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Viktor Shvets

Erik Townsend and Patrick Ceresna welcome Viktor Shvets to MacroVoices. Erik and Viktor discuss:

  • The inflation pendulum
  • Monetary policy and its relationship to the stock market
  • Negative interest rates and gold
  • Will the Fed tighten or ease?
  • Post Covid geopolitics between US/China/Russia
  • What’s priced wrong and where are investment opportunities?
  • How to invest during the re-opening of the economy

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

Download the podcast transcript: [Click Here]

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Darius Dale

Erik Townsend and guest host Kevin Muir welcome Darius Dale to MacroVoices. Erik and Darius discuss:

  • Deflation or inflation?
  • Omicron effects on the markets
  • How will recovery impact asset prices post-pandemic? 
  • End of stimulus and what that means for the markets
  • Fed is late to tighten – where does this go next?
  • Impending secular inflation vs. 1970’s inflation
  • Outlook on gold and precious metals
  • Quantifying potential downside in the stock market

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Darius will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Grant Williams to MacroVoices. Erik and Grant discuss:

  • Are central banks leading us to inflation trap?
  • Will the Fed follow through with tapering?
  • Omicron effects on reopening of the economy
  • Asset allocation in current market conditions
  • Tesla – will it finally roll over and break?
  • Disparity between oil displacement and transition to green energy
  • Foreign affairs – US/Russia/China relations 

 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Louis-Vincent Gave

Erik Townsend and Patrick Ceresna welcome Louis-Vincent Gave to MacroVoices. Erik and Louis discuss:

  • Omicron effects on the markets
  • Fed’s tapering – is it real this time?
  • Is the Fed heading into an inflation trap?
  • Final era of oil 
  • US/China & US/Russia relations post COVID
  • Precious metals, US Dollar and cryptocurrency

Download the podcast transcript: [Click Here]

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Jesse Felder

Erik Townsend and Patrick Ceresna welcome Jesse Felder to MacroVoices. Erik and Jesse discuss:

  • Inflation vs Deflation
  • What happens if there is no correction in nominal prices?
  • "The Buffet Yardstick”
  • What is in store for equity markets next year?
  • Precious metals and mining stocks – where is the opportunity? 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Jesse will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Francesco Filia

Erik Townsend and Patrick Ceresna welcome Francesco Filia to MacroVoices. Erik and Francesco discuss:

  • DeFi – Decentralized Finance
  • Will bonds be replaced with new credit instruments?
  • The next step leading to DeFi
  • Displaced bonds and what that would mean for investors
  • Cryptocurrency and digital lending
  • What to expect in digitization of financial industry 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Francesco will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Julian Brigden

Erik Townsend and Patrick Ceresna welcome Julian Brigden to MacroVoices. Erik and Julian discuss:

  • Inflation, deflation or disinflation?
  • Core PCE and Final Demand PPI
  • Precious metal outlook
  • Backing up of rates and how far can it go?
  • Is the Fed going to taper?
  • Warning about the 1960’s

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Julian will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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David Rosenberg

Erik Townsend and Patrick Ceresna welcome David Rosenberg to MacroVoices. Erik and David discuss:

  • Inflation outlook
  • Powell’s latest comments
  • Will there be a meaningful correction?
  • Commodities supercycle
  • Outlook on gold and crypto currency
  • What’s next for US dollar

    Breakfast with Dave 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Lyn Alden

Erik Townsend and Patrick Ceresna welcome Lyn Alden to MacroVoices. Erik and Lyn discuss:

  • Long-term debt cycle
  • Lessons from the 1940’s financial repression 
  • Will the government keep the inflation going?
  • Bonds vs. Inflation
  • Broad money and CPI
  • The oil cycle
  • Perspectives on monetary and fiscal policy
  • Portfolio composition in current landscape

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Lyn will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Jeff Snider

Erik Townsend and Patrick Ceresna welcome Jeff Snider to MacroVoices. Erik and Jeff discuss:

  • Secular or transitory inflation?
  • Increase in energy prices and CPI
  • How will the government respond?
  • Foreign investment in bond market 
  • Lack of investing in oil market 
  • Bond market as inflation indicator
  • Why Yellen and Powell may be right

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Jeff will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Ole Hansen

Erik Townsend and Patrick Ceresna welcome Ole Hansen to MacroVoices. Erik and Ole discuss:

  • Price of energy & green investing focus
  • Post pandemic demand increase & supply chain disruptions
  • Inflation hedge in current environment
  • Outlook on oil and energy
  • Precious metals, uranium and nuclear power
  • Impacts of weather on supply for agriculture production

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Ole will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Mike Green

Erik Townsend and Patrick Ceresna welcome Mike Green to MacroVoices. Erik and Mike discuss:

  • Views on the latest FOMC meeting
  • Outlook on equity markets, gold and crude oil
  • China’s impact on commodities
  • Which way will the bond yields go?
  • Impacts of Cryptocurrency and DeFi on central banks
  • Benefits of tokenized digital dollar

 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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David Hay

Erik Townsend and Patrick Ceresna welcome David Hay to MacroVoices. Erik and David discuss:

  • Inflation and Greenflation 
  • Outlook on equities
  • Paul Tudor Jones’ “Range Expansion” 
  • Breakouts and Breakdowns
  • Cryptocurrencies & Gold
  • Investment strategies in current environment
  • Wage inflation and employment shortages

 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Luke Gromen

Erik Townsend and Patrick Ceresna welcome Luke Gromen to MacroVoices. Erik and Luke discuss:

