bit.ly/3tc23FN

     

    Ronnie's slide deck 📄 

    In Gold We Trust Report 2022

    In Gold We Trust Report 2022 - Compact Version

    IGWT 2022 Summary Video 

    IGWT 2022 Press Conference

    Big Picture Trading Chart Book June 2 2022

     

    Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

     

  6. MacroVoices #325 Tian Yang: Is it over yet? What do the data say?

    MacroVoices Erik Townsend and Patrick Ceresna welcome Variant Perception CEO and head of market research Tian Yang to the show. They go through VP’s latest leading economic indicator research, and discuss whether the current equity rout signals an oncoming recession, or if it’s just a mid-cycle pullback. https://bit.ly/3aexnwM

    Download Variant Perception Leading Indicator Watch 📑 https://bit.ly/3GCRd17

     

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3NCyrJh ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

    Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

  7. MacroVoices #324 Louis-Vincent Gave: A Major Geopolitical Transformation Is Underway

    MacroVoices Erik Townsend and Patrick Ceresna welcome Gavekal co-founder Louis-Vincent Gave to the show. Louis has a different take on the impact of U.S. seizure of foreign-owned assets, and he also shares his outlook for bonds, the dollar, stocks, and precious metals. https://bit.ly/3G5dOmI

    Join Free LIVE webinar this Sunday May 22nd at 11am ET: https://bit.ly/3FYN4nL

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3Nm7wkQ

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

    Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

  8. MacroVoices #323 David Rosenberg: The Fed Put Has Expired

    MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show. In his previous appearance, David expressed serious concerns about the stock market, and was being ridiculed at the time by his perma-bull peers. Seems he was onto something, and he joins us again to give us an update. https://bit.ly/3svCtLo

     

    Rosenberg Research 30-Day Free Trial: https://bit.ly/3L3yWKM

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3wqdo5D

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

    Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

  9. MacroVoices #322 Josh Crumb: The Future of Decentralized Finance

    MacroVoices Erik Townsend and this week's guest host Kevin Muir welcome Abaxx Technologies CEO Josh Crumb to the show to take a deep dive on the future of decentralized finance.  https://bit.ly/3Firk5K

     

    Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

  10. MacroVoices #321 Ole Hansen: The Commodity Supercycle Has Begun

    MacroVoices Erik Townsend and Patrick Ceresna welcome Saxo Bank's commodities desk chief, Ole Hansen to the show to discuss what both inflation and the escalating war situation mean for commodities. https://bit.ly/3rYhYXF

    Download Ole's charts 📈📉https://bit.ly/37LYFtN

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/39pax5j

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

    Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

  11. MacroVoices #320 Mike Green: Investment Strategies for World War III

    MacroVoices Erik Townsend and Patrick Ceresna welcome Simplify Asset Management’s Mike Green to the show to discuss why he thinks World War III had begun long before this year, what he see on the horizon and what it means for investors and markets. https://bit.ly/3K27MU3

     

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3xLReNO

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

  12. MacroVoices #319 Jim Bianco: The Future of Decentralized Finance

    MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show for an interview entirely about Decentralized Finance and where it’s headed in the long run.

     

    Link: https://bit.ly/3vhQU6o

  13. MacroVoices #318 Bill Blain: Inflation, Bond Yields & ESG

    MacroVoices Erik Townsend and Patrick Ceresna welcome Bill Blain to the show to discuss inflation, what it means for the bond market, the impact of ESG on the energy market & much more. https://bit.ly/3KnPQnJ

     

    Blain's Morning Porridge 📄: https://morningporridge.com/

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3ujHZlN

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

  14. MacroVoices #317 Philip Verleger: Central Bank Policy Trumps Energy In Economics

    MacroVoices Erik Townsend and Patrick Ceresna welcome energy economist Philip Verleger to the show to discuss what the transition to zero carbon will mean for the economy and financial markets. Then in postgame, Dakota Gold CEO Jonathan Awde joins to discuss the performance of precious metals markets, private placement logistics, and much more.

    Download a sample issue of Note at the Margin https://bit.ly/3IYA3KJ

    Visit Dakota Gold: https://dakotagoldcorp.com/

    Follow on Dakota Gold on Twitter: https://bit.ly/3Nw2kvA

    And on LinkedIn: https://bit.ly/3NFakdZ

    Link: https://bit.ly/3DH9Gbn

  15. MacroVoices #316 Daniel Lacalle: Energy in the New War Economy

    MacroVoices Erik Townsend and Patrick Ceresna welcome Tressis Chief Economist Daniel Lacalle to the show to discuss everything from inflation to bond yields to the dollar’s role as reserve currency. https://bit.ly/3iB4fRg

     

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3iBeepY

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

     

  16. MacroVoices #315 Joseph Wang: Post-FOMC Rundown

    MacroVoices Erik Townsend and Patrick Ceresna welcome former Federal Reserve Open Market Operations trader Joseph Wang to the show. Erik and Joseph discuss all things federal reserve, from this week’s rate hike to the question of whether confiscation of Russia’s FX reserves will lead other central banks to cast doubt on the USD as global reserve currency.

