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. All-Stars #99 Louis-Vincent Gave: We’re experiencing three crises disguised as one!

    All-Star Louis-Vincent Gave returns to explain why the markets are currently enthralled in not just one but three simultaneous crises.

    Link: https://bit.ly/3avksSv

  2. MacroVoices #212 Simon White: Aftermath of the biggest monetary policy intervention in world history

    MacroVoices Erik Townsend and PatrickCeresna welcome Simon White to the show to talk about the implications of the FED’s recent QE, if the stocks and bonds will both start selling off and how the asset markets will be impacted by the US governments reaction to COVID-19 crisis. 

    Link: https://bit.ly/3akVx3S

  3. Hot Topic #11 Lenore Hawkins & Dr. Steve Bickel: The only way to save the economy is to reduce the COVID19 hospitalization rate

    Florida physician Dr. Steve Bickell and Tematica Research global macro strategist Lenore Hawkins join Erik Townsend for this week’s COVID19 update podcast

    Link: https://bit.ly/2UdwF8I

  4. All-Stars #98 Luke Gromen: Stocks will keep selling off unless the Fed buys unlimited debt

    All-star Luke Gromen says the only way for stocks to trade is down unless the Fed buys an unlimited amount of debt.

    P.S. both of those things are happening as we release this episode!

    Link: https://bit.ly/2QHpAuR

  5. MacroVoices #211 Jim Bianco: COVID-19 & Risk Parity Unwind - What's next for markets?

    MacroVoices Erik Townsend and PatrickCeresna welcome Jim Bianco to the show to talk about the impact of COVID-19 on the economy and markets, the systemic risks to markets and impact on dealers & more. Then Kevin Muir joins in the postgame to talk about the imploding risk parity. 

    Link: https://bit.ly/2wdj5ZW

  6. Hot Topic #10 COVID19 Update: Imperial College report makes waves

    Once again, host Erik Townsend gives a detailed update on the evolving #COVID19 crisis in this full-length special report.

    Link: http://bit.ly/2vB07fo

  7. All-Stars #97 Jeff Snider: The QE Market Meltdown - Currency Inelasticity

    All-Star Jeff Snider says the Fed keeps using a bigger bazooka but no one seems to care and the global dollar shortage takes on 2008 proportions.

    Link: http://bit.ly/3b3PBfN

  8. Hot Topic #9 Lenore Hawkins: Boots on the ground from the Red Zone (COVID-19 Lockdown in Italy)

    Reporting live from Ground Zero in Northern Italy, Lenore Hawkins joins Erik Townsend with a situation report on life in Italy before and after the COVID-19 crisis struck the region.

    Link: http://bit.ly/38RyBrp

  9. Hot Topic #8 Tracy Shuchart: COVID19, OPEC+ & Crude - What comes next?

    Energy Week co-star Tracy Shuchart joins Erik to reflect on what the COVID19 crisis and the OPEC+ falling out with Russia will mean for energy markets, including impact on U.S. Shale.

    Link: http://bit.ly/2xB1tr8

  10. Hot Topic #7 COVID-19 Update: USA and all of Europe will look like Italy within one month!

    Host Erik Townsend gives his most bearish and dire outlook yet for the COVID19 crisis, predicting the United States and all of Europe will soon experience what Italy is now experiencing.

    Link: http://bit.ly/2Q9ZRLk

  11. MacroVoices #210 Axel Merk: Market outlook for the coming Coronavirus crisis

    MacroVoices Erik Townsend and Patrick Ceresna welcome Axel Merk to the show to discuss how COVID-19 is driving bonds to new all-time highs, perspectives on possible bail-out for shale oil producers and outlook on gold & more. 

    Link: http://bit.ly/38DZlLT

  12. All-Stars #96 Juliette Declercq: How to trade the COVID19 Crisis

    All-star Juliette Declercq is back for an update on the COVID19 Crisis and how to trade it. Bonus: Subscriber report download

    Link: http://bit.ly/2VWZI1B 

  13. MacroVoices #209 Jesse Felder: Pent-up bearish forces were in place before COVID-19

    MacroVoices Erik Townsend and PatrickCeresna welcome Jesse Felder to the show to discuss how COVID-19 has affected the market direction change, if inflation will returnin the near future and its systemic risks and more. 

