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...

Front cover 1 200Discover Erik's
New Book

Welcome to Macro Voices

Always FREE of charge! Registration Never Required but we do recommend it! Just click on any player below to listen Now!

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 #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

  2. 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

  3. 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

  4. 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

  5. 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 

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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

  16. 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

  17. 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

  18. 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

  19. 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

  20. 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

  21. 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

  22. 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

  23. 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

  24. 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

  25. 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

  26. 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

  27. 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

  28. 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

  29. 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

  30. 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

  31. 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

  32. 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

  33. 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

  34. 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

  35. 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

  36. 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

  37. 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

  38. 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

  39. 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 

  40. 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

  41. 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

  42. 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

  43. 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

  44. 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

  45. 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

  46. 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

  47. 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

  48. 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

  49. 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

  50. 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

  51. 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

  52. 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

  53. 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

  54. 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

  55. 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

  56. 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

  57. 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

  58. 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
  59. 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
  60. 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
  61. 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
  62. 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
  63. 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

  64. 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
  65. 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
  66. 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
  67. 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
  68. 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
  69. 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
  70. 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
  71. 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
  72. 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.
  73. 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
  74. 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
  75. 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
  76. 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
  77. 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
  78. 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
  79. 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
  80. 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
  81. 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
  82. MacroVoices #180 Daniel Lacalle: The bond market gets it. Global Stocks get it. The S&P 500 has been slow to get the memo.

    Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices. Erik and Daniel discuss the risks of competitive devaluation, how the global demand for the dollar is driving the monetary policy & the outlook on gold and its new correlation to the dollar. Link: http://bit.ly/2KUwOYW
  83. Energy Week #15: Trade wars, demand outlook, and Saudi Aramco IPO. Panel Alhajji/McMonigle/Chigrl

    Energy Week #15 featuring Anas Alhajji, Tracy Shuchart and Joe McMonigle, covers Trade Wars, OPEC, Saudi policy, Gloomy demand forecasts & more.Link: http://bit.ly/33JwiFI
  84. All-Stars #45 Louis-Vincent Gave: Hong Kong, Gold, Bond Yieds, & Stocks

    Hong Kong resident Louis-Vincent Gave weighs in on the unrest there and what it means for markets, then we cover gold, bond yields, and stocks. Great interview!Link: http://bit.ly/2TtzujT
  85. All-Stars #44 Jeffrey Snider: The real story on the Chinese Yuan devaluation

    All Star Jeff Snider describes a far more intricate and complex explanation for the Yuan breaking 7 to the USD and explains what it means.Link: http://bit.ly/33sIgTT
  86. All-Stars #43 Luke Gromen: Central Banks Ditch Gold-Buying Agreement (But keep buying gold)

    All-Star Luke Gromen weighs in on why central banks dumped the Central Bank Gold Agreement but keep buying gold hand-over-fist. Great interview! Link: http://bit.ly/33p8Ld2
  87. MacroVoices #179 Ronald-Peter Stöferle: Gold/Precious Metals Special

    Erik Townsend and Patrick Ceresna welcome Ronald-Peter Stöferle to MacroVoices. Erik and Ronald discuss why gold is an important asset to own, gold as equity hedge, global de-dollarization and sovereign gold holdings and much more.
  88. Energy Week #14: Mayhem in the Market: China Trade Wars, Forward Curve Fireworks & More!

    Energy Week dives into the Trade Wars and other factors driving the energy price collapse, forward curve fireworks, and much more! Panelists Art Berman, Chris Cook and Patricia Hemsworth
  89. All-Stars #42 Brent Johnson: Still bullish the USD

    All-Star Brent Johnson remains convinced the USD is headed higher, despite market fireworks of the last few days. Extensive discussion of gold and stocks as well.Link: http://bit.ly/2YKK5fs
  90. All-Stars #41 Juliette Declercq: Powell should be fired!

    All-Star Juliette Declercq says Jay Powell blew it last week, and should be fired for it! She says the Fed had the chance to contain the USD ascent but blew it. Great interview! Link: http://bit.ly/2YK4D7J
  91. Hot Topic #2 Dr. Hal & Dr. Pippa Malmgren: Father/Daughter Presidential Advisor Team

    This special interview with Dr. Harald Malmgren and Dr. Pippa Malmgren was a real treat to record! The father/daughter team disagrees on many present economic issues, and we get a glimpse into growing up Malmgren.Link: http://bit.ly/2Zw96Iv
  92. All-Stars #40 Prof. Steve Keen: Why Steve does NOT see a U.S. recession on the horizon

    Despite being perceived as an economic perma-bear, Prof. Steve Keen says he’s NOT anticipating a U.S. recession any time soon. We also cover his outlook for the rest of the world.Link: http://bit.ly/2GKJgZN
  93. MacroVoices #178 Mark Cudmore: Bearish global growth and equity markets, expecting an imminent decline in stock prices

    Erik Townsend and Patrick Ceresna welcome Mark Cudmore to MacroVoices. Erik and Mark discuss the global growth and economy outlook, US and China trade negotiations, US equity market and its effects on emerging markets. Special postgame guest: Danielle DiMartino BoothLink: http://bit.ly/2YETLYN
  94. Energy Week #13: EIA Draw—where did the oil go? Panelists Berman/Alhajji/Shuchart

    Energy Week starring Art Berman, Anas Alhajji and Tracy Shuchart covers the big EIA draw (where did that oil go?), E&P equity price trend & much more.
  95. All-Stars #39 Jeffrey Snider: A deeper dive into Fed Funds and IOER

    All-Star Jeff Snider responds in detail to feedback we received from his July 15 All-Stars interview. We explore why IOER is SUPPOSED to be a “double floor” below EFF, and why it’s really not.Link: http://bit.ly/2YxbNfB
  96. All-Stars #38 Danielle DiMartino-Booth: FOMC Preview

    All-Star Danielle DiMartino Booth gives a briefing on what to expect from Wednesday’s FOMC Press Release, 25 or 50 bps? How will the ECB React? And much more!Link: http://bit.ly/2LMsaPc
  97. All-Stars #37 Dr. Pippa Malmgren: Iran, Trump News Network, and Facebook’s $5bn fine

    All-Star Dr. Pippa Malmgren weighs in on Iran geopolitical risks, updates her thesis on President Trump having ambitions for a news network after the white house, and comments on Facebook’s $5bn fine. Link: http://bit.ly/2ZffYK1
  98. MacroVoices #177 Peter Warburton: Inflation or Stagflation? And how will it occur?

    Erik Townsend and Patrick Ceresna welcome Dr. Peter Warburton to MacroVoices. Erik and Dr. Warburton discuss the factors that affect long term outlook for inflation, the history of inflation targeting and inflation controls and Dr. Warburton’s “Blowing Up the Box”
  99. Energy Week #12: Prices down on a 10.8mm bbl draw, Iran, Pemex Hedge & More. Hemsworth/Berman/Cook

    Energy Week featuring Art Berman, Chris Cook and Patricia Hemsworth covers the super-drawdown, price reaction, Iran, Pemex Hedge & more.Link: http://bit.ly/2SDxxRr
  100. All-Stars #36 Julian Brigden: Pensions, Curve Inversions, and 10yr outlook

    All-Star Julian Brigden on the implications of deflation for the Pension system, whether a recession is possible without a yield curve inversion, and the 10yr yield outlook.Link: http://bit.ly/2y7edTn

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.

Go to top