     

    Link: https://bit.ly/3wiuUdM

    Download Big Picture Trading Chartbook 📈📉 https://bit.ly/3MVD3uJ

    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J

  17. MacroVoices #314 Lakshman Achuthan: Inflation is Neither Transitory or Secular, it’s Cyclical

    MacroVoices Erik Townsend and Patrick Ceresna welcome Economic Cycles guru, Lakshman Achuthan to the show to explain why a Fed policy error is now almost a certainty, and what ECRI’s indicators portend for economic cycles in the year ahead.

    Download ECRI charts: https://bit.ly/3J6fcGm

    Download Postgame charts: https://bit.ly/3tGbdJO

    Link: https://bit.ly/3I06msk

  18. MacroVoices #313 Dr. Pippa Malmgren: WWIII Has Already Started

    MacroVoices Erik Townsend and Patrick Ceresna welcome former U.S. Presidential advisor, Dr. Pippa Malmgren to the show. They discuss the situation in Ukraine - but looking at it in the context of a bigger picture that led Pippa and other prominent thought leaders to predict a major escalation of war tensions long before this particular crisis erupted.

    WWIII Has Already Started - By Dr. Pippa Malmgren: https://bit.ly/3pCtJSa

    Link: https://bit.ly/3sEO1MZ

  19. MacroVoices #312 Charlie McElligott: Tightening Cycle Is A Headwind Until It Becomes A Tailwind

    MacroVoices Erik Townsend and Patrick Ceresna welcome Nomura’s head of cross-asset Macro Strategy, Charlie McElligott to the show to discuss how prior tightening cycles have played out in markets and his prognostications for what present Federal Reserve policy will mean for the markets.

    Link: https://bit.ly/3LZ2TgU

  20. MacroVoices #311 Jim Bianco: Has the Fed Signaled a Policy Error?

    MacroVoices Erik Townsend and Patrick Ceresna welcome Bianco Research founder Jim Bianco to the show. Their discussion includes everything from inflation to bond yields to the equity market outlook, and even touches on what the decentralized finance revolution might mean to fixed income markets in years to come.

    Link: https://bit.ly/3rXnzxL

  21. MacroVoices #310 Alex Gurevich: The Trades of March 2020

    MacroVoices Erik Townsend and Patrick Ceresna welcome Alex Gurevich to the show to discuss inflation, the U.S. Dollar, bond yields and stock prices in the face of central bank tightening, before discussing his new book -The Trades of March 2020: A Shield Against Uncertainty.

    Link: https://bit.ly/3gF6Qc4

  22. MacroVoices #309 Izabella Kaminska: What Shape Will the COVID Recovery Take?

    MacroVoices Erik Townsend and Patrick Ceresna welcome Izabella Kaminska to the show. They discuss everything from inflation to sustainability of Uber and Airbnb’s business model. Then be sure to stay for the postgame segment to get an update on bond markets from Patrick.

    Link: https://bit.ly/3GrVW3U

  23. MacroVoices#308 Ronald Stoeferle: Precious Metals Update

    MacroVoices Erik Townsend and Patrick Ceresna welcome precious metals guru Ronald Stoeferle to the show to discuss the big picture of what's going on with the Fed and this past week's equity market volatility, before moving on to precious metals update.

    Link: https://bit.ly/3II4Lbo

  24. MacroVoices #307 Viktor Shvets: Inflation is still a pendulum but will eventually yield to disinflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Macquarie Chief Macro and Asia-Pacific strategist Viktor Shvets to the show. They touch on inflation and then move on to what’s driving various macro asset classes around the globe.

    *Please note that the market wrap commentary was recorded mid-session with the S&P still up on the day, before the late-day crash to new lows*

    Link: https://bit.ly/3KsAZZQ

  25. MacroVoices #306 Darius Dale: Reflation Will Give Way To Deflation

    MacroVoices Erik Townsend and guest host Kevin Muir welcome 42 Macro founder Darius Dale to the show where he says the reflation trade is making a come-back, but that it will eventually yield to deflation. Then Erik and Kevin discuss Kevin’s article published by Bloomberg, titled The Bond Market Refuses to Accept Economic Reality.

    Link: https://bit.ly/3I3UmX3

  26. MacroVoices #305 Grant Williams: Inflation, Putin, Tesla & More

    MacroVoices Erik Townsend and Patrick Ceresna welcome "Things That Make You Go Hmm..." author Grant Williams as the first feature interview guest of the new year. They discuss what lays ahead as we discover whether inflation is set to be secular or transitory & much more.