  • Is this inflation transitory or structural?
  • Secular inflation and tax receipts
  • How MMT may impact monetary policy moving forward
  • How will central banks respond?
  • Politics and policy – what it means for asset allocation
  • Outlook on bond yields, US dollar, bitcoin and gold

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Cullen Roche

Erik Townsend and Patrick Ceresna welcome Cullen Roche to MacroVoices. Erik and Cullen discuss:

  • Trillion-dollar coin and debt ceiling
  • Stagnant economy and inflation
  • Modern Monetary Theory
  • Will inflation turn into stagflation?
  • Fed’s response to inflation
  • Keynesian’s counter cyclical policy
  • Outlook on equities, dollar and bond yields 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Russell Napier to MacroVoices. Erik and Russell discuss:

  • Current situation in China and its impacts on inflation
  • Interest rates and inflation
  • China’s influence on central banks facing inflation
  • Collectivism and its implications on central banks
  • Outlook for bond rates
  • Impacts of inflation on stock market
  • Financial repression – how will it unfold?
  • Outlook on equities and gold

 Find out more about Russell's new course at www.didaskoeducation.org or you can contact Russell at This email address is being protected from spambots. You need JavaScript enabled to view it.

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Jeroen Blokland

Erik Townsend and Patrick Ceresna welcome Jeroen Blokland to MacroVoices. Erik and Jeroen discuss:

  • Is inflation transitory?
  • Policy response to inflation
  • Supply chain disruption
  • Bullish sentiment in the stock market
  • Portfolio allocation
  • Reflecting on last week’s FOMC 
  • China and Evergrande
  • Perspectives on Bitcoin

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Jeroen will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

  

David GarofaloSPECIAL POST GAME GUEST- David Garofalo

 

 

 

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Juliette Declercq

Erik Townsend and Patrick Ceresna welcome Juliette Declercq to MacroVoices. Erik and Juliette discuss:

  • Macro outlook
  • The two types of inflation
  • Unemployment rate and wage inflation
  • How will the Fed react to rising wages?
  • Wealth accumulation by generations and income inequality
  • Supply and demand imbalances

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Juliette will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Jim Bianco

Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. Erik and Jim discuss:

  • Is this inflation secular or cyclical?
  • Wage inflation and unemployment rate
  • Correlation between inflation and interest rate
  • Is this beginning of a bond-bear market?
  • Investment strategy in the current bond market landscape
  • Will Jay Powell be re-appointed?
  • Outlook on China
  • Perspectives on DeFi 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Paul Krake

Erik Townsend and this week's guest host Kevin Muir welcome Paull Krake to MacroVoices. Erik and Paul discuss:

  • Major macro themes to observe
  • Megathematics
  • Perspectives on China
  • Hong Kong’s loss of independence and its impact on financial landscape
  • Climate change and ESG trend
  • Will the FED actually taper?
  • What’s next for digitization and DeFi

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Kevin will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Wayne Himelsein

Erik Townsend and Patrick Ceresna welcome Wayne Himelsein to MacroVoices. Erik and Wayne discuss:

  • Long Vol vs. Short Vol strategies
  • Mitigating carry cost of long vol strategies 
  • Actively trading to manage negative carry
  • Straddles as a long vol trade 
  • Sizing a long vol hedge in a portfolio
  • Dynamic management of a long vol trade

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Wayne will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Dr. Pippa Malmgren

Erik Townsend welcomes Dr. Pippa Malmgren and Clint Cox to MacroVoices. Erik and the guests discuss:

  • Importance of Decentralized Finance
  • How to navigate DeFi revolution as an investor
  • Will credit be re-engineered in a digital currency system?
  • Geopolitical consequences of displacing USD as global reserve currency with new digital central bank reserve asset

Download the podcast transcript: [Click Here]

 

 

 

 

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Dr. Pippa Malmgren

Erik Townsend welcomes Dr. Pippa Malmgren and Clint Cox to MacroVoices. Erik and the guests discuss:

  • Digital currency & decentralized finance vs. conventional currency and finance system
  • Cryptocurrency, Central Bank Digital Currencies and Silicon Valley Digital Currencies
  • Can CBDCs coexist peacefully with non-government cryptocurrencies?
  • Big tech impact on digital currency systems

Download the podcast transcript: [Click Here]

 

 

 

 

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Lakshman Achuthan

Erik Townsend and Patrick Ceresna welcome Lakshman Achuthan to MacroVoices. Erik and Lakshman discuss:

  • Will there be disinflation before secular inflation?
  • Global Manufacturing PMI & Industrial Growth cycles
  • Post GFC – when does national debt becomes problematic?
  • Commodities – what to expect cyclically
  • Outlook on precious metals
  • Does the downturn in economic cycle call for recession?

 Download the podcast transcript: [Click Here]

 

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Lakshman will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

Grant Williams

SPECIAL POST GAME GUEST- Grant Williams

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Brent Johnson

Erik Townsend and Patrick Ceresna welcome Brent Johnson to MacroVoices. Erik and Brent discuss:

  • Resiliency of the US dollar
  • The Dollar Milkshake Theory
  • Inflation vs Deflation
  • Portfolio allocation
  • Gold, Bitcoin and digital assets
  • Agricultural commodities vs industrial commodities

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Brent will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Bill Blain

Erik Townsend and Patrick Ceresna welcome Bill Blain to MacroVoices. Erik and Bill discuss:

  • Is Inflation here to stay?
  • Threat of stagflation 
  • How probable is runaway inflation?
  • Chinese capitalism vs Western capitalism
  • Outlook on US/China relations
  • Gold vs Crypto
  • How to hedge in real asset market
  • MMT and wealth inequality
  • Perspectives on ESG

