Macro Voices Podcasts

Erik Townsend and Patrick Ceresna welcome Justin Huhn to MacroVoices. Erik and Justin discuss:

• US Nuclear Renaissance
• Russia/Ukraine conflict and its impact on energy security
• Nuclear reactor restarts
• Frailties in renewables
• Future of nuclear – where is it headed?
• China’s role in the future of energy

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Justin 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).

Supporting Materials for Download are listed below - click to open or download.

UraniumInsider - MacroVoices 08 2023

Big Picture Trading Chart Book August 17 2023

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

• Recession outlook
• Where is the market headed from here?
• Inflation cycle
• Slowdown in growth rates
• Geopolitics between US/China
• Which cycle is indicating a credit event ahead

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Lakshman 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).

Supporting Materials for Download are listed below - click to open or download.

Cycle Risk Is Investment Risk ECRI - MacroVoices

Big Picture Trading Chart Book August 10 2023

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

• Price inflation vs. Monetary inflation
• Distinguishing monetary inflation from supply shock
• Why this is not a secular inflation
• Are we headed towards deflation?
• Soft landing – what to expect
• Market going strong despite economic slowdown

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).

Supporting Materials for Download are listed below - click to open or download.

The Landing: Six Months Later - MacroVoices 09 2023

Big Picture Trading Chart Book August 3 2023

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

• Rising AI trend
• Energy is under owned!
• Rally in Energy market, is this the beginning of a big move?
• Shale dynamics
• Is peak oil over?
• Outlook on natural gas & nuclear energy
• Copper and battery metals
• Inflation outlook
• Is there one more rate hike left?

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).

Supporting Materials for Download are listed below - click to open or download.

Lyn Alden - MacroVoices 07 2023

Big Picture Trading Chart Book July 27 2023

Erik Townsend and Patrick Ceresna welcome Dr. Anas Alhajji to MacroVoices. Erik and Anas discuss:

• Why China reopening didn’t recreate much anticipated demands
• ESG trend impact in long-term
• Unexpected increase in demand that no one expects
• Impacts of OPEC running out of spare production
• Increase in energy prices - 1970’s-like energy crisis on horizon?
• Drawdowns and refilling of U.S. SPR 
• Dark Shipping – its impact on the market and the quality of data

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book July 20 2023 

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

• Credit cycle downturn
• Is this bear market going to roll over?
• What credit event to watch for?
• Likelihood of recession happening
• Inflation or disinflation?
• Outlook on China

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).

Supporting Materials for Download are listed below - click to open or download.

42 Macro - Macro Voices July 2023

Big Picture Trading Chart Book July 13 2023

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

• Overall market analysis
• What impact inflation has on the economy
• Weak manufacturing and disinflation
• 2023 Global activity bounce and what to expect next
• Labor, wages and the economic sweet spot
• Recession on horizon?
• Will the Fed trigger a hard landing in the second wave of inflation?
• Impact of AI on the economy
• Current civil unrest in France

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).

Supporting Materials for Download are listed below - click to open or download.

JDI Reserach MAcroVoices July 2023

Big Picture Trading Chart Book July 6 2023 

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

• Wagner group vs. Russian Ministry of Defense
• Translating the Russia/Ukraine conflict into market analysis
• Control of nuclear assets 
• Upcoming Presidential election 
• Mainstream media’s censorship on election candidates
• Civil war on the horizon for US?

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Dr. Pippa's Pen & Podcast 

Big Picture Trading Chart Book June 29 2023

Erik Townsend and Patrick Ceresna welcome Leigh Goehring to MacroVoices. Erik and Leigh discuss:

• Global agricultural crisis
• Food inflation – is there more to come?
• El Niño phenomena and its impact on price of grains
• Dust bowl conditions
• Weather vs supply and demand of grains
• Cocoa supply shortage
• Russia/Ukraine conflict and its impact on commodity trading
• Portfolio construction with commodities

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book June 22 2023

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

• Latest changes in Fed policy
• Dovish pivot on the horizon?
• US dollar and the new chair of US Council of Economic Advisors
• China reopening 
• Implications of China/Taiwan conflict
• Debt ceiling – what’s next?
• Outlook on AI associated stocks