     

    Link: https://bit.ly/3zzzLGU

  27. MacroVoices #304 Louis-Vincent Gave: China, Russia, US Dollar & more

    MacroVoices Erik Townsend and Patrick Ceresna welcome Gavekal Research co-founder Louis Vincent Gave as 2021’s final feature interview guest. They discuss the big picture of where the world of macro stands and what lays ahead in 2022.

    Link: https://bit.ly/3HiOB7m

  28. MacroVoices #303 Jesse Felder Joins Inflation/Deflation Debate

    MacroVoices Erik Townsend and Patrick Ceresna welcome The Felder Report founder Jesse Felder to the show. Jesse disagrees with the disinflationary views David Rosenberg and others have expressed on MacroVoices, and will lay out his side of the story and also discuss precious metals and much more.

    Link: https://bit.ly/3mqvHna

  29. MacroVoices #302 Francesco Filia: Plotting a Course for Digitization of Financial Markets

    MacroVoices Erik Townsend and Patrick Ceresna welcome Fasanara Capital founder Francesco Filia to the show. Fracesco has prepared a chart deck quite different than those he’s shared with us in the past and he’ll share a vision for the coming digitization of financial assets and more.

    Link: https://bit.ly/3DWVGbX

  30. MacroVoices #301 Julian Brigden: There‘s Behind the Curve and There‘s This

    MacroVoices Erik Townsend and Patrick Ceresna welcome MI2 Partners founder Julian Brigden to the show. Julian explains in great detail why he disagrees with the transitory inflation argument posed by David Rosenberg last week.

    Link: https://bit.ly/3rSuKYb

  31. MacroVoices #300 David Rosenberg: Last Disinflationist Standing

    MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show. David describes the reasons the inflation we’ve already seen has occurred, and why he doesn’t think it will last. They also discuss stock prices, bond yields, precious metals, and much more.

    Breakfast with Dave: https://bit.ly/3ElgkTU

    Link: https://bit.ly/3ElHOZx

  32. MacroVoices #299 Lyn Alden: Revisiting Inflation/Deflation Signals

    MacroVoices Erik Townsend and Patrick Ceresna welcome Lyn Alden to the show where she weighs in on where she agrees and where she disagrees with the views Jeff Snider shared with us on last week’s podcast.

    Link: https://bit.ly/3nN7rfZ

  33. MacroVoices #298 Jeff Snider: I agree with Janet Yellen and Jay Powell

    MacroVoices Erik Townsend and Patrick Ceresna welcome Alhambra Investments' CIO Jeffrey Snider to the show. Jeff gives the first truly credible counter-argument to date for the secular inflation thesis that so many of our previous expert guests have come around to in the last couple of years.

    Link: https://bit.ly/30JPTZF

     

  34. MacroVoices #297 Ole Hansen: Commodity Sector Outlook

    MacroVoices Erik Townsend and Patrick Ceresna welcome Saxo Bank Commodity Strategy chief Ole Hansen to the show to discuss the outlook for commodities with the macro backdrop of secular inflation, which Ole sees on the near horizon, and whether gold, copper, or other commodities will be the best inflation hedge for what lies ahead.

     

    Link: https://bit.ly/3H8BcQh

  35. MacroVoices #296 Mike Green: FOMC + The Future of Digital Currency

    MacroVoices Erik Townsend and Patrick Ceresna welcome to the show, Simplify Asset Management Chief Strategist and portfolio manager Mike Green. They start the discussion with a review of this week’s Federal Reserve announcements regarding inflation and asset purchase tapering, then move on to the question of where digital currency is headed, and who will be in control.

    Link: https://bit.ly/2ZQuCww

  36. MacroVoices #295 David Hay: The Case for Greenflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Evergreen Gavekal CIO David Hay to the show to discuss what David calls Greenflation, along with the usual macro suspects such as stocks, precious metals, and bond yields.

    Link: https://bit.ly/3CryxOG

  37. MacroVoices #294 Luke Gromen: The U.S. Government Cannot Afford Secular Inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Forest For The Trees (FFTT) founder Luke Gromen to the show. They discuss the U.S. Dollar, inflation, what the consequences of inflation will be, and much more.

    Link: https://bit.ly/3AYPIWh

  38. MacroVoices #293 Cullen Roche: Debt Ceiling, Interest Rates & Stagflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Cullen Roche to the show to discuss the debt ceiling debate, why a platinum coin supposedly solves perpetual motion and buys a free lunch for deficit spending, where inflation is headed, and much more.