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Darius Dale

Erik Townsend and Patrick Ceresna welcome Darius Dale to MacroVoices. Erik and Darius discuss:

  • Inflation vs. Deflation
  • Trend in growth
  • Measuring trend change and trend reversal
  • Impending “second wave” of secular inflation
  • How to invest in secular inflation narrative
  • Long-term outlook on monetary policy
  • Cyclical forces in the economy

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Darius will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Aaran Param

Erik Townsend and Patrick Ceresna welcome Aaran Param to MacroVoices. Erik and Aaran discuss:

  • Inflation – secular or transitory?
  • Where to invest in equity market
  • What’s next for the dollar
  • How to play EM vs DM
  • Perspectives on China
  • Bond market outlook
  • Commodity super cycle
  • Oil, gold & precious metals

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Viktor Shvets to MacroVoices. Erik and Viktor discuss:

  • Inflation vs. disinflation
  • “Everything will go to zero”
  • Cause of changes in economic behavior and social attitude
  • Generation cycles and fourth turning
  • Capital markets and Fed policy – where are they headed?
  • Is the only possible direction for interest rates to go up?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Eric Peters

Erik Townsend and Patrick Ceresna welcome Eric Peters to MacroVoices. Erik and Eric discuss:

  • Views on current inflation narrative
  • How to hedge in a transitory inflation environment
  • Consequences and implications of secular inflation
  • How long it will take for inflation to go from “good” to “bad”
  • Will digital currency eventually replace fiat currency?
  • Will Bitcoin benefit from CBDC?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices. Erik and Daniel discuss:

  • Views on inflation
  • Recovery – how differences in sentiment will impact demand
  • Logic behind central banks policy trend toward tapering
  • Where will continued money printing lead us?
  • Perspectives on ESG aware investing trend
  • Energy market outlook
  • Digital currency – where are we headed?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Philip Verleger to MacroVoices. Erik and Philip discuss:

  • IEA’s forecast on shutting down the oil industry
  • What will happen to price action at the wind-down of the industry
  • Perspectives on inflation
  • What would happen if this inflation is not transitory?
  • Carbon sequestration and carbon credits
  • Metals and petroleum – why is China selling metals?
  • ESG and nuclear energy
  • Outlook on oil

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Steve Keen

Erik Townsend and Patrick Ceresna welcome Steve Keen to MacroVoices. Erik and Steve discuss:

  • Relationship between inflation and bond rates
  • Perspectives on recent action of US 10yr Treasury yield
  • MMT – how will this concept be adopted?
  • Will MMT create even more private debt and is there a way to avoid it?
  • Debunking ESG for investors 
  • Rebuttal to William Nordhaus 
  • Steve’s new book - The New Economics: A Manifesto 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Marin Katusa to MacroVoices. Erik and Marin discuss:

  • Options that exist for accredited investors in precious metals market
  • Private placement in precious metals and how it works
  • Pros and cons of Capital Introduction industry 
  • Disadvantages of using a broker
  • What Katusa Research newsletter offers
  • Access to private placement and financing vs. public market
  • Marin’s new book: The Rise of America

Download the podcast transcript: [Click Here]

Katusa Research Special Offer: 28% off Marin Katusa's Natural Resource Investing Newsletter 

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Larry McDonald

Erik Townsend and Patrick Ceresna welcome Larry McDonald to MacroVoices. Erik and Larry discuss:

Relationship between inflation and treasury yields

  • Outlook on US/China relations
  • What to expect in equity and bond market
  • Drivers of upcoming price increase in oil
  • Trading opportunities in energy market
  • “Alpha Male Central Banker”
  • Breakdown of the dollar and its implications
  • Oil demand expectations in the re-opening 

Download the podcast transcript: [Click Here]

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David Rosenberg

Erik Townsend and Patrick Ceresna welcome David Rosenberg to MacroVoices. Erik and David discuss:

  • Are we really facing secular inflation?
  • How the recent stimulus impacts the inflation narrative
  • FED has it right – this inflation is a “transitory phenomenon”
  • How to play against the popular narrative that secular inflation is imminent
  • Why this inflation is transitory
  • Outlook on treasury yields

Download the podcast transcript: [Click Here]

Free 30-day Trial to Dave's Economic Research 

Charts with Dave 2021 05 06 MacroVoices 

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Erik Townsend and Patrick Ceresna welcome Harley Bassman to MacroVoices. Erik and Harley discuss:

  • What’s needed to hedge against rising interest rates
  • “Financial Tsunami” and what that would mean for the markets
  • Reasons behind Harley’s new project with Simplify
  • The new ETF, PFIX– who is it for?  
  • How rising interest rates will cause systemic risks in the market
  • How PFIX  can protect portfolio  
  • Perspectives on inflation

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Dylan Grice to MacroVoices. Erik and Dylan discuss:

  • Inflation vs. Deflation
  • US 10yr Yield outlook
  • Reasons why there is potential for a big rally in crude oil
  • Perspectives on oil and transitioning into EV
  • Portfolio composition to play inflation
  • Asymmetric trade opportunities
  • ECB and the Fed – where are they headed?
  • Risks of central banks intertwining with politics

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. Erik and Charlie discuss:

  • Deflation vs. Inflation
  • Can US Treasury 10yr Yields  press 2%?
  • Sentiment and vol factors and thematic reversal risk
  • Nomura Vol control model anticipates potential “buy flows”
  • Thematic & Factor risk premia performance trends
  • SPX/SPY Consolidated $Gamma/$Delta

