Macro Voices Podcasts

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

  • Commodity Market Overview
  • Impact of Tariffs on Copper Market
  • Oil Market Dynamics 
  • Gold & Silver Market
  • Rare Earth Elements

 

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.

Big Picture Trading Chart book Aug 14 2025

Ole Hansen - Saxo Bank

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

  • Trade Negotiations & Market Cycles 
  • US – EU Trade Agreement
  • Oil Prices & OPEC Strategy
  • Copper Market & Tariffs 
  • Dollar Index & Precious Metals

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart book Aug 7 2025

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Erik Townsend and Patrick Ceresna welcome Rick Rule to MacroVoices. Erik and Rick discuss:

  • Oil vs. Uranium 
  • Policy Risks & Market Dynamics 
  • Uranium Market & Policy Support
  • Gold & Silver Markets
  • Gold Equities & Market Performance 

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart book July 31 2025

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

  • Stablecoins & Their Impact on Finance
  • Scott Bessent & Financial Strategy
  • The Role of Intelligence Agencies in Markets
  • The Impact of Declassification on Public Trust
  • The Future of Markets & Intelligence Agencies 

 

Download the podcast transcript: [Click Here]

Big Picture Trading Chart book July 24 2025

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

 

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

  • Market Outlook
  • Paradigm C & Its Implications
  • Structural Forces & Market Dynamics
  • FED Policy & Political Influence
  • Concerns About Exogenous Risks

 

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.

Big Picture Trading Chart book July 17 2025

Darius Dale - 42 Macro

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

  • Fiscal Policy vs Monetary Policy 
  • Impact of Fiscal Deficits on Economy 
  • Asset Class Performance
  • Energy Sector Outlook
  • Bitcoin & Government Policies 

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart book July 10 2025

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

  • Lithium & Copper Market Outlook
  • Impact of Tariffs on Copper
  • Natural Gas & Energy Demand
  • Petroleum Reserve & Oil Services Equities
  • Gold Market & Financial Repression

 

Download the podcast transcript: [Click Here]

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

Larry Mcdonald: Bear Traps Report

Big Picture Trading Chart book July 3 2025

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

  • Market Outlook & Geopolitical Influences
  • Inflation & Tariff Impact
  • Bond Market & US Dollar Outlook
  • Precious Metals & Central Bank Buying
  • Energy Markets & Geopolitical tensions

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart book June 26 2025

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

  • EU Defence & Capital Rotation
  • Impact of US Retreat & EU Opportunities 
  • Commodities & Energy Transition
  • Gold & Digital Currencies
  • Geopolitical Implications & Energy Policy

 

Download the podcast transcript: [Click Here]

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

 Big Picture Trading Chart book June 18 2025

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Erik Townsend and Patrick Ceresna welcome Rory Johnston to MacroVoices. Erik and Rory discuss:

  • Crude Oil Market Overview
  • Term Structure and Market Expectations 
  • Fundamental Drivers & Market Behaviour 
  • US Shale & Global Energy Crisis
  • Supply & Demand Dynamics 

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart book June 12 2025

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

  • Market Outlook & Recent Performance
  • Impact of Tariffs & Policy Risks
  • Trump’s Impact on Corporate America
  • Foreign Capital & US Markets 
  • US-Europe Relationship & Monetary Policy

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart book June 5 2025

Vincent Deluard: The Cancellation Of Recessions

Vincent Deluard; MAGA’s War on Corporate America

MGreen

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

  • Inelasticity & Market Structure
  • Economic Weakness & Tariff Impact
  • Inflation Expectations & Market Surveys
  • AI & Its Economic Implications
  • Equity Markets & Passive Investing

 

Download the podcast transcript: [Click Here]

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

 Big Picture Trading Chart book May 29 2025

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

  • Trump Tariffs & Their Purpose
  • Reordering The Financial System 
  • Impact of Tariffs on Inflation 
  • Bond Market Outlook Topic 5
  • Moody’s Downgrade & Its Implications

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart book May 22 2025

im Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets.

Jim appears regularly on CNBC, Bloomberg and Fox Business, and is often featured in the Wall Street Journal, Bloomberg News, Grants Interest Rate Observer, and MarketWatch. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).

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

  • Trump Tariffs & Trade Deal Negotiations 
  • Recession Signals
  • US Market Underperformance & Capital Flow
  • Energy & Commodity Markets 
  • China’s Economic Situation 

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart book May 15 2025

Dr. Anas Alhajji

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

  • OPEC+ Production Increase & Market Reactions
  • Media Misinterpretation
  • Impact of Hajj & Summer Demand
  • Trump’s Visit & Oil Politics
  • Long-Term Outlook For Oil & LNG

Download the podcast transcript: [Click Here]

 

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

What Do Saudi Arabia & Allies in OPEC+ Want from Accelerating the Unwinding of Voluntary Cuts? - Anas Alhajji 

Big Picture Trading Chart book May 8 2025 

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

  • Trump Tariffs and Trade Reversal 
  • Gold As A Safe Haven
  • China’s Gold Buying
  • Trump’s Tax and Tariff Strategy
  • Perception Vs. Reality in US Infrastructure 

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart Book May 1 2025

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Erik Townsend and Patrick Ceresna welcome Michael Howell to MacroVoices. Erik and Michael discuss:

  • Gold Liquidity Cycle Overview
  • Impact of President Trump’s Trade Policies 
  • 2025 Outlook & Liquidity Conditions 
  • Debt Maturity Wall & US Policy Uncertainties
  • US Bond Market & Term Premium 

Download the podcast transcript: [Click Here]

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

Michael Howell - Global Liquidity

Cross Border Captial - GLC Summary

Big Picture Trading Chart Book Apr 24 2025

DanielLacalle2020

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

  • European Perspective on US-EU Relations
  • Impact of US-EU Trade Tensions
  • Stagflation Risks & Debt Sustainability
  • Monetary Policy & Central Bank Collaboration 
  • EU’s Potential De-Dollarization 

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart Book April 17 2025

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Erik Townsend and Patrick Ceresna welcome Simon White to MacroVoices. Erik and Simon discuss:

  • Market Volatility & Trump Tariffs 
  • Impact of Trade Deficits & Globalisation 
  • Fiscal Deficits & Treasury Demand
  • Liquidity Tightening & Basis Trade
  • Capital Nationalism & Trade Nationalism 

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart Book April 10 