    Link: https://bit.ly/3p50wjA

  39. MacroVoices #292 Russell Napier: Knock-on Effects of Secular Inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Russell Napier to the show. They explore whether the developing situation in China changes the inflation calculus, then go on to talk about rates, inflation, and where this whole macro picture is headed.

    Link: https://bit.ly/3DlRqTn

  40. MacroVoices #291 Jeroen Blokland: Inflation, Bond Yields, Portfolio Allocation & Bitcoin Unpublished

    MacroVoices Erik Townsend and Patrick Ceresna welcome True Insights founder Jeroen Blokland to the show to discuss inflation, the FED’s dot plot and where interest rates are headed, portfolio allocations, and much more.

    Link: https://bit.ly/3onjHEU

  41. MacroVoices #290 Juliette Declercq: Are Cyclical Indices Positioned To Outperform?

    MacroVoices Erik Townsend and Patrick Ceresna welcome JDI Research founder Juliette Declercq to the show. They discuss the whole macro picture and then translate those ideas to actionable market strategies.

     

    Link: https://bit.ly/3kDuN6t

  42. MacroVoices #289 Jim Bianco: Persistent Inflation/ Bond Yields/ DeFi

    MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco from Bianco Research to the show to discuss secular inflation, demographics, decentralized finance, and much more.

    Link: https://bit.ly/3AjypQq

  43. MacroVoices #288 Paul Krake: Mega themes for 2020s

    MacroVoices Erik Townsend and this week's guest host Kevin Muir welcome View from the Peak founder Paul Krake to the show to discuss what Paul calls megathematics, the important trends to watch in the current macro environment.

    Link: https://bit.ly/3yZmuWz

  44. MacroVoices #287 Wayne Himelsein: Under the covers of Long Vol

    MacroVoices Erik Townsend and Patrick Ceresna welcome Logica Funds founder Wayne Himelsein to the show to discuss trading the long volatility strategy.

    Link: https://bit.ly/3yJd8hg

  45. MacroVoices #286 Summer Special: Digital Currencies & Decentralized Finance Revolution Part 2

    MacroVoices Erik Townsend welcome Dr. Pippa Malmgren and Clint Cox in this second installment of two-part summer special to discuss digital currency and decentralized finance revolution.

     

    Link: https://bit.ly/2UpC53g

  46. MacroVoices #285 Summer Special: Digital Currencies & Decentralized Finance Revolution Part 1

    MacroVoices Erik Townsend welcome Dr. Pippa Malmgren and Clint Cox in this first installment of two-part summer special to discuss digital currency and decentralized finance revolution.

     

    Link: https://bit.ly/3gd5yoN

  47. MacroVoices #284 Lakshman Achuthan: Economic cycle is turning...but what about assets?

    MacroVoices Erik Townsend and Patrick Ceresna welcome ECRI co-founder Lakshman Achuthan to the show to discuss how all those economic cycle indicators that were turning up last we spoke with him are starting to turn down now, meaning the risk of an economic cycle downturn is heightened now. Then Grant Williams joins the postgame discussion.

    Link: https://bit.ly/37DMICM

     

  48. MacroVoices #283 Brent Johnson: US Dollar Still Not Crashing

    MacroVoices Erik Townsend and Patrick Ceresna welcome Santiago Capital's Brent Johnson to the show. Brent says the US dollar isn't really crashing to zero as some have suggested, then goes on to articulate a balanced view on the inflation/deflation debate. They also discuss commodities including precious metals, and why Brent thinks the soft commodities may be a good play if prices pull back.

    Link: https://bit.ly/37kB4fL

  49. MacroVoices #282 Bill Blain: Consequences of Secular Inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Shard Capital Strategist and Alternative Investments chief Bill Blain to the show. Bill says secular inflation is here to stay, then goes on to explain several less obvious nuances of the finance industry's readiness for the coming change and much more.

    Link: https://bit.ly/3fax7hW

  50. MacroVoices #281 Darius Dale: Inflation is officially on hold but just for now

    MacroVoices Erik Townsend and Patrick Ceresna welcome 42 Macro founder Darius Dale to the show to discuss why he is a secular inflationist long-term even though his models predict disinflation in coming months.

    Link: https://bit.ly/3eI2nok

  51. MacroVoices #280 Aaran Param: Inflation, Stocks, Dollar, EM, China, Commodities & more

    MacroVoices Erik Townsend and Patrick Ceresna welcome Aaran Param from Variant Perception to the show to discuss whether inflation is secular or transitory, Stocks, Bond Yields, Commodities, and much more.

    Link: https://bit.ly/3xKio4I

  52. MacroVoices #279 Viktor Shvets: The Inflation-Deflation Pendulum

    MacroVoices Erik Townsend and Patrick Ceresna welcome Viktor Shvets to the show to discuss in detail why he disagrees with the view that we're beginning a 1970's scale secular inflation event.