    Link: http://bit.ly/2Iocuy6

  14. All-Stars #95 Brent Johnson: Dollar Milkshake still in play

    All-Star Brent Johnson returns for an update on the USD, bond yields, and a detailed update on gold.

    Link: http://bit.ly/2PLuoPq

  15. Hot Topic #6: COVID-19 Pandemic Update

    This week we’re re-broadcasting our Jan. 30th interview with Dr. Chris Martenson which proved incredibly prescient. Erik Townsend then offers an update on what’s changed since that interview.

    Link: http://bit.ly/2TtNbje

  16. MacroVoices #208 Francesco Filia: Francesco Filia: How to navigate the cliff edge in markets

    MacroVoices Erik Townsend and Patrick Ceresna welcome Francesco Filia to the show. They discuss why the US treasury bond is no longer a good investment and its systemic implications, the upcoming daily liquidity crisis and what it means for the market and perspectives on economic impacts of COVID-19 

    Link: http://bit.ly/3ceaoP5

  17. All-Stars #94 Jeff Snider: The slowdown started before the Coronavirus hit the tape!

    All-Star Jeff Snider is back! Jeff says there were clear signs of economic slowdown before the Coronavirus story even came out.

    Link: http://bit.ly/2vlLTyP

  18. Hot Topic #5: COVID Super-Spreader Stealth Pandemic?

    We’ve assembled the #COVID thought leaders of Financial Twitter; Jim Bianco, Mike "Mish" Shedlock, Dr. Ben Hunt & Dr. Chris Martenson for an in-depth panel discussion as #COVID19 escalates toward global pandemic status.

    Link: http://bit.ly/3a2O1dy

     

  19. MacroVoices #207 Ralph Delguidice: Demand is being manufactured for US Treasury paper

    MacroVoices Erik Townsend and PatrickCeresna welcome Ralph Delguidice to the show. They discuss some of the knock-on implications of the US Treasury bond, why treasury and investment grade bond demand flows will remain solid and the US treasury demand impact of Dodd Frank and more. 

    Link: http://bit.ly/38JCGik

  20. MacroVoices #206 Chris Cole: Optimizing portfolio construction for changing times

    MacroVoices Erik Townsend and Patrick Ceresna welcome Chris Cole  to the show to discuss his latest article "The Allegory of the Hawk and Serpent", the law of cosmic duality in investing, and the role of long-vol and commodity trends following have in dragon portfolio & more. Then Emil Kalinowski joins in postgame.

    Link: http://bit.ly/2tVwTXD

  21. All-Stars #93 Luke Gromen: Busted! JP Morgan charged for gold price manipulation

    FFTT founder Luke Gromen is back to talk about the conclusions we can draw from the U.S. government charging JP Morgan with criminal gold price manipulation

    Link: http://bit.ly/2SCKwmQ

  22. MacroVoices #205 Art Berman: Will the crude oil market catch the Coronavirus?

    MacroVoices Erik Townsend and PatrickCeresna welcome Art Berman to the show. They discuss the 2020 demand growth, how oversold is the price of oil and what effect the over-reaction to Coronavirus has on world oil demand. Then Kevin Muir joins postgame segment to discuss Tesla's parabolic rise and blow-off top.

    Link: http://bit.ly/2ugJpRV

  23. All-Stars #92 Jeff Snider: Did anything really get “better” last September?

    All-star Jeff Snider takes on why the yield curve inversion last august (so far) hasn’t led to a recession, and what might have changed in the global economy since September

    Link: http://bit.ly/2Sg4W54

  24. All-Stars #91 Dr. Pippa Malmgren: Coronavirus, Surveillance Capitalism, Election Outlook

    All-Star Dr. Pippa Malmgren returns with an update on the nCoV Coronavirus outbreak, Pippa’s reaction to Kyle Bass’ allegations about China mining American genetic data, and an update on the U.S. election outlook

