Macro Voices Podcasts

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

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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 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).

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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?

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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

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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

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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

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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).

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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

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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).

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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

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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

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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).

Click here to register or login for access to supporting materials.

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]

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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

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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

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

• Causes of recent increased nuclear escalation risks
• Possibility of China to annex the Russia/Ukraine conflict
• Where is China/US relations headed?
• The Pentagon’s involvement in SVB bailout
• The ‘little giant’ strategy

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

• Banking crisis – is it over or is it just the beginning?
• Monetary policy implications from banking crisis
• Will the Fed retain control of the markets?
• Translating current market backdrop into portfolio construction
• Recent upturn in the VIX – was it signaling an impending crisis
• 0DTE and its effects on market volatility

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

• The fall of SVB and the Fed’s hiking cycle
• Is the Fed done with QT?
• What will the Fed do with inflation and what it means for the markets
• Crude oil – what’s next?
• How to play the end of the hiking cycle
• Tensions with Russia & China and what it means for the markets
• Outlook on the US dollar

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

• Hot topic macro themes
• What is the market signalling?
• Energy outlook
• Escalation of conflict between US/Russia and what it means for the markets
• Where is the bond market headed
• Recession outlook
• Fed rate hikes – is it over yet?

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

• Lessons learned after Russia/Ukraine conflict anniversary
• SPR - What caused the recent big builds in inventory
• Russian natural gas export
• Oil price outlook
• Internationalization of liquified gas and what’s ahead
• Demand decline vs. demand destruction
• Phasing out fossil fuels before finding viable replacements

Download the podcast transcript: [Click Here]

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

Click here to register or login for access to supporting materials.