     

    Link: https://bit.ly/3wrQOYo

  53. MacroVoices #278 Eric Peters: Secular Inflation and Digital Currency

    MacroVoices Erik Townsend and Patrick Ceresna welcome back One River Asset Management CIO Eric Peters to the show. Eric has been in the news quite a bit lately, as his new venture One River Digital has become one of the most voracious buyers of Bitcoin. Eric returns as this week’s feature interview guest to discuss secular inflation and the digital currency revolution in detail.

    Link: https://bit.ly/3AmXGJJ

  54. MacroVoices #277 Daniel Lacalle: Inflation, Recovery Outlook, Energy, Digital Currency & More

    MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show. Daniel says inflation is coming, but he doesn’t worry about it running away or becoming a major economic challenge. They also explore Daniel’s thoughts on both cryptocurrency and sovereign digital currency, and much more.

    Link: https://bit.ly/3vUHrAr

  55. MacroVoices #276 Philip Verleger: Energy Economics and Inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Philip Verleger to the show to give us a different perspective on the economics of the energy industry, including his views on the coming secular inflation.

    Link: https://bit.ly/3vApK91

  56. MacroVoices #275 Steve Keen: Inflation Will Not Run Away

    MacroVoices Erik Townsend and Patrick Ceresna welcome Steve Keen to the show. Steve says inflation is definitely coming, but it won’t be the runaway inflation feared by many people, nor will it be the hyperinflation some folks fear. 

    Link: https://bit.ly/2Tkfrby

  57. MacroVoices #274 Marin Katusa: PM Investing for Accredited Investors

    MacroVoices Erik Townsend and Patrick Ceresna welcome back Marin Katusa to the show. This week’s interview focuses specifically on the private equity deals that are only offered to accredited investors, allowing them to buy precious metals mining stocks directly from the issuing company, off the listed exchange, and at a discount to the price everyone else is paying for the same shares on the open market. They also discuss private placements and financings in gold mining stocks as well as other speculative natural resource investments such as uranium and even carbon credits.

    Link: https://bit.ly/3cfJUyh

  58. MacroVoices #273 Larry McDonald: Dollar Down & Gold, Oil, Uranium Up

    MacroVoices Erik Townsend and Patrick Ceresna welcome Larry McDonald from The Bear Traps Report to the show to discuss inflation, bond yields, market outlooks, and much more.

    Link: https://bit.ly/3hZZMbY

  59. MacroVoices #272 David Rosenberg: Inflation Will Be Transitory

    MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show where he explains why he still sees deflation as the governing force, and why he disagrees with the suddenly all-popular inflation narrative.

    Free 30-Day Trial to Rosenberg Research: https://bit.ly/3f2n9zI

    Link: https://bit.ly/3wmukbQ

  60. MacroVoices #271 Harley Bassman: Hedging a High Interest Future

    MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman to the show. For years Harley has been on a personal mission to figure out how to make institutional hedging tools available to retail investors, because Harley sees a risk of long-term interest rates backing up in coming years that could create a much worse threat than the 2008 financial crisis. They talk about the risk he sees, why he thinks it's so important to hedge against it, and discuss the ETF he just launched to make runaway interest rate insurance available to anyone who wants it.

    Then be sure to stay tuned for our postgame segment after the feature interview, when Patrick and Erik discuss Tesla, cryptocurrencies, and much more.

    Link: https://bit.ly/3eK4dp0

     

  61. MacroVoices #270 Dylan Grice: Are Central Bankers Politicians or Economists?

    MacroVoices Erik Townsend and Patrick Ceresna welcome Dylan Grice to the show to discuss everything from inflation vs. deflation to how far bond yields can go to the outlook for asset markets.

    Link: https://bit.ly/3xUCNEq

  62. MacroVoices #269 Charlie McElligott: The reflation that reversed course in April will reverse course again

    MacroVoices Erik Townsend and Patrick Ceresna welcome Charlie McElligott from Nomura to the show. Charlie says the reflation trade that reversed in April is likely to reverse again, with more reflation still to come. They talk about everything from inflation to bond yields to the market outlook for stocks and other asset classes.

    Link: https://bit.ly/3gMRIuj

  63. MacroVoices #268 Art Berman: Crude Oil Update

    MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show. Art nailed the call for $65 crude oil when we had him on in early January, but now he says the big move higher in price is probably mostly over, and he doesn’t see any reason to expect crude oil prices to rally much higher than $70. And that’s despite the fact that Art still predicts a significant decline in U.S. production later this year. They discuss this and so much more. 