    Link: http://bit.ly/2Se7rEP 

  25. MacroVoices #204 Julian Brigden: The Truth about Central Bank Liquidity

    MacroVoices Erik Townsend and Patrick Ceresna bring you an amazing double header episode with Julian Brigden talking about central bank liquidity and an update on nCoV with Dr. Chris Martenson

    Link: http://bit.ly/2u7AkKO

  26. All-Stars #90 Juliette Declercq: Still bullish, but slightly less so than Q4

    All-Star Juliette Declercq is back with the 2020 outlook. Juliette remains cautiously bullish, but perhaps not quite as bullish as she was in late 2019

    Link: http://bit.ly/30Y3W9G

  27. MacroVoices Hot Topic #4: Wuhan Coronavirus (2019-nCov) Market Impact Analysis v2

    New updated version re-recorded 1/28/20 to reflect new information and correct errors in first version. WE RECOMMEND YOU LISTEN AGAIN #2019nCoV #Wuhan #Coronavirus

    Host Erik Townsend weighs in with a summary of what he’s learned thus far about 2019-nCoV, the Wuhan Coronavirus, and his analysis of what it will mean to financial markets.

     

    Link: http://bit.ly/38ETuX2

  28. MacroVoices #203 Russell Napier: The coming credit crisis will be outside the U.S.

    Erik Townsend and PatrickCeresna welcomeRussell NapiertoMacroVoices.They discuss why we should expect a credit crisis, what will come out of MMT & helicopter money, and how to prepare for runaway inflation and more. 

    Link: http://bit.ly/2tOWNfJ

  29. All-Stars #89 Louis-Vincent Gave: All five pillars supporting the melt-up will come under pressure in 2020

    All-Star Louis-Vincent Gave explains the five macro pillars that have driven the stock market to record highs, then explains why all five will come under pressure in 2020

    Link:http://bit.ly/2ugYMJx

  30. MacroVoices #202 Grant Williams: Civil unrest around the world. Failing Unicorns. All paths lead to gold.

    Erik Townsend and Patrick Ceresna welcomeGrant Williamsto MacroVoices. They discusstherecent civil unrest and global social degradation, if Tesla will follow the collapse ofWeWork, and how to react to the recent rise in price of gold. 

    Link: http://bit.ly/2TGMp4n

  31. All-Stars #88 Jeff Snider: The Fed is avoiding the real issue driving divergences in their models

    All-Star Jeff Snider says the Fed is behind the 8 ball. Jeff says the ailing global Eurodollar system is the real reason the economy underperforms against its potential.

    Link: http://bit.ly/2Nn3e0e

  32. MacroVoices #201 Marin Katusa: How To Play the Gold Bull Market

    Erik Townsend and PatrickCeresna welcomeMarinKatusatoMacroVoices. They discuss the outlook on gold, updates on previous investments, how private placements work and what to expect at the upcoming VRIC and more.

    Link: http://bit.ly/2Tazd7i

  33. All-Stars #87 Brent Johnson: USD, Stocks, Gold & More

    All-star Brent Johnson is bullish on the dollar, and cautious about stocks & gold at current price levels.

    Link: http://bit.ly/2Fn94tW

  34. MacroVoices #200 Dr. Pippa Malmgren: Knowledge Doubling Curve and its Consequences and Implications

    Erik Townsend and Patrick Ceresna welcomeDr.Pippa Malmgren to MacroVoices. They discussthe knowledge doubling curve, collection and monetization of personal data,ephemeralization and its consequences & how autonomous vehicles will change the future. 

     Link: http://bit.ly/2QFZXKi

  35. All-Stars #86 Luke Gromen: The Fed’s “Whatever it Takes” moment is upon us

    All-Star Luke Gromen says the repo crisis was the Fed’s “Whatever it takes moment”, and balance sheet expansion is the name of the game for the foreseeable future

    Link:http://bit.ly/2ZrQNVt

  36. MacroVoices #199 Art Berman: Crude Oil Special

    Erik Townsend and Patrick Ceresna welcomeArt Bermanto MacroVoices.They discuss Art’s views on IEA’s forecast of oil glut in 2020, comparative inventory system, oil price outlook and more.

