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

    MacroVoices Erik Townsend and PatrickCeresna 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

  2. 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

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

    MacroVoicesErik Townsend andPatrickCeresna welcomeLuke 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

  4. MacroVoices #234 Brent Johnson: The Dollar is Not Dead

    MacroVoices Erik Townsend and Patrick Ceresna welcome Brent Johnson to the show to discuss the U.S. Dollar in depth, including why Brent thinks the dollar bears are declaring victory prematurely. They also discuss stocks, gold, and much more.

    Link: https://bit.ly/2YFAfu2

  5. MacroVoices #233 Jesse Felder: How Long Can Stock Market Mania Continue?

    MacroVoicesErik Townsend andPatrick Ceresna welcome Jesse Felder to the show to discuss everything from the stock market, to the U.S. dollar, to gold & much more.

    Link: https://bit.ly/2CJ3Hrc

  6. MacroVoices #232 Vincent Deluard: The Nuclear Winter of the 60/40 Portfolio

    MacroVoices Erik Townsend and PatrickCeresna welcomeVincentDeluard to the show to discuss the shortcomings of 60/40 portfolio, why inflation still hasn’t happened, and if the U.S. dollar is facing the beginning of its demise and more. 

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

  7. MacroVoices #231 Jim Bianco: Coronavirus, MMT, U.S. Dollar, All Leads to Gold

    MacroVoices Erik Townsend and PatrickCeresna welcome Jim Bianco to the show to discusseverything fromif Jim has indeed turned bullish, coronavirus update, fixed income markets, what’s next for US dollar & much more.

    Link: https://bit.ly/3krJ8Rp

  8. MacroVoices #230 Summer Special: Deep Dive into U.S. Dollar with Jeff Snider

    MacroVoices Erik Townsend and PatrickCeresna welcome Jeff Snider to the show to discuss the U.S. Dollar system, structurally how it works and why it’s leading systemically to a dollar shortage. 

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

  9. MacroVoices #229 Summer Special: Grant Williams Unplugged

    MacroVoices Erik Townsend and Patrick Ceresna welcome Grant Williams to the show to discuss how long the central bank balance sheet expansion will continue, comparison between this recession to the past recessions, outlook on gold, US/China relations and more. 


    Link: https://bit.ly/2CV3H7j

  10. MacroVoices #228 Lyn Alden: The Road to Inflation

    MacroVoices Erik Townsend and PatrickCeresna welcome Lyn Alden to the show to discuss the recession, equity markets, bond yields, gold, inflation, and much more. 

    Link: https://bit.ly/3jfl2bY

  11. Spotlight #4 Artem Milinchuck: Farmland Investing Now Available to All Accredited Investors - The Future of Investing

    FarmTogether founder Artem Milinchuck joins Erik Townsend to discuss Farmland Investing; why it’s been the favored trade of billionaires and how FarmTogether is making this asset class available to all accredited investors.

    Link: https://bit.ly/2W8czNL

  12. MacroVoices #227 Hugh Hendry: He's BAAAAACK!!!

    MacroVoices Erik Townsend and PatrickCeresna welcome Hugh Hendry to the show to discuss everything from Caribbean real estate to his come-back in the world of macro & more 

    Link: https://bit.ly/38HpSJR

  13. MacroVoices #226 Charlie McElligott Explains the Upside Catalyst for Equity Market

    MacroVoices Erik Townsend and PatrickCeresna welcome Charlie McElligott to the show to discuss what’s keeping stock prices elevated in the face of a global pandemic, treasury yields, and much more. And be sure to stay tuned for our postgame segment, when Harley Bassman, inventor of the MOVE Index, returns to talk options with Patrick.

    Link: https://bit.ly/2ZvC5gF

  14. MacroVoices #225 Harley Bassman: The long slow road to inflation

    MacroVoices Erik Townsend and PatrickCeresna welcome HarleyBassman to the show to discusseverything from the recession outlook to the coming shift from deflation to inflation, and what it means for fixed income markets & more. 

    Link: https://bit.ly/2CIZ4x5

  15. All-Stars #110 Dr. Anas Alhajji: Rebalancing the global oil market will take ~1 year

    All-star Dr. Anas Alhajji joins us on the final episode of MacroVoices All-Stars and shares his outlook for global crude oil markets.

    Link: https://bit.ly/2BxlOPQ

  16. MacroVoices #224 Art Berman: Expect oil prices to move down, then up, then WAY up

    MacroVoicesErik Townsend and Patrick Ceresna welcomeArt Berman to the show for another crude oil special! They discuss everything from U.S. production dynamics to the price forecast and more.