    Link: https://bit.ly/3vfRvUm

  64. MacroVoices #267 Jeff Snider: Why Deflation Is The Story, Not Inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider back to the show where Jeff makes the case for deflation rather than inflation, against consensus. Then be sure to stay tuned for the postgame segment where Patrick will give an update on the 50dma charts.

    Link: https://bit.ly/3mPOTtz

  65. MacroVoices #266 Jesse Felder: Macro Roadmap for the S&P500

    MacroVoices Erik Townsend and Patrick Ceresna welcome Jesse Felder to the show. Jesse sees inflation on the horizon and has quite a bit to say about macro risk factors and where the S&P500 may be headed next. 

    Link: https://bit.ly/3t26fpv

  66. MacroVoices #265 Steven Van Metre: The Last Deflationist Standing

    MacroVoices Erik Townsend and Patrick Ceresna welcome Steven Van Metre to the show to talk about why the outlook really is still deflationary unless and until private credit expansion returns with a vengeance.

    Link: https://bit.ly/39y2KPI

  67. MacroVoices #264 Robert Friedland: Investing in the Green Revolution

    MacroVoices Erik Townsend and Patrick Ceresna welcome billionaire Canadian financier Robert Friedland to the show. Robert already gave a terrific two-part interview on the Smarter Markets podcast, on the subject of what it’s really going to take to Green the Global economy. In this MacroVoices episode, they discuss how to invest in the formative green revolution, and where the best opportunities can be found for investors. So if you missed the 2-part interview on Smarter Markets, we suggest you listen to that first.

    Link: https://bit.ly/3clF9U5

  68. Spotlight #6 Josh Crumb & Joe Raia: Dimensions of Abaxx Technologies

    Remember when Kyle Bass appeared on MacroVoices and suggested that Erik should get Josh Crumb on the show to explain all the various dimensions of Abaxx Technologies and how the company plans to disrupt commodity trading by bringing the latest technologies to bear to create smarter commodity markets? The long-awaited interview is finally here. Abaxx founders Josh Crumb and Joe Raia lay out the whole story of what Abaxx intends to do, from a new commodity exchange in Singapore to embracing blockchain technology to redesign how futures markets work, to a new suite of self-sovereign identity tools for finance that could revolutionize the way the industry does business.

    Link:https://bit.ly/3r17uDB

  69. MacroVoices #263 Juliette Declercq: Why Equities Stand On Much Stronger Ground Than Consensus Seem To Believe

    MacroVoices Erik Townsend and Patrick Ceresna welcome JDI Research founder Juliette Declercq to the show to discuss everything from secular inflation to how far the long end of the treasury curve can go to why Juliette thinks the stock market stands on firmer ground than some skeptics are suggesting.

    Link: https://bit.ly/3tw53uj

  70. MacroVoices #262 Diego Parrilla: The End Game Is Inflation But The Path Is Unclear

    MacroVoices Erik Townsend and Patrick Ceresna welcome Diego Parrilla to the show to talk about what the inflation trend means for bond yields, equity markets and commodities, as well as gold, the VIX, and much more. Then Gold Royalty Corp. CEO Amir Adnani joins in the postgame to discuss the royalty and streaming business model for precious metals, and where PM streaming shares fit into a portfolio allocation strategy.

  71. MacroVoices #261 Ole Hansen: Commodities Are Back!

     MacroVoices Erik Townsend and Patrick Ceresna welcome Ole Hansen to the show to discuss the return of a commodity bull market, which commodity will benefit from the Green Revolution and outlook on agriculture, uranium and more. 

    Link: https://bit.ly/38a84bx

  72. MacroVoices #260 Lyn Alden: Shifting from Monetary to Fiscal Dominance

    MacroVoices Erik Townsend and Patrick Ceresna welcome Lyn Alden to the show to discuss everything from inflation to the long term debt cycle to broad money supply growth to gold & even Bitcoin.

    Link: https://bit.ly/3uGHujZ

  73. MacroVoices #259 Louis-Vincent Gave: As Inflationista As They Come

    MacroVoices Erik Townsend and Patrick Ceresna welcome Louis-Vincent Gave to the show to talk about why Louis is as inflationista as they come and how to trade the coming inflation. Then Kevin Muir joins in postgame segment to discuss why he thinks investors need to understand the Treasury General Account.

     

    Link: https://bit.ly/3quIOUm

  74. MacroVoices #258 Julian Brigden: As Good As It Gets?

    MacroVoices Erik Townsend and Patrick Ceresna welcome Julian Brigden to the show to discuss why Julian thinks equity valuations are already stretched and why he shares the inflationary view expressed by Russell Napier and Jim Bianco in recent episodes.

    Link: https://bit.ly/3rHZfgk

  75. MacroVoices #257 Jim Bianco: Wall Street Bets - Who's Playing Who?

    MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show to discuss the coming inflation and how to trade it, update on the COVID pandemic, and the lunacy that is Wall Street Bets.