     

    Link: http://bit.ly/35SOKfI

  37. All-Stars #85 Jeff Snider: U.S. Dollar Year End Review & 2020 Outlook

    All-star Jeff Snider is back with a year-end review and 2020 outlook for the U.S. Dollar and the Eurodollar system

    Link: http://bit.ly/2Mn3DPr

  38. MacroVoices #198 Jim Bianco: Deep dive into fixed income

     Erik Townsend and PatrickCeresna welcome Jim Bianco to MacroVoices. They discuss Jim’s views on Zoltan Pozsar’s theory of repo dislocation, if QE4 is imminent in the near future and what’s on the horizon for the bond market and the fixed income market & more

    Link: http://bit.ly/2tvZOAY

  39. All-Stars #84 Louis-Vincent Gave : Tech stocks are at the same % of SPX Composition as the 1999 high

    All-Star Louis-Vincent Gave returns for an update on the S&P Christmas Rally, why Apple has outperformed despite the trade war, & Much more!

    Link: http://bit.ly/35sZUri

  40. MacroVoices #197 Juliette Declercq: Inflations is not in the cards

    MacroVoicesErik Townsend andPatrick Ceresna welcome Juliette Declercq to the show where Juliette decodes the FOMC statement & macro outlook, and translate that view into actionable trading strategies. Then Jeff Snider joins in the postgame to talk Repo.

    Link: http://bit.ly/2Pedb1c

  41. All-Stars #83 Jeff Snider: Objective analysis of global USD liquidity yields a different story than financial media are telling

    All-Star Jeff Snider is back with an update on global U.S. Dollar liquidity and what it means for the global economy and markets.

    Link: http://bit.ly/2PusQYZ

  42. MacroVoices #196 Mark Gordon: Why the age of oil abundance is about to end

    Erik Townsend and PatrickCeresna welcome Mark Gordon toMacroVoices. They discuss why inventory is not what drives the price, the regimechange from the age of peak oil to the age of oil abundance and possible impacts the recession will have on oil prices and more. 

    Link:http://bit.ly/33OC0EY

  43. All-Stars #82 Dr. Pippa Malmgren: Rule of Law, Hong Kong protests, Bullish on Innovation

    All-star Dr.Pippa Malmgren is back with an update on the rule of Law and the Hong Kong protests, plus why Pippa remains bullish on innovation and global growth

    Link: http://bit.ly/2OLPvAZ

  44. All-Stars #81 Brent Johnson: USD, S&P, China, Canada & Gold

    All-Star Brent Johnson is back with an update on the US Dollar, stocks, China, Canadian interest rates, Gold & More!

    Link: http://bit.ly/34HG9fd

  45. MacroVoices #195 Jeffrey Christian: Electric Vehicle Outlook and Precious Metals Update

    Erik Townsend and PatrickCeresna welcome Jeffrey Christian toMacroVoices. They discuss the uptrend of electric vehicles, what is going to be the mode of power in the future and how it will be delivered, and how replacing petroleum may impact geopolitics. 

    Link: http://bit.ly/2OOtrEB

  46. All-Stars #80 Prof. Steve Keen: QE by any other name is still QE!

    All-Star Prof. Steve Keen is back, and he says the Fed can call it whatever they want, but what they’re doing is still Quantitative Easing.

    Link: http://bit.ly/37C2xbA

  47. MacroVoices #194 Peter Boockvar: Inflation is Not a Prerequisite for Central Banks Changing Policy

    Erik Townsend and PatrickCeresna welcome PeterBoockvar toMacroVoices. They discuss if the US will get to negative interest rates, the inevitability of inflation and its effects on central banks, outlook on US/China trade negotiations and more.

    Link: http://bit.ly/337McIp

  48. All-Stars #79 Louis-Vincent Gave : Civil Unrest in Hong Kong and Around the Globe in Perspective

    All-Star Louis-Vincent Gave weighs in on latest developments at HK Poly University and Civil Unrest more generally around the globe, then concludes with market outlook

    Link: http://bit.ly/2O3C7Yt

  49. All-Stars #78 Jeff Snider : Market complacency is misplaced!

    All-Star Jeff Snider says markets are breathing a sigh of relief that the recession scare is over, but this complacency is misplaced!

