Macro Voices Podcasts

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

• Inflation – is it really transitory?
• Impacts of Ukraine/Russia situation on inflation
• Global reserve currency – US Dollar vs. Digital Currency
• Inflation impacts on the bond market
• Energy crisis on the horizon?
• ESG vs fossil fuels

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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Big Picture Trading Chart Book April 7 2022

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

• Energy outlook

• Recession impact on oil prices
• Transition to ESG & Electrification of the economy
• Overlooked challenges in the transition in energy
• Consequences of current geopolitical event on energy
• Likelihood of price control

• What should be done to mitigate energy price challenges

Download the podcast transcript: [Click Here]

SPECIAL POST GAME GUEST- Jonthan Awde

Visit Dakota Gold

Follow on Dakota Gold on Twitter & LinkedIn

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Notes at the Margin - March 28 2022

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

• Beginning of a tightening cycle amidst Ukraine/Russian war

• Recession and decreasing demand
• Risk of stagflation in Europe and other parts of the globe
• Relationship between energy and inflation
• Chinese economy & US/China relations
• Central bank policies and hiking cycles

• Risk of runaway energy prices
• Replacement of USD as the global reserve currency  

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).

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

Big Picture Trading Chart Book March 24 2022 

Erik Townsend and Patrick Ceresna welcome Joseph Wang to MacroVoices. Erik and Joseph discuss:

• This week’s FOMC meeting
• Is it time for Volcker style aggressive hiking cycle?
• What options are available to the Fed?
• QT cycle – takeaways from the past and what to expect moving forward
• Weakness in equity markets
• Will the Fed stay on course this time?
• Mortgage-backed securities

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).

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

Big Picture Trading Chart Book March 17 2022

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

• Upcoming policy mistake

• Inflation risks – what is the issue with inflation?
• Tightening monetary policy in this current environment
• Window of economic vulnerability
• ESG and energy costs amidst the war cycle backdrop
• Outlook on equities and bonds

• Rise of commodities and what’s going on with gold  

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).

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ECRI for MacroVoices 03 10 2022 

Big Picture Trading Chart Book March 10 2022

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

• Legitimacy of Russia’s concerns
• Perspectives on Glen Greenwald’s views on Ukraine/Russia situation
• “Dead Man’s Switch”
• Is there a nuclear threat?
• Russia’s presence in Asia
• What can aid in de-escalation of the current Ukraine/Russia relations
• WWIII may result in an economic boom

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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WWIII Has Already Started - by Dr. Pippa Malmgren 

Big Picture Trading Chart Book March 3 2022 

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

• Key takeaways from previous tightening cycles

• Secular vs. transitory inflation
• Aftermaths of hiking cycles of the past
• Impacts of COVID pandemic effects on the market
• Ukraine/Russia relations – downside left tail or right tail risk?
• Outlook for second half of 2022

• How to interpret lack of liquidity in 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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MacroVoices #312 Charlie McElligott Charts

Big Picture Trading Chart Book February 24 2022

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

• Credit market reaction to inflation
• Employment: friction between returning to office vs. WFH
• What’s going on with the Fed
• How to know if inflation is transitory
• MMT influence on politics and policies
• DeFi and tokenization of financial assets

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).

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

Big Picture Trading Chart Book February 17 2022

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

• Is the bond bull market over?
• US Dollar outlook
• Effects of tightening cycle
• Fed’s excess stimulus and inflation
• Gold & precious metals outlook
• Perspectives on bond markets

Get your copy of The Trades of March 2020: A Shield Against Uncertainty

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).

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

Big Picture Trading Chart Book February 10 2022

Erik Townsend and Patrick Ceresna welcome Izabella Kaminska to MacroVoices. Erik and Izabella discuss:

• Shifting into endemic phase – what that means for the economy
• Is this inflation transitory?
• Supply chain – shortage in semi conductors
• Instability in Ukraine/Russia relations
• What the current economic situation means for investors
• CBDC in China – will other governments adopt?
• UBER and Airbnb business model
• What happens next in recovery for consumers

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).

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

Big Picture Trading Chart Book February 03 2022

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

• Return of volatility

• Is recession upon us?
• Price of gold
• Rate hike cycle and inflation
• Velocity of money and inflation expectations
• Relationship between gold and crypto

• Performance of mining shares
• General market outlook

Download the podcast transcript: [Click Here]

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

Conversation with Macrovoices Jan 2022 

GMI Think Piece - January 2022 Ronald Peter Stoeferle

Incrementum Bitcoin Chartbook - January 2022

Big Picture Trading Chart Book January 27 2022

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]

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).

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

Big Picture Trading Chart Book January 20 2022 

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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42 Macro - MacroVoices 01 13 2022

42 Macro - Learning the Process: Welcome to the GRIDs 

The Bond Market Refuses to Accept Economic Reality by Kevin Muir - Bloomberg

The Macro Tourist Newsletter 

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).

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

The Winds Of Change - TTMYGH 10 2021

Big Picture Trading Chart Book January 6 2022

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]

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

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).

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

The Felder Report Charts - MacroVoices December 2021

Big Picture Trading Chart Book December 23 2021

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).

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

Emergence Of The New Capital Markets - MACROVoices Dec 2021

Big Picture Trading Chart Book December 16 2021

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]

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There's Behind the Curve and There's This - MacroVoices December 2021

Big Picture Trading Chart Book December 9 2021

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]

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Big Picture Trading Chart Book December 2 2021

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]

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Lyn Alden - MacroVoices November 2021

Big Picture Trading Chart Book November 24 2021