    Link: https://bit.ly/2zIZPoG

  17. All-Stars #109 Louis-Vincent Gave: Why Xi Jinping needs to save rather than destroy Hong Kong

    All-Star Louis-Vincent Gave returns for an update on Hong Kong, the USD, and U.S. Civil Unrest


  18. MacroVoices #223 Diego Parrilla: False Diversification and Risk Parity Unwind

    MacroVoices Erik Townsend and PatrickCeresna welcome Diego Parrilla to the show to discuss the post-COVID19 economic and market recovery, the coming transition to secular inflation, precious metals, and much more. 

    Link: https://bit.ly/37qPgD5

  19. All-Stars #108 Luke Gromen: Central Banks on Steroids

    All-Star Luke Gromen is back to talk about how the Fed is tapering its balance sheet expansion and what that would mean for the markets.

    Link: https://bit.ly/3h65Jkt

  20. MacroVoices #222 Vikram Mansharamani: Post-COVID19 Economic Outlook

    MacroVoicesErik Townsend andPatrick Ceresna welcome Vikram Mansharamanito the show to discuss how supply chains are restructuring in the wake of the COVID19 pandemic, the coming secular shift from deflation to inflation, and much more.

    Link: https://bit.ly/30aOgSc

  21. All-Stars #107 Jeff Snider: Huge Money Printing Speaks For Itself, So Why Is Jay Powell Trying To Sell It So Aggressively?

    All-Star Jeff Snider is back to talk about how the most aggressive monetary program in the Fed's history hasn't moved the needle one bit and how Jay Powell took his show on the road to 60 Minutes and lied repeatedly.
  22. MacroVoices #221 Ronald Stöferle: In Gold We Trust

    MacroVoicesErik Townsend andPatrick Ceresna welcome Ronald Stöferleto the show to discuss all things gold, including both the metals and the mining stocks & more.

    Link: https://bit.ly/2XCfA92

  23. All-Stars #106 Dr. Pippa Malmgren: The Post-COVID19 Economy Recovery and U.S.-China Relations

    All-star Dr. Pippa Malmgren is back with commentary on how the recovery is likely to play out in both the real economy and financial markets, and how U.S.-China relations will fare going forward

    Link: https://bit.ly/2ZG1QwC

  24. MacroVoices #220 Daniel Lacalle: Fiat Currency Debasement, Central Banks and Gold

    MacroVoices Erik Townsend andPatrick Ceresna welcomeDaniel Lacalle to the show to discuss the secular transition from deflation to inflation, hard assets generally, precious metals, the stock market outlook, and much more.

    Link: https://bit.ly/2ZsMf3g

  25. Spotlight #3 Scott Lynn: Securitized Investment in Fine Art

    Fine Art investing expert Scott Lynn, founder of Masterworks.io joins Erik Townsend for an in-depth discussion of fine art investing including the securitized approach to investing in blue chip classic artworks being pioneered by Masterworks.io

    Link: https://bit.ly/2LBhXmM

  26. All-Stars #105 Juliette Declercq: Post-crisis economic recovery

    All-Star Juliette Declercq returns to discuss views on deflation vs. inflation, if MMT is what makes the difference between depression and reflation and post-crisis equity outlook.

    Link: https://bit.ly/2AFOUwd

  27. MacroVoices #219 Dr. Ben Hunt: Charting the post COVID-19 economic recovery

    MacroVoices Erik Townsend and PatrickCeresna welcome Dr. Ben Hunt to the show to discuss the three narratives of the coronavirus crisis, if there will be a secular shift from deflation to inflation and how Frontline Heroes is supporting healthcare workers. 

    Link: https://bit.ly/3fIMBIG

  28. All-Stars #104 Brent Johnson: Dollar, SPX, Gold & Commodities update

    All-star Brent Johnson joins Erik Townsend for an update on the US Dollar, S&P 500, Gold, Gold mining shares, and commodities generally in the COVID19 aftermath.

    Link: https://bit.ly/2SW5aPP

  29. MacroVoices #218 Lakshman Achuthan: What cycles teach us about what to expect post coronavirus

    MacroVoicesErik Townsend andPatrick Ceresna welcomeLakshman Achuthan to the show to discuss what cycle need to be focused on during this crisis, the three D’s of recession, and what economic cycles teach us about what to expect next.