    Link: http://bit.ly/32ZfU29

  50. MacroVoices #193 Charlie McElligott: Bond rally correction appears to be over

    Erik Townsend and PatrickCeresna welcome Charlie McElligott toMacroVoices. They discuss late cycle dynamics, how the CTA position estimating model works and if it’s time to buy gold & more. 

    Link: http://bit.ly/2KoEGCh

  51. All-Stars #77 Luke Gromen: You’re a conspiracy theorist if you call monetization ‘monetization’!

    All-Star Luke Gromen returns with an update on monetary policy and market outlook.

    Link: http://bit.ly/2qSMRje

  52. All-Stars #76 Juliette Declercq: Equity rally set to continue

    All-star Juliette Declercq returns with an update on her views on monetary policy and the equity market rally, which she says is set to continue higher.

    Link: http://bit.ly/2rrh5Ky

  53. MacroVoices #192 Keith McCullough : Inflation Accelerating

    Erik Townsend and PatrickCeresna welcome Keith McCullough toMacroVoices. They discuss the macro themes of the last quarter of 2019, what is next for the Chinese economy, long short pairs trade in software industry and more.

    Link: http://bit.ly/2JYhb2E

  54. All-Stars #75 Dr. Pippa Malmgren: Decoding the global explosion of civil unrest

    All-Star Dr. Pippa Malmgren explains why the explosion in civil unrest around the globe is all about breakdown of the social contract. Also Trump News Network and market outlook.

    Link: http://bit.ly/2CazFJ1

  55. MacroVoices #191 Alex Gurevich: Stop this conversation and pause this interview, go buy gold!

    Erik Townsend and PatrickCeresna welcome AlexGurevich toMacroVoices. They discuss the latest FOMC meeting, if it’s time to go long in the treasury market, outlook on gold and more. 

    Link: http://bit.ly/2JC44nC

  56. All-Stars #74 Brent Johnson: Expect ECB’s Christine Lagarde to take office and take action quickly!

    All-Star Brent Johnson expects Christine Lagarde to hit the ground running as she takes the helm of the ECB this week. Also stock and gold market outlooks.

    Link: http://bit.ly/2Jqf7QQ

  57. MacroVoices #190 Diego Parrilla: They'll change the rules to bail out the system

    Erik Townsend and Patrick Ceresna welcome Diego Parrilla to MacroVoices. They discuss Diego’s contrarian investment thesis, his concept of anti-bubbles, balanced portfolio construction and more. 

    Link: http://bit.ly/2BEKcMn

  58. All-Stars #73 Prof. Steve Keen: Rising Populism & Brexit update

    All-Star Prof. Steve Keen is back with an update on the recent surge in populism around the globe and Steve’s outlook for the resolution of the Brexit dilemma

    Link: http://bit.ly/31Amewu 

  59. All-Stars #72 Jeff Snider: The Supply-side of the Eurodollar equation

    All-Star Jeff Snider is back with more perspective on the global dollar liquidity situation, this time focusing on the supply rather than demand side of the equation.

    Link: http://bit.ly/2Jb9aXV

  60. MacroVoices #189 Stephanie Pomboy: S&P Earnings Do Not Equal Corporate Profits

    Erik Townsend and PatrickCeresna welcome StephaniePomboy toMacroVoices. They discuss the expansion of the FED’s balance sheet, the significance of the recent liquidity shock and the divergence between corporate profits and S&P and much more. In postgame, Rick Rule joins to discuss the strategies for participating ingold equity bull market. 

    Link: http://bit.ly/2qnxO0Y

  61. All-Stars #71 Julian Brigden: Geopolitical risks, Chinese liquidity dynamics & “not” QE

    All-Star Julian Brigden weighs in on the Saudi Arabia oil infrastructure attacks, Chinese liquidity, and the Fed’s QE that isn’t QE according to the Fed

    Link: http://bit.ly/33CcXFC

  62. All-Stars #70 Luke Gromen: The official narrative just FAILED!

    All-Star Luke Gromen says the official narrative just failed: The notion that the USD shortage would affect the rest of the world before it would affect the U.S. just collapsed according to Luke, and this creates investable opportunities.

    Link: http://bit.ly/35yXnw4

  63. All-Stars #69 Louis-Vincent Gave: Rangebound Markets

    All-Star Louis-Vincent gave returns for a detailed look at markets and an update on the developing situation in Hong Kong

    Link: http://bit.ly/2MynZ7S

  64. MacroVoices #188 : Variant Perception’s Tian Yang on Tail Hedges

    Erik Townsend and PatrickCeresna welcomeTian YangtoMacroVoices. They discuss the economic and liquidity leading indicators, the implications of US-China trade war on the markets, translating economic signals into market decisions and more. Later, Amir Adnani from Uranium Energy Corp joins in the postgame segment.

    Link: http://bit.ly/2M2Ke6P

  65. All-Stars #68 Danielle DiMartino Booth: Interpreting Friday’s Jobs data

    All-Star Danielle DiMartino-Booth is back to take a deeper look at last week’s Jobs report an share her analysis of what it means. Also free issue of Daily Feather newsletter.

    Link:http://bit.ly/2M0M6Nx

  66. All-Stars #67 Jeff Snider: Reconciling extreme treasury demand with declining bid-to-cover ratios

    All-Star Jeff Snider responds to listeners who have questioned how Jeff can say there’s a treasury shortage when bid-to-cover ratios are declining in treasury auctions.

    Link: http://bit.ly/2Vmfd0L

  67. All-Stars #66 Juliette Declercq: Break or Bounce time is here!

    All-Star Juliette Declercq says it’s time for the global economy to either break or bounce. Hear Juliette explain in detail in this episode.

    Link: http://bit.ly/31W7B7p

  68. MacroVoices #187 Eric Peters: The Era of Monetary Dominance will give way to Fiscal Dominance

    Erik Townsend and PatrickCeresna welcome Eric Peters toMacroVoices. They discuss the shift in dominance from monetary to fiscal policy, political drivers of changes in monetary policy and what impact the generational and political gap has on the economy and more. 

    Link: http://bit.ly/2IABbIj

  69. All-Stars #65 Luke Gromen: The Narrative Failure is upon us!

    All-Star Luke Gromen says we’re experiencing what Barton Biggs called “Narrative Failure”, and explains why the repo spike was neither “technical” nor “temporary”.

    Link: http://bit.ly/2mUbElv

  70. All-Stars #64 Brent Johnson: Even QE4 will only briefly reverse the Dollar’s climb

    All-star Brent Johnson says that even if Juliette Declercq is proven right and the Fed launches QE4, the reversal in the Dollar’s rise would only be temporary. Stocks higher, gold pullback.

    Link: http://bit.ly/2mU4aPG

  71. All-Stars #63 Juliette Declercq: This could mark the end of a chronic crisis rather than the beginning of an acute one

    All-star Juliette Declercq joins Jeff Snider and Danielle DiMartino Booth in saying the Fed is clueless with respect to the ongoing Repo crisis. Juliette gives the high-level picture to contrast Jeff’s deep analysis of the “plumbing”.

    Link: http://bit.ly/2nfMBJi

  72. MacroVoices #186 Harley Bassman: Volatility Does Not Equal Risk

    Erik Townsend and PatrickCeresna welcomeHarleyBassman toMacroVoices. They discuss theMOVE index as a leading economic indicator, how the upcoming election may affect both fiscal and monetary policy, and Harley’s article “The Opposite of Bad is Worse” and more. 

    Link: http://bit.ly/2lXbae7

  73. Energy Week #17: In the aftermath of Abqaiq

    This episode of Energy Week focuses on the future of the oil market and how the #Abqaiq attacks will change energy security policy. ALSO: Big announcement re: the future of Energy Week

    Link: http://bit.ly/2nl04zO

  74. All-Stars #62 Prof. Steve Keen: Why repo blew up last week and what it means

    All-Star Prof. Steve Keen is back with his perspective on last week’s repo market dislocation. Spoiler: this was NOT because the fiat system is collapsing, as some crypto die-hards have suggested

    Link: http://bit.ly/2mzL5BN

  75. All-Stars #61 Danielle DiMartino-Booth: The inmates are not running the asylum. Nobody is!

    All-Star Danielle DiMartino-Booth says the Federal Reserve has a serious management problem and is literally out of control.