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Art Berman to MacroVoices. Erik and Art discuss:

  • General outlook on oil
  • Factors causing continuous decline in production
  • Why should we not expect increases in price?
  • OPEC spare capacity vs Brent price
  • Reasons to expect demand to return to pre-pandemic levels by end of 2021
  • Price outlook for the rest of 2021
  • Increase in price vs. rig count
  • Impact of electrification on oil

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Jeff Snider to MacroVoices. Erik and Jeff discuss:

  • Why deflation?
  • Was it really a historic sell-off in bond market?
  • Why the government wants inflation
  • US Treasury yield curve vs. Eurodollar yield curve
  • Will the Fed stick to the zero lower bound for the foreseeable future?
  • Definition of reflation vs. recovery
  • Underwhelming current reflationary sell-off
  • Inflation expectations in the TIPS market

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Jesse Felder to MacroVoices. Erik and Jesse discuss:

  • Inflation outlook and its main drivers
  • S&P500 index and margin debt to GDP analysis
  • Potential peak in earnings growth ahead
  • Corporate profit margins vs. Labor share
  • Stocks vs. Interest rates, Interest Rates vs. Financial Instability
  • Gold and crypto currency
  • How value investing works in overpriced asset conditions

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Steven Van Metre to MacroVoices. Erik and Steven discuss:

  • Why deflation, why not inflation?
  • QE – how it really works
  • Why is the current MMT inspired stimulus not inflationary?
  • Reasons why there is a need for existing bank reserves for QE
  • What will the next stimulus bring?  
  • What is a liquidity trap and why we’re headed towards it
  • Implications of liquidity trap and how to resolve it
  • Outlook on bond yields

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Robert Friedland to MacroVoices. Erik and Robert discuss:

  • How investors should think about decarbonization
  • Green Revolution – is there an investment in build out of a new electric grid?
  • What to invest in to benefit from the electrification of the global economy
  • EV and advancement in batteries – is nickel unavoidable?
  • How investors should look at advancement in battery technology
  • Perspectives on commercialization of Thorium reactors
  • The technology needed in order to deliver safe and unlimited electric energy 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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

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Erik Townsend and Patrick Ceresna welcome Juliette Declercq to MacroVoices. Erik and Juliette discuss:

  • Is secular inflation upon us?
  • What to make of the rise in long-term bond yields?
  • Are higher yields threatening an equity bear market?
  • Ongoing sector rotation between cyclicals/value and growth sectors
  • What should the FED do next?
  • Outlook on dollar and gold

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Juliette will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Diego Parrilla to MacroVoices. Erik and Diego discuss:

  • Inflation vs. Deflation narrative
  • Rates market – at what point will the Fed intervene?
  • Negative treasury yield and what that means for equity market
  • VIX on the rise – is the market topping?
  • Outlook on Gold
  • DXY – are we seeing a reversal on the horizon?

Download the podcast transcript: [Click Here]

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SPECIAL POST GAME GUEST- Amir Adnani{f90filter RegisteredUser SHOW}

 

 

 

 

 

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Erik Townsend and Patrick Ceresna welcome Ole Hansen to MacroVoices. Erik and Ole discuss:

  • Return of a commodity bull market
  • Increasing real yields vs. gold
  • Green revolution – which commodity will benefit?
  • Increasing demand in Copper
  • Record long exposure in hedge funds – is this where the market tops?
  • Why Roll Yields matter
  • Green transformation and its relationship to correlations in commodities
  • Crude oil – are we nearing a top?
  • Outlook on agriculture, Uranium

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Ole will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Lyn Alden to MacroVoices. Erik and Lyn discuss:

  • Perspectives on mainstream deflationists adopting a new inflation view
  • Limits to excessive deficit spending and fiscal stimulus
  • Fiscal vs. Monetary dominance
  • Macro asset allocation strategy in fiscal dominance environment
  • Perspectives on the Fed’s yield control
  • U.S. broad money supply vs. Japanese broad money supply
  • Outlook on Gold and Bitcoin

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Lyn will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Louis-Vincent Gave to MacroVoices. Erik and Louis discuss:

  • Energy prices and inflation
  • What is driving the stock market to its all-time highs despite the pandemic
  • Has the oil market priced in the recovery?
  • Perspectives on the recent Copper rally and how far can it go?
  • Will Singapore replace Hong Kong as the financial centre of Asia?
  • European market outlook

Download the podcast transcript: [Click Here]

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SPECIAL POST GAME GUEST : Kevin Muir - The MacroTourist

 

 

 

 

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Erik Townsend and Patrick Ceresna welcome Julian Brigden to MacroVoices. Erik and Julian discuss:

  • Last year’s bullish outlook - does it still stand?
  • Is the current level of spending in the economy being propped up by stimulus?
  • APPL, TSLA and the classic bubble
  • Why would the FED allow the bond market to clear at a market rate?
  • Upside risks to treasury yields
  • Perspectives on impending secular inflation
  • How long do we have until we have a runaway inflation problem?
  • What is the right metric that would indicate when things turn bad?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Julian will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. Erik and Jim discuss:

  • Deflation vs. Inflation outlook
  • What could contain and remedy the impending inflation?
  • Investing strategies for inflation
  • Coronavirus update
  • Wall Street Bets –who’s behind it and what’s going on?
  • Last week was GME, and now it’s Silver – will there be another squeeze?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart deck that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Russell Napier to MacroVoices. Erik and Russell discuss:

  • How are stocks rallying to new all-time highs amidst the ongoing pandemic?
  • Stimulus into real economy – will this still support the stock market?
  • How far Bond Yields could go
  • Financial repression and inflation outlook
  • Inflation may be good in the beginning but for how long?
  • Benefits of inflation on the stock market
  • Perspectives on commodities including Copper and agriculture
  • Gold vs. Bitcoin
  • Is there a strategy to evade financial repression?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Mike Green to MacroVoices. Erik and Mike discuss:

  • Are we finally headed toward a global digital currency?
  • Benefits of secure digital bearer asset currency 
  • Lack of discussion regarding the adoption of the technology behind Bitcoin
  • Will the governments eventually accept the use of cryptocurrency?
  • CBDC – Central Bank Digital Currency
  • Why some large institutions are buying Bitcoin as store of value 
  • Bitcoin vs. Ethereum

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Luke Gromen to MacroVoices. Erik and Luke discuss:

  • Is this the beginning of the end for the U.S. dollar as the global reserve currency?
  • Relative decline to other fiat currencies or loss of purchasing power?
  • Democratic control of the Senate – how does this affect yields?
  • When will deficits start to matter?
  • How do you translate the current state of the dollar into investment strategies?
  • Bitcoin vs. Gold
  • Are we finally at a point of runaway wage & price inflation?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Art Berman to MacroVoices. Erik and Art discuss:

  • Saudi Arabia’s production cut decision and what this means
  • Will U.S. shale industry recover?
  • Expected decline in demand in oil
  • Analysis of current comparative inventory report
  • Pandemic and U.S. consumption recovery – what does this mean for gasoline?
  • Perspectives on previous prediction of a big decline in U.S. production in Q1
  • Can OPEC compensate for loss of U.S. production?
  • Lag times between getting the rig started to actual oil production and what this means
  • Price vs. Comparative inventory yield curve

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Art will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle and Grant Williams to MacroVoices. Erik and the panlists discuss:

  • How to trade a fiat currency debasement
  • Hedging or trading inflation
  • Gold, silver, platinum and palladium 
  • Hard assets like real estate including farmland
  • Copper and iron ore and the battery metals
  • Energy as an inflation hedge

Download the podcast transcript: [Click Here]

 

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Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle and Grant Williams to MacroVoices. Erik and the panelists discuss:

  • Fiat currency debasement
  • Yellen, MMT and debasement, how could it play out differently
  • Commodities and different ways to hedge
  • Cryptocurrencies, Bitcoin and its role as a debasement hedge

Download the podcast transcript: [Click Here]

 

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Erik Townsend and Patrick Ceresna welcome Kyle Bass to MacroVoices. Erik and Kyle discuss:

  • All-time highs despite the pandemic – are we shifting into a new paradigm?
  • Impending inflation and how to trade it 
  • Is gold still the best hedge against fiat debasement?
  • Is the bond bull market finally done and are we headed toward negative yield?
  • Negative yields in Europe – will this recover as inflation begins?
  • How will Biden administration change the macro outlook?
  • Implications of electrification of the economy
  • Will Singapore be replacing Hong Kong as the financial center in Asia?
  • Perspectives on crypto currencies

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Dr. Pippa Malmgren to MacroVoices. Erik and Pippa discuss:

  • Update on President Trump may start his own news network
  • Why Trump running a news network may be more powerful than being the President 
  • Upcoming meeting of the electors – how will this impact President Trump’s actions
  • What would Trump News Network look like?
  • Possible pardoning for Julian Assange and Edward Snowden and its implications
  • Perspectives on inflation 
  • Outlook on digital currencies 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Jeff Snider to MacroVoices. Erik and Jeff discuss:

  • DXY reaching multi-year lows – is this the beginning of the dollar crash?
  • Basics of US dollar crash and related Treasury market destruction
  • Has quantitative easing been successful?
  • Japanese Inflation & QE – Is US monetary policy following the Japanese model?
  • Lower indication in inflation indices despite excessive liquidity
  • Is the U.S. dollar’s global reserve currency status being threatened?
  • Perspectives on MMT

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Jeff will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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

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Erik lays out the reasons he invested in Abaxx Technologies, what the company is about, and how investors can get involved when ABXX stock starts trading publicly on December 15th.

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Erik Townsend and Patrick Ceresna welcome David Rosenberg to MacroVoices. Erik and David discuss:

  • Has the market  priced in the vaccine news?
  • How does this translate into the stock market
  • Shift to secular inflation or return to deflation?
  • Where is the stock market headed from here?
  • Will US Treasury will go negative on 10yr or will they stay at zero?
  • Treasuries vs. Gold

Download the podcast transcript: [Click Here

Free 30-day Trial to Dave's Economic Research and Insights 

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices. Erik and Daniel discuss:

  • Perspective on recent rally in market amidst the pandemic and U.S. Elections
  • Spike in COVID cases, are things going to get worse before it gets better?
  • Would expectation of more government stimulus lead to lower yields?
  • Likelihood of secular inflation due to more money printing and more deficit spending
  • Challenges ECB is facing with insolvent countries borrowing at low yields?
  • Will foreign policies reverse under Biden administration?
  • Is U.S. fracking industry facing a major threat from Biden administration energy policy?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Lakshman Achuthan to MacroVoices. Erik and Lakshman discuss:

  • All-time highs in the stock market despite the pandemic – what cycle does this reflect?
  • What cycle is driving the recovery?
  • How to manage cycle risks
  • What does USFIG (U.S. Future Inflation Gauge)suggest comes next?
  • When to expect secular inflation based on leading indicators
  • What cycles tell us about the recent upside in the stock market

Download the podcast transcript: [Click Here]

MacroVoices #218 Lakshman Achuthan: What cycles teach us about what to espect post-Coronavirus

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Lakshman will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Marin Katusa to MacroVoices. Erik and Marin discuss:

  • Perspectives on MMT and how it affects the gold market
  • How far are we in the gold bull market cycle
  • What would change the investment mindset on gold with MMT on the horizon?
  • Why investors need to consider currency conversion factor when investing in gold
  • What is in store for the natural resources sector?
  • Opportunities in gold mining vs. copper mining
  • Asset allocation in natural resources sector

Download the podcast transcript: [Click Here]

Katusa Research Special Offer: 42% off Marin Katusa's Natural Resource Investing Newsletter 

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend welcomes Artem Milinchuck, Founder & CEO of FarmTogether and Scott Lynn, Founder & CEO of Masterworks.io to MacroVoices. Erik, Artem and Scott discuss:

  • Democratizing Alternatives: What inspired the creation of Masterworks.io and FarmTogether.com
  • Why these asset classes were previously reserved to the ultra-wealthy
  • Profile of the typical farmland and fine art investor
  • Outlook for fine art and farmland in a post-pandemic world
  • The impact of low interest rates on farmland and fine art investing

      FarmTogether.com

      Masterworks.io

 

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Erik Townsend and Patrick Ceresna welcome Tian Yang to MacroVoices. Erik and Tian discuss:

  • Inflation driven commodity super cycle – when will it happen?
  • When will  consumer price inflation starts?
  • How to manage your portfolio to prepare for inflation
  • COVID-19 pandemic impacts on prices
  • How to position for commodity super cycle
  • How to approach different commodity sectors for allocation
  • Outlook on precious metals

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Stephanie Kelton to MacroVoices. Erik and Stephanie discuss:

  • Why using taxes to pay for government spending is a myth
  • If the government can print money, why are taxes still necessary?
  • What measures does MMT use to overcome inflation risk?
  • Debunking the myth that the future generation will have to pay for the current national debt
  • Risk of dilution in value of dollars due to government money printing
  • Constraints of MMT

Download the podcast transcript: [Click Here]

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Erik Townsend and guest co-host Kevin Muir welcome Mike Alkin & Guy Keller to MacroVoices. Erik, Mike and Guy discuss:

  • Future of nuclear power industry
  • How big is the Uranium mining industry post-Fukushima
  • Collapse of market capitalization of Uranium mining
  • How Uranium market works
  • Investment opportunities in Uranium market

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Dr. Pippa Malmgren to MacroVoices. Erik and Pippa discuss:

  • Perspectives on recent Presidential debate
  • Supreme court legal precedent
  • Doespolitical uncertainty in the U.S. create an opportunity for China?
  • Accuracy of polls and how investors should consider them
  • Possible outcomes and what that would mean for the markets
  • Possibility of Donald Trump launching a news network

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Art Berman to MacroVoices. Erik and Art discuss:

  • Update on Art’s 2020 U.S.oil production narrative
  • How big of a decline in production should we expect?
  • Supply in demand imbalance – where is oil price headed from here?
  • What investors should look for in anticipation of resumption of normal demand
  • What level of demand to expect post-crisis?
  • Decreasing price sensitivity to changes in comparative inventory 
  • Will we ever get back to pre-crisis consumption levels?

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Alex Gurevich to MacroVoices. Erik and Alex discuss:

  • Is the bond bull market finally coming to an end?
  • Possibility of negative rates
  • Secular shift from disinflation toward inflation
  • US dollar outlook – beginning of a secular decline?
  • Perspectives on gold and equity markets
  • Impact of monetary policy on liquidity

Download the podcast transcript: [Click Here]

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SPECIAL POST GAME GUEST- Jim Bianco

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Erik Townsend and Patrick Ceresna welcome Juliette Declercq to MacroVoices. Erik and Juliette discuss:

  • Prognosis on the U.S. Presidential Election
  • Why the Republicans have not yet folded on the next relief package?
  • Vicious circle from lower confidence to higher unemployment
  • What would a contested election mean for the markets?
  • U.S. dollar outlook
  • Possibility of U.S. Real Yields to collapse

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Mike Green to MacroVoices. Erik and Mike discuss:

  • Active vs passive investing dynamics
  • Is QE what’s driving the stock market and how does MMT fit in
  • Will MMT bring runaway inflation and what are the implications?
  • Is the bond bull market coming to an end?
  • What investors should look out for during a period of hyperinflation
  • Outlook on gold
  • Potential risks and threats of U.S. dollar losing its reserve currency status
  • Perspectives on digital currency 

Download the podcast transcript: [Click Here]

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MALE SILHOUETTE.

Erik Townsend and Patrick Ceresna welcome Luke Gromen to MacroVoices. Erik and Luke discuss:

  • Is this the beginning of the big move down for the US dollar?
  • Why the US will have to what Luke calls “print the mostest” in the dollar endgame
  • What does “printing the most” entail?
  • What is the catalyst that would bring a secular decline of the dollar?
  • US fiscal condition – accelerate borrowing and spending, where are we headed from here?
  • Perspective on the soaring S&P500what does this mean?
  • Outlook on Gold
  • Perspectives on how the US Presidential election outcome will impact the markets

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Brent Johnson to MacroVoices. Erik and Brent discuss:

  • What is next for the U.S. Dollar?
  • Will the change in monetary system provide a viable alternative to the dollar?
  • S&P 500 breaking out to the upside – what comes next?
  • Soaring stock market – is this driven by central banks buying stocks using cash from QE?
  • Outlook on gold and commodities
  • Can U.S. Treasuries see negative yields?
  • Perspectives on the upcoming U.S. Presidential election