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book June 15 2023

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

• Inflation outlook
• Geopolitics and trade
• Consequences and implications of inflation
• China and BRICS alliance
• “Virtuous Sovereign Trinity”
• Artificial intelligence – where is it headed?
• Portfolio construction

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book June 8 2023

Erik Townsend and Patrick Ceresna welcome Ronnie Stoeferle to MacroVoices. Erik and Ronnie discuss:

• What to expect from In Gold We Trust report
• Fundamentals driving precious metal markets
• Mining stocks
• Inflation and monetary policy changes
• De-dollarization and gold accumulation in Russia and China
• Shift in gold demand from West to East
• ESG – social implications of gold mining
• Market outlook and trading strategies with gold 

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Ronnie 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).

Supporting Materials for Download are listed below - click to open or download.

In Gold We Trust - Showdown

In Gold We Trust Report 2023

In Gold We Trust Report 2023 - Compact Version

Big Picture Trading Chart Book June 1 2023

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

• Macro outlook on Europe
• Impact of rate hikes on commodities
• Outlook for European energy security
• Inflation outlook for the rest of 2023
• Gold and stagflation
• Bitcoin & cryptocurrency

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book May 25 2023

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

• US Recession and is the bear market rally over?

• Fed cuts – is it different this time?
• Fixed income outlook
• China re-opening and EM outlook
• What’s next for USD
• Complacency of US high yields

• Commodities super cycle intermission

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Tian 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).

Supporting Materials for Download are listed below - click to open or download.

Variant Perception - MacroVoices May 2023

Big Picture Trading Chart Book May 18 2023

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

• Banking crisis and the Fed’s reaction to hike rates
• Reasons for decline in active management despite recent banking crisis
• What would happen if there is a technical default
• De-dollarization – where is it headed
• Governments embracing CBDC
• Benefits and implications of AI technology

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Yes, I give a FIG... thoughts on markets from Michael Green/Profplum99 

Vanguard's trillion-dollar man leads a fixed-income revolution 

Big Picture Trading Chart Book May 11 2023

Erik Townsend and Patrick Ceresna welcome Chris Whalen to MacroVoices. Erik and Chris discuss:

• Latest FOMC
• Is ’08 size banking crisis on the horizon?
• Lessons from the 80’s on what’s ahead
• Funding opportunity dip
• Is the latest hike really the last one?
• Outlook on Fed policy and inflation
• Portfolio construction
• Banking crisis risks & inflation runaway risks

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

The Institutional Risk Analyst 

Big Picture Trading Chart Book May 4 2023

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

• Outlook on US interest rates
• Inflation – where do we go from here?
• US/China trade relations and its impact on commodities
• Backwardation and contango
• Oil prices
• US/Europe natural gas arbitrage
• Copper & precious metals
• Is it time for all-time highs for gold?

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).

Supporting Materials for Download are listed below - click to open or download.

Commodity Slides for MacroVoices 04 2023

Big Picture Trading Chart Book April 27 2023

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

• Recovery to new all-time highs?
• Market outlook
• Interest rates and inflation
• Credit crisis on the horizon?
• Gold and de-dollarization
• Impact of China’s recovery on global macro outlook
• Precious metals and energy transition

Rosenberg Research Free Trial

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book April 20 2023

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

• Debt ceiling and monetary policy
• Implications of impending yield curve control
• Could the US default?
• Fed – how much interest expense can they afford?
• “Greenspan crowding out”
• What’s next for oil and gas
• De-dollarization

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Get access to The Bear Traps Report 

Big Picture Trading Chart Book April 13 2023

Erik Townsend and Patrick Ceresna welcome Adam Rozencwajg to MacroVoices. Erik and Adam discuss:

• Energy outlook
• China reopening and demand
• What will be the catalyst that would change oil prices 
• Recent gold rally – what’s next for gold?
• How decarbonization agenda will impact copper prices
• Nuclear renaissance

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book April 6 2023