    Link: https://bit.ly/3rhbSP8

  76. MacroVoices #256 Russell Napier: Prepare for Secular Inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome Russell Napier to the show to discuss how stocks are rallying to new all-time highs amidst the ongoing pandemic and where we stand with regard to the economic outlook generally & much more.

    Link: https://bit.ly/36ohb7p

  77. MacroVoices #255 Mike Green: Bitcoin’s Role in the Future of Digital Currency

    MacroVoices Erik Townsend and Patrick Ceresna welcome Logica Funds chief strategist Mike Green to the show to discuss the digital currency revolution generally, Bitcoin and where it’s headed.

    Link: https://bit.ly/39Rrv94

  78. MacroVoices #254 Luke Gromen: The FED Faces No Easy Choices

    MacroVoices Erik Townsend and Patrick Ceresna welcome Luke Gromen to the show to discuss whether if this is the beginning of a trend reversal to the upside or just a dead cat bounce, where the dollar is headed and what that will mean for the markets & more.

    Link: https://bit.ly/38Jw2Li

  79. MacroVoices #253 Art Berman: U.S. Oil Production Still Set for Steep Decline in 2021

    MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show to discuss the coming domestic production decline which Art still predicts, when it will happen, as well as this week’s OPEC+ meeting, and much more.

    Link: https://bit.ly/3ooBVDb

  80. MacroVoices #252 Holiday Special Part 2

    MacroVoices Erik Townsend and Patrick Ceresna welcome back Ronald Stoeferle and Grant Williams in this second half of two-part Holiday Special series to discuss the distinction between inflation and fiat debasement, and then talk through a long list of hedging trades against each of those risks, ranging from precious metals to bitcoin to farmland to base metals and crude oil.

    Link: https://bit.ly/3rAWVZf

  81. MacroVoices #251 Holiday Special Part 1

    MacroVoices Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle and Grant Williams in this first half of Holiday Special series to talk about fiat currency debasement and inflation, commodities and different ways to hedge, crypto currencies and more.

    Link: https://bit.ly/3pnrakj

  82. MacroVoices #250 Kyle Bass: Commodity Bull Market, Inflation & Singapore

    MacroVoices Erik Townsend and Patrick Ceresna welcome Kyle Bass to the show to discuss equity markets, how Joe Biden’s presidency will affect oil prices, and why Singapore will be the big winner as Hong Kong loses its independence from China and more.

    Link: https://bit.ly/38cpoM1

  83. MacroVoices #249 Dr. Pippa Malmgren: Get Ready for Trump News Network

    MacroVoices Erik Townsend and Patrick Ceresna welcome back Dr. Pippa Malmgren to the show for an update on what she sees next for Donald Trump assuming his attempts to overturn the election results are unsuccessful.

    Link: https://bit.ly/2Lmh6cJ

  84. MacroVoices #248 Jeff Snider: QE Still Isn’t Money Printing, and USD Still Isn’t Crashing

    MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show to revisit his dollar-bullish Eurodollar thesis, and consider where the market could be headed from here, and whether or not this week’s move invalidates his prior views.

    Link: https://bit.ly/2VwzilU

  85. Smarter Markets - Robert Friedland: Envisioning commodities graded & traded on how responsibly they're produced

    Billionaire Canadian financier Robert Friedland headlines the inaugural episode of Smarter Markets, and shares a vision of commodities being graded based on how responsibly they were produced with regard to ESG priorities, thus allowing free market price discovery to determine a market premium to reward responsible producers of metals and other commodities which have historically had an adverse environmental impact.. Robert goes on to share his vision for how a distributed ledger (blockchain) could be used to hold commodity producers to account and assure buyers of commodities that they've received the full and true details of how those commodities were produced.

  86. Erik's Interview on Market Huddle re: Abaxx Technologies Investment

    Erik lays out the reasons he invested in Abaxx Technologies, what the company is about, and how investors can get involved when ABXX stock starts trading publicly on December 15th.
  87. MacroVoices #247 David Rosenberg: Too much debt spells lower future growth and inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show to discuss everything from what’s holding up the stock market to whether bond yields have bottomed to the inflation outlook.

    Link: https://bit.ly/2UZqqFb

  88. MacroVoices #246 Daniel Lacalle: U.S. Election, European Outlook & More

    MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show to discuss what’s holding the stock market up as the vaccine news is offset by a marked increase in cases and deaths, bond yields, inflation, and much more.

    Link: https://bit.ly/3pUMwa6

  89. MacroVoices #245 Lakshman Achuthan: Brace For Inflation

    MacroVoices Erik Townsend and Patrick Ceresna welcome ECRI's Lakshman Achuthan to the show to talk about why he sees an inflation cycle on the near horizon and where we stand in the economic cycle and the outlook for markets.