    Link: https://bit.ly/2Wce4dY

  30. MacroVoices #217 Dr. Lacy Hunt: The Road Through Deflation Toward Eventual Hyperinflation

    MacroVoices Erik Townsend and PatrickCeresna welcome Dr. Lacy Hunt to the show to discuss his core thesis on interest rates and inflation, how to interpret FED policy on inflation and perspectives on the FED bailing out the high yield market 

    Link: https://bit.ly/2xrUpgO

  31. All-Stars #103 Jeff Snider: The Myth of Central Bank Market Support (and liquidity)

    All-Star Jeff Snider is back! Jay Powell has added $1.5 trillion in bank reserves in just eight weeks, so where's all the money? It's conspicuously missing from all the places it should be showing up.

  32. Hot Topic #14: Crude Oil BLACK SWAN ALERT with Jim Bianco

    The two guys who predicted the Coronavirus Pandemic back in January, Jim Bianco and Erik Townsend say there could be another crisis brewing in the Crude Oil Market!

    Link: https://bit.ly/2zuF2ok

  33. MacroVoices #216 David Rosenberg: Stagflation is coming but not yet

    MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show to discuss the general market outlook, investment strategies to navigate market volatility and impacts of COVID-19 crisis on emerging markets and more.

    Link: https://bit.ly/2S4WOoF

  34. All-Stars #102 Louis-Vincent Gave: Charting a path toward post-COVID macro reality

    All-Star Louis-Vincent Gave returns with his perspective as to what lays ahead after the #COVID19 crisis.

    Link: https://bit.ly/3cChnRl

  35. MacroVoices #215 Chris Cole: Dragon portfolio revisited in the eye of the storm

    MacroVoices Erik Townsend and Patrick Ceresna welcome Chris Cole to the show to give us a recap on what dragon portfolio is, how it has performed in the COVID-19 crisis and what implications a dragon portfolio can face in secular inflation & more.

    Link: https://bit.ly/3et5EWP

  36. All-Stars #101 Julian Brigden: USD and SPX outlook in the wake of COVID-19

    All-star @JulianMI2 returns to discuss the post-crisis direction of the dollar and the stock market

    Link: https://bit.ly/2Xx20VL

  37. MacroVoices #214 Eric Peters: Knock-on effects of the Coronavirus Crisis

    MacroVoicesErik Townsend andPatrick Ceresna welcome Eric Peters from One River Asset Management to talk about the impacts of coronavirus on the recent market dislocation and the implications of the recent record-setting monetary intervention and more.

    Link: https://bit.ly/3c7Doaa

  38. Hot Topic #13: Gold for Grownups! Jeff Christian debunks the myths of the market.

    CPM Group founder Jeff Christian debunks popular myths and explains how the physical precious metals market really works.

    Link: https://bit.ly/3dYyCO2

  39. All-Stars #100 Dr. Pippa Malmgren: Socio-economic implications of the Coronavirus Crisis

    All-Star Dr. Pippa Malmgren returns to share her insights on whether the virus or the government ‘cure’ will be worse, and what lies ahead for the U.S. economy

    Link: https://bit.ly/2JO2FKE

  40. Hot Topic #12: Oil Market Special with Art Berman and Nate Hagens

    Petroleum Geologist Art Berman and Prof. Nate Hagens join Erik Townsend for an oil market special. We start with the current OPEC+ deal breakdown and outlook then move on to the long-term picture.

    Link: https://bit.ly/34gkbkc

  41. MacroVoices #213 Josh Crumb: Deciphering the Gold market

     MacroVoices Erik Townsend and PatrickCeresna welcome Josh Crumb to the show to discuss gold-oil ratio, pricing models for gold relative to both crude oil and real interest rates, and what lies ahead for precious metals & much more. 

    Link: https://bit.ly/2R6iGj0

  42. 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

  43. 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

  44. 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

  45. 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

  46. 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

  47. 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

  48. 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

  49. 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

  50. 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

  51. 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

  52. 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

  53. 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 

  54. 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

  55. 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

  56. 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

  57. 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

  58. 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

  59. 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


  60. 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

  61. 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

  62. 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

  63. 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

  64. 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

  65. 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 

  66. 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

  67. 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

  68. 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

  69. 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

  70. 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


  71. 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

  72. 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

  73. 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

  74. 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

  75. 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

  76. 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


  77. 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

  78. 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

  79. 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

  80. 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

  81. 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

  82. 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

  83. 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. 


  84. 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

  85. 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

  86. 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

  87. 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

  88. 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

  89. 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

  90. 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

  91. 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

  92. 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

  93. 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

  94. 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

  95. 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

  96. 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

  97. 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

  98. 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

  99. 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 

  100. 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

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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