    Link: http://bit.ly/2mn84jd

  76. All-Stars #60 Jeff Snider: Deep dive on the Repo Blowup

    All-Star Jeff Snider is back by popular demand to explain why the mainstream explanations for last week’s explosion in repo rates just doesn’t add up with the facts!

    Link: http://bit.ly/2mcArQV

  77. Hot Topic #3 Alex Gurevich: Follow-up from the Grant Williams interview

    Honte Investments’ hedge fund manager Alex Gurevich was so intrigued by Erik’s interview with Grant Williams that he wanted to add a few thoughts of his own….Link: http://bit.ly/2kuLbtG
  78. MacroVoices #185 David Rosenberg: Global Economy Still Deteriorating

    Erik Townsend and Patrick Ceresna welcome David Rosenberg to MacroVoices. They discuss the latest FOMC statement, recent dislocation in value & growth, outlook on the bond market and more. Link: http://bit.ly/2kU8sp4
  79. Energy Week #16: Abqaiq Processing Facility Attacks and their consequences

    This episode focuses entirely on #Abqaiq attacks and their knock-on consequences and effects. Anas Alhajji is boots-on-the-ground, reporting from Riyadh Saudi Arabia and Joe McMonigle joins us from Washington, DC.Link: http://bit.ly/2lWlqmm
  80. All-Stars #59 Julian Brigden: Can the Fed still save us from recession?

    MI2 Partners founder Julian Brigden is back with an update on recession outlook, fixed income, and the geopolitical events of last weekend.Link: http://bit.ly/2kntsUS
  81. All Stars #58 Dr. Pippa Malmgren: Abqaiq Saudi Arabia Drone Attacks - What’s at stake & what comes next

    All-Star Dr. Pippa Malmgren is back with a fantastic geopolitics interview focusing on the #Abqaiq (Saudi) drone attacks. Don’t miss this one, gang!Link: http://bit.ly/2mfWoi5
  82. All-Stars #57 Louis-Vincent Gave: Last week’s dislocation between value and growth

    All-Star Louis-Vincent Gave explains last Monday’s dramatic dislocation between value and growth stocks and why it was important. Also gold, Hong Kong update and more.
    Link: http://bit.ly/2mdWGGd

  83. All-Stars #57 Louis-Vincent Gave: Last week’s dislocation between value and growth

    All-Star Louis-Vincent Gave explains last Monday’s dramatic dislocation between value and growth stocks and why it was important. Also gold, Hong Kong update and more.Link: http://bit.ly/2mdWGGd
  84. MacroVoices Spotlight #2 Bob Coleman: Private Vaulting of Precious Metals = Independence from the Financial System

    When private investor Bob Coleman set out to find a place to store his own precious metals OUTSIDE the financial system, he found all the vaulting services had conflicts of interest, so he started his own!Link: http://bit.ly/2lMOzAv
  85. MacroVoices #184 Jeffrey Snider & Luke Gromen : Global U.S. Dollar Shortage Demystified

    Erik Townsend and Patrick Ceresna welcome Jeff Snider and Luke Gromen to MacroVoices. They discuss the impact of changing Eurodollar markets, the global dollar liquidity shortage and the future changes in global reserve currencies and more. Link: http://bit.ly/2lOWHQP
  86. All-Stars #56 Dr. Anas Alhajji: Oil Market Update (in lieu of ENERGY WEEK)

    Due to panelist travel schedules we were unable to bring you Energy Week this week. This oil market update from Dr. Anas Alhajji will substitute for this week’s ENERGY WEEK podcast.Link: http://bit.ly/2kF32hq
  87. All-Stars #55 Danielle DiMartino-Booth: Jay Powell’s exuberance over U.S. economy is unfounded!

    All-Star Danielle DiMartino-Booth says Jay Powell’s Zurich speech doesn’t jibe with economic reality. Also Carney’s Jackson Hole pitch and more.Link: http://bit.ly/2lLXNgb
  88. All-Stars #54 Prof. Steve Keen: China’s move to lower RRR and what it means

    All-Star Prof. Steve Keen is back for an update on China’s move over this past weekend to lower their required reserve ratio (RRR) and what it means.Link: http://bit.ly/2lMpBRu
  89. All-Stars #53 Juliette Declercq: What to expect from the ECB on Thursday

    All-Star Juliette Declercq weighs in on what to expect from the ECB this Thursday, as well as her own prescriptions for monetary policy.Link: http://bit.ly/2kAtLfb
  90. MacroVoices Spotlight #1 Niels Kaastrup-Larsen: Algorithmic Trading & Trend Following

    In the inaugural episode of MacroVoices Spotlight, Niels Kaastrup-Larsen explains why Trend Following has been the most successful long-term algorithmic trading strategy.Link: http://bit.ly/2lZOFEM
  91. MacroVoices #183 Grant Williams: Gold’s rise has just begun

    Erik Townsend and Patrick Ceresna welcome Grant Williams to MacroVoices. They discuss global negative yielding debt, outlook on Gold and what effect recession will have on the US stock market & more.
  92. All-Stars #52 Brent Johnson: Dollar breakout set to continue higher

    All-Star Brent Johnson says the U.S. Dollar breakout is set to continue higher. Brent still expects a pullback in gold, but sees it moving higher long-term.Link: http://bit.ly/2jZsUV0
  93. All-Stars #51 Luke Gromen: USD faces day of reckoning when it becomes clear Fed will have to monetize gov’t deficits

    All-Star Luke Gromen explains why the Fed will soon be forced to monetize U.S. government deficits, and why that has to spell serious trouble for the USD.Link: http://bit.ly/2kgI1tx
  94. MacroVoices #182 Summer Special Part 2: Danielle DiMartino-Booth and Peter Boockvar on the Future of Monetary Policy

    Erik Townsend and Patrick Ceresna welcome Danielle DiMartino-Booth and Peter Boockvar to MacroVoices. They discuss financial repression, outlook on US dollar, Europe, the ECB and Christine Lagarde & more.Link: http://bit.ly/2ZybGkr
  95. All-Stars #50 Prof. Steve Keen: Why BOE’s Mark Carney just pitched a global digital reserve currency at Jackson Hole and how central bankers think abo...

    All-Star Prof. Steve Keen explains why central bankers often make their boldest moves on their way OUT of office and what drove Mark Carney to propose a CBDC reserve currency at Jackson HoleLink: http://bit.ly/2Zr4oQo
  96. All-Stars #49 Jeff Snider: Yield curves don’t lie. But central bankers sometimes do.

    All-Star Jeff Snider explains why Janet Yellen is wrong to think term premia explain why the bond market is signaling deflation. Great slide deck too!Link: http://bit.ly/2zoJVvS
  97. MacroVoices #181 Summer Special Part 1: Danielle DiMartino-Booth and Peter Boockvar on the Future of Monetary Policy

    Erik Townsend and Patrick Ceresna welcome Danielle DiMartino-Booth and Peter Boockvar to MacroVoices. They discuss the FOMC statement, risks of a recession in the U.S. and inflation risks moving forward, and much more.Link: http://bit.ly/31UNp5C
  98. All-Stars #48 Dr. Pippa Malmgren: It’s not really 1929. Don’t panic.

    All-Star Dr. Pippa Malmgren is back. She disagrees with the many market observers who believe we’re on the edge of the cliff, and offers bullish arguments for markets & the economy.Link: http://bit.ly/2ZkMaz4
  99. All-Stars #47 Luke Gromen: It’s not Stocks or Bonds but the USD that is the “odd man out”

    All-Star Luke Gromen is back for another fantastic All-Stars Interview. Why it’s the USD (not stocks or bonds) that is mispriced, and why it sets up an equity bear trap. Great interview!Link: http://bit.ly/2Z2EBxn
  100. All-Stars #46 Prof. Steve Keen: Yield curve inversion, recession & private debt

    All-Star Prof. Steve Keen is back for another great interview. Steve still doesn’t expect a MAJOR U.S. recession, but concedes the yield curve inversion is a signal to be taken seriously. More perspective on policy failure. Link: http://bit.ly/2TBOJaJ

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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