    Link: https://bit.ly/35o7h5A

  90. MacroVoices #244 Marin Katusa: How to Play the Secular Gold Bull Market

    MacroVoices Erik Townsend and Patrick Ceresna welcome Marin Katusa to the show to discuss everything from MMT and how it will drive a secular bull market in precious metals to why some of the best mining companies are only listed on Canadian exchanges to how to allocate a precious metals portfolio to benefit from all these trends.

    Link: https://bit.ly/3p4lsV8

  91. Spotlight #5 The Democratization of Alternative Investments – Art & Farmland

    Asset classes previously available only to the super-rich such as fine art and farmland are being democratized and brought within reach of all investors. Hear insights from the CEOs -Artem Milinchuk of FarmTogether.com and Scott Lynn of Masterworks.io- behind this new trend, where it’s headed, and how to invest in both fine art and farmland without breaking the bank.

    Link: https://bit.ly/3jIBUqu

  92. MacroVoices #243 Tian Yang: A New Commodity Bull Market is Coming

    MacroVoices Erik Townsend and Patrick Ceresna welcome Variant Perception's Tian Yang to the show to talk about why his team sees inflation on the horizon and they think a new secular bull market in commodities is on deck.

    Link: https://bit.ly/37TkIfG

  93. MacroVoices #242 Stephanie Kelton on Modern Monetary Theory

    MacroVoices Erik Townsend and Patrick Ceresna welcome Stephanie Kelton to the show to discuss how Modern Monetary Theory can enable more, not less government spending using the power of central banks to conjure new money supply out of thin air to finance government spending, without necessarily raising taxes or borrowing from foreigners.

    Link: https://bit.ly/31x0ZhV

  94. MacroVoices #241 Mike Alkin & Guy Keller: Uranium Special

    MacroVoices Erik Townsend and guest co-host Kevin Muir welcome Mike Alkin & Guy Keller to the show to talk about the future of nuclear power industry, how Uranium market works and the investment opportunities in the Uranium market & more.

    Link: https://bit.ly/3k5i35H

  95. MacroVoices #240 Dr. Pippa Malmgren: U.S. Election Outlook

    MacroVoices Erik Townsend and this week's guest host Kevin Muir welcome Dr. Pippa Malmgren to the show to discuss everything from the outlook for markets in various election scenarios to the risk of an increase in civil unrest after the election to Pippa’s prediction that President Trump will aspire to create his own television news empire after leaving the White House, regardless of whether that happens in 2021 or after four more years as President.

    Link: https://bit.ly/34FHJPQ

  96. MacroVoices #239 Art Berman: U.S. Production still set to decline…but so is demand

    MacroVoices Erik Townsend and Patrick Ceresna welcome back Art Berman to the show to discuss where oil price is headed from here, decreasing price sensitivity to changes in comparative inventory and an update on Art’s previous prediction on U.S. production of oil.

     

    Link: https://bit.ly/3d0eYBr

     

  97. MacroVoices #238 Alex Gurevich: Bond Yields, U.S. Dollar, Equities & more

    MacroVoices Erik Townsend and Patrick Ceresna welcome Alex Gurevich to the show to discuss if the bond bull market is finally coming to an end, if the U.S. dollar is heading to a secular decline and perspectives on gold, equity markets & more. Then Jim Bianco from Bianco Research joins in the postgame segment to talk about the upcoming US Presidential Election.

    Link: https://bit.ly/3hR0qoo

  98. MacroVoices #237 Juliette Declercq: U.S. Election Outlook, U.S. Dollar, Real Yields and more

    MacroVoices Erik Townsend and Patrick Ceresna welcome Juliette Declercq to the show to discuss the potential outcomes of the U.S. Presidential election and their impact on markets, inflation, the US Dollar, and much more. 

    Link: https://bit.ly/3mvrQU9

  99. MacroVoices #236 Mike Green: Passive Investing Dynamics, Inflation vs. Hyperinflation, Digital Currencies & more

    MacroVoices Erik Townsend and Patrick Ceresna welcome Mike Green to the show to discuss the reflexive effects of passive investing on market price action, before moving on to the US dollar, inflation, gold, digital reserve currencies and much more.

    Link: https://bit.ly/33kfmWC

  100. MacroVoices #235 Luke Gromen: U.S. Dollar Deep Dive

    MacroVoices Erik Townsend and PatrickCeresna welcome Luke Gromen to the show to discuss if the U.S. Dollar is having that "Luke Gromen Moment" he has predicted for years, the stock market, the U.S. fiscal situation, gold and much more.

    Link: https://bit.ly/3jMGHr4

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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