Macro Voices

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
Title Date Author

Energy Week #12: Prices down on a 10.8mm bbl draw, Iran, Pemex Hedge & More. Hemsworth/Berman/Cook

Energy Week featuring Art Berman, Chris Cook and Patricia Hemsworth covers the super-drawdown, price reaction, Iran, Pemex Hedge & more.

2019-07-24 MacroVoices

All-Stars #36 Julian Brigden: Pensions, Curve Inversions, and 10yr outlook

All-Star Julian Brigden on the implications of deflation for the Pension system, whether a recession is possible without a yield curve inversion, and the 10yr yield outlook.

2019-07-23 MacroVoices

All-Stars #35 Luke Gromen: FF>IOER Means Balance Sheet Capacity Used Up

All-Star Luke Gromen responds to Jeff Snider's All-Stars appearance last week, sharing a different view on the significance of Fed Funds exceeding IOER. Luke says it’s about domestic private sector balance sheet capacity.

2019-07-22 MacroVoices

All-Stars #34 Danielle DiMartino-Booth: The stock market can rally thru the 1st or 2nd rate cut

All-Star Danielle DiMartino-Booth explains “Double Easing” (rate cuts and QE at the same time) and why it’s a possibility, and explains why the stock market can rally a bit longer despite the global growth slowdown.

2019-07-19 MacroVoices

MacroVoices #176 Jim Rickards on his new book, Aftermath

Erik Townsend and Patrick Ceresna welcome Jim Rickards to MacroVoices. Erik and Jim discuss the progression of growing debt, the cost of low growth and high debt, and Jim’s new book “Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos”

2019-07-18 MacroVoices

Energy Week #11: Iran, EIA, Venezuela, Canadian Crude. Panel Alhajji/Hemsworth/McMonigle

Energy Week covers the price reversal, Iran policy, EIA, Venezuela & Canadian crude differentials. Panel Anas Alhajji, Joe McMonigle and Patricia Hemsworth with host Erik Townsend.

2019-07-17 MacroVoices

All-Stars #33 Prof. Steve Keen: How the field of Economics was corrupted

All-Star Prof.Steve Keen pulls no punches telling Erik Townsend how and why the field of economics lost touch with the real world.

2019-07-16 MacroVoices

All-Stars #32 Jeffrey Snider: Eurodollar System Explains Fed Funds over IOER

All-Star Jeff Snider explains why the Fed's IOER hasn't worked as a ceiling over Fed Funds, and the significance of each, including the recent move of FF well above IOER and how this relates to the EuroDollar System.

2019-07-15 MacroVoices

Inside the Investment Committee #2: Long bonds, short the Euro Gurevich/Brigden/Declercq

Fund manager Alex Gurevich is in the hot seat this month, pitching his “perfect trade” from 2014 long bonds and short the Euro. Alex explains why he believes this was truly a ‘perfect’ can’t lose trade, then we translate to current markets.

2019-07-12 MacroVoices

All-Stars #31 Julian Brigden: Crypto, Gold and the Dollar

All-Star Julian Brigden opines on the return of crypto currencies, gold, silver, and the U.S. Dollar.

2019-07-12 MacroVoices

MacroVoices #175 Jesse Felder: Breadth divergences signal caution warranted on new all-time highs

Erik Townsend and Patrick Ceresna welcome Jesse Felder to MacroVoices. Erik and Jesse discuss the theories on the length of this market cycle, outlook on the dollar and bond yields, and the unwind of institutional risk parity trade and much more.

2019-07-11 MacroVoices

Energy Week #10: Inventory data or Tropical Storm? What’s driving the price rally? Alhajji/Shuchart/Berman

Energy Week episode #10: What’s driving the price rally? Tropical storm in the gulf or massive inventory draw? Also security in Straits of Hormuz and Art v. Anas on data interpretation.

2019-07-10 MacroVoices

All-Stars #30 Luke Gromen: Still bullish risk assets, Gold & BTC despite global Dollar squeeze

All-Star Luke Gromen tells Erik Townsend he understands and agrees with the “global dollar squeeze” argument, but it doesn’t deter him from being bullish Gold, Bitcoin, and risk assets generally.

2019-07-10 MacroVoices

All-Stars #29 Brent Johnson: Still not chasing Gold at these levels

All-Star Brent Johnson tells Erik Townsend he's not chasing gold at these prices, and his conviction that the USD is headed much higher has never been stronger. Brent also thinks SPX 4000 is possible in the next 2-3 years.

2019-07-09 MacroVoices

All-Stars #28 Louis-Vincent Gave: $13tn of Negative-Yielding Debt

All-star Louis-Vincent Gave tells Erik Townsend that $13.5tn of negative-yielding sovereign debt around the world is a sign the global economy is in serious trouble. U.S. Stocks may be at all-time highs, but the rest of the world is in decline.

2019-07-08 MacroVoices

All Stars #27 Dr.Pippa Malmgren: Don't underestimate the importance of data security

Today's All-Star Dr.Pippa Malmgren says why privacy will be the governance issue of our time. Link ->

2019-07-05 MacroVoices

MacroVoices #174 John Netto: Gold will hit $1500 this month

 Erik Townsend and Patrick Ceresna welcome John Netto to MacroVoices. Erik and John discuss what’s driving this market, where is gold heading next and how to apply sentiment indicators to investing strategy. Link ->

2019-07-04 MacroVoices

All-Stars #26 Juliette Declercq: Should lawyers be in charge of Central Banks?

After Juliette Declercq stirred up some commotion with her tweet asking whether it makes sense for lawyers to be in charge of the 2 main central banks, we wanted the full story…

2019-07-04 MacroVoices

Energy Week #9: OPEC+, G20, And a Deep Dive on Forward Curves. Panel Hansen/Cook

This week's panel includes Ole Hansen and Chris Cook. Topics include G20, OPEC+, market reaction to both, and Chris takes a deep dive on forward curves.

2019-07-03 MacroVoices

All-Stars #25 Danielle DiMartino-Booth: The U.S. is not immune to the global economic slowdown

All-Star Danielle DiMartino Booth tells host Erik Townsend that the U.S. is anything but immune to the global economic recession that is now beginning. Also Fed vs. Trump and why it's important to have an independent Fed. Direct Link ->

2019-07-03 MacroVoices

MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Patrick Ceresna shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.

Go to top