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Brent will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Jesse Felder to MacroVoices. Erik and Jesse discuss:

  • New all-time highs in the stock market despite the pandemic – what does this mean?
  • Jesse’s perspectives on Mike Green’s thesis about passive investment strategy
  • Is the retail mania driven by the Fed?
  • Perspectives on stock split and still rising TSLA
  • Is the bond market the key to stop the Fed’s frivolous money printing
  • Is this the beginning of the end for US dollar?
  • Outlook on Gold

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout postgame. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

 

 

 

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Erik Townsend and Patrick Ceresna welcome Vincent Deluard to MacroVoices. Erik and Vincent discuss:

  • Shortcomings of 60/40 portfolio and its implications
  • Why secular inflation is on the horizon and what would it look like?
  • Generational gap in wealth – what policies will bridge that gap?
  • U.S. Dollar – is this the beginning of the end?
  • Outlook on European economy and markets
  • Why inflation still hasn’t happened
  • Perspectives on gold and precious metals 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart deck that accompanies this episode, as Erik and Vincent will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. Erik and Jim discuss:

  • Has Jim really changed his views and turned bullish?
  • Coronavirus crisis update
  • V-bottom recovery in the stock market does not equal v-bottom recovery in the economy
  • FED’s balance sheet expansion – where is it headed, what’s the endgame?
  • MMT – what are the risks and how does it unfold?
  • Fixed income markets – outlook on bond yields
  • Devaluation of the US dollar and the possibility of it losing its reserve currency status
  • Outlook on Gold

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart deck that accompanies this episode, as Erik and Patrick will refer to it throughout the postgame segment. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Jeff Snider to MacroVoices. Erik and Jeff discuss:

  • 2008 Recession and QE, how it differs from other recessions
  • Diminishing economic growth
  • Perspectives on Ben Bernanke’s and other central banker’s performance in the aftermath of 2008 recession
  • Debunking the idea of central banks being central
  • Banks are shrinking – bank stocks are reflecting risks
  • Primary components of the global monetary system and how they work

 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart deck that accompanies this episode, as Erik and Jeff will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Grant Williams to MacroVoices. Erik and Grant discuss:

  • How to navigate the current environment of escalating civil unrest and the social divide
  • Rise of MMT – how close are we and what should we expect?
  • How long will the central bank balance sheet expansion continue?
  • The global recession – how does it compare to recessions in the past and how long will it last?
  • Outlook on Gold
  • Changing political climate in Hong Kong and its impact on US/China relations
  • Perspectives on the impact of the upcoming US Presidential election

Download the podcast transcript: [Click Here]

 

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Erik Townsend and Patrick Ceresna welcome Lyn Alden to MacroVoices. Erik and Lyn discuss:

  • U.S. Deficit was already growing pre-COVID19 crisis
  • Current employment dislocation compared to 2009
  • Is the Fed's monetary policy what's driving the V-shaped recovery in stock prices?
  • Fed's policy to inject more liquidity into the real economy and its implications
  • Will Monetary Policy 3 lead us to consumer price inflation risk?
  • Gold vs. Money supply and real interest rates
  • Possible impact on the markets from the upcoming U.S. Presidential election

 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart deck that accompanies this episode, as Erik and Lyn will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend welcomes Artem Milinchuck to MacroVoices. Erik and Artem discuss:

  • The macro case for farmland: producing real returns in a low-yielding financial economy
  • Performance and correlation analysis: Comparing farmland to other asset classes
  • Risks and opportunities created by the COVID19 crisis
  • Fractional farm ownership – how FarmTogether is making an asset class formerly open only to the super-rich available to all accredited investors

 

Supporting Materials for Download

FarmTogether Website - Invest in US Farmland 

FarmTogether - Live Offerings 

Introduction to Farmland Investing 

Tech-Powered Farmland Investment Platform - Driving Investment into a Vital $10T Asset Class 

Contact Information:

Phone: 1-909-404-5902

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Erik Townsend and Patrick Ceresna welcome Hugh Hendry to MacroVoices. Erik and Hugh discuss:

  • "Put Joe Rogan in Charge of the Fed! - The Dawn of Chaos"
  • Perspective on the stock advance relative to money supply expansion
  • Balance sheet expansion of the Fed and other central banks
  • Which direction will this monetary policy take?
  • Wealth inequality
  • Implementation of MMT and devaluing the dollar - is this a good idea?
  • Hugh's journey from hedge fund manager to property investor

Download the podcast transcript: [Click Here]

We strongly recommend that you download the article that accompanies this episode, as Erik and Hugh will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. Erik and Charlie discuss:

  • Perspective on market strength, despite the resurgence of COVID19 cases
  • How to current market situation translates to the CTA positioning 
  • Equity market outlook
  • How does volatility complex play into the current equity market?
  • Bond market outlook – secular end of a 40 year event?
  • The impact of rising civil unrest and upcoming election will have on the markets

Download the podcast transcript: [Click Here]

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SPECIAL POST GAME GUEST- Talking Options with Convexity Maven Harley Bassman

 

 

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Erik Townsend and Patrick Ceresna welcome Harley Bassman to MacroVoices. Erik and Harley discuss:

  • Impact of COVID19 on recession – was it the cause or catalyst?
  • Perspective on declining population and workforce
  • Possibility of risk parity unwind
  • Portfolio positioning in current market 
  • Policy risk on spread trading
  • Are we headed toward secular inflation and what does that entail?
  • Inflation vs. bond market 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Harley will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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All-Star Dr. Anas Alhajji and Erik discuss:

  • Rebalancing the market: Between U.S. Shale, 180mm bbl of Floating Storage, and a recession, how long will it take to get back to normal?
  • Long-term outlook for global energy markets: Why higher prices are inevitable
  • The risk of alternatives under-delivering resulting in a supply capacity-induced global energy crisis in ~10 years time

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Erik Townsend and Patrick Ceresna welcome Art Berman to MacroVoices. Erik and Art discuss:

  • OPEC+ Production cut and the spring rally
  • Flaws in the assumption that shut-in oil wells
  • Decline rates – how does it work?
  • Forecast on oil production – will it go up and what’s next?
  • How much is the industry and its production hedged?
  • Unaccounted for oil – why is there so much of it?
  • Is the storage crisis really over?
  • Recent recovery - are we back to pre-crisis consumption?

Download the podcast transcript: [Click Here]

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All-Star Louis-Vincent Gave and Erik discuss:

  • The Hong Kong Debacle: Why Xi Jinping needs to save Hong Kong rather than sacrifice it
  • U.S. Dollar weakness: What’s driving it and where is it headed?
  • Civil unrest in the USA and elsewhere: What are the causes and what comes next?

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Erik Townsend and Patrick Ceresna welcome Diego Parrilla to MacroVoices. Erik and Diego discuss:

  • How to interpret the strong market action despite the pandemic and civil unrest
  • What’s next for US Dollar?
  • Recent downside move in Gold – is this the time to buy? 
  • Perspectives on the rapid recovery in oil prices
  • Shift from deflation to inflation/stagflation – how long will this take?
  • False diversification
  • Likelihood of a risk parity unwind and its risks 

 

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

 

Download the podcast transcript: [Click Here]

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All-Star Luke Gromen and Erik discuss:

  • The Fed has been extremely aggressive and markets have responded – are we headed towards all time highs?
  • Tapering of the Fed’s balance sheet expansion and what it means for the markets
  • How is Luke positioned for what’s on the horizon?

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Erik Townsend and Patrick Ceresna welcome Vikram Mansharamani to MacroVoices. Erik and Vikram discuss:

  • What kind of recovery should we expect post-COVID19?
  • Increasing civil unrest – what could that mean for investors?
  • Will this “work from home” trend continue even after the crisis is over?
  • What are the least obvious implications of this crisis?
  • Impacts of the crisis on businesses and supply chains moving forward
  • US/China geopolitical relations
  • Perspective on the US dollar as the world reserve currency
  • Implications of a secular shift from deflation/stagflation to inflation

Pre-order THINK FOR YOURSELF By Vikram Mansharamani 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Patrick will refer to it throughout postgame. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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All-Star Jeff Snider and Erik discuss:

  • If the Fed really was printing money, there'd be no need to sell it to the public in general, financial services industry specifically.
  • Chairman Powell appeared on 60 Minutes in May, and while everyone focused on his statement "create money digitally" no one noticed three important lies the Chairman told.
  • There isn't the slightest hint of inflation in any meaningful market after almost three months of so-called money printing. Nor in corporate boardrooms.
  • The most optimistic case, the base comparison the Fed (and CBO) is using, is that this will all end up being worse than the 2008-09 Great "Recession." 
  • Hopefully back to even by the end of next year isn't quite what people have in mind, and that's why this openly aggressive central bank response (lying).

Supporting Materials for Download

                                                                  The Flood Myth - Jeff Snider MacroVoices 2020 06 01 

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Erik Townsend and Patrick Ceresna welcome Ronald Stöferle to MacroVoices. Erik and Ronald discuss:

  • Is now the time to focus on secular shift in precious metals?
  • Secular shift to inflation or stagflation – what would that mean for precious metals?
  • How does this pandemic compare to the recession of 2008
  • The impact of weak commodities on precious metals
  • Can gold substitute for bonds in portfolios?
  • Impacts of strong USD on gold
  • Perspectives on mining stocks
  • Outlook on silver
  • Bitcoin vs. Gold
  • Are we due for a technical correction?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the report that accompanies this episode, as Erik and Ronald will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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All-Star Dr. Pippa Malmgren and Erik discuss:

  • Shape of the economic recovery: Why “Letter Shapes” like V, W, L, and U are insufficient to describe what will occur
  • How financial markets will react to multiple recovery scenarios in the real economy
  • U.S.-China relations in the post-COVID19 world
  • State of the art in industrial drone technology

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Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices. Erik and Daniel discuss:

  • What kind of recovery should we expect post-COVID19?
  • Is this the top of the bear market rally or will we test new all-time highs again?
  • Has the central banks largesse gone as far as it can go?
  • Are we heading from secular deflation to secular inflation?
  • Will the west’s indebtedness lead to “Japanification” 
  • US dollar losing its reserve currency status – what would that entail?
  • Gold outlook post-crisis
  • Can all fiat currencies be devalued at the same time?

 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Daniel will refer to it throughout the interview. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Erik Townsend Scott Lynn to MacroVoices. Erik and Scott discuss:

  • Fine Art as an asset class: Why some of the biggest names in finance are diversifying into Fine Art collections
  • Performance and correlation characteristics of Fine Art in Portfolio Construction
  • Why “Blue Chip” Fine Art (most famous and well-known artists) delivers the best investment returns
  • The Securitization Model: Fractional ownership of fine art masterpieces through securitized holding companies

 

Download the podcast transcript: [Click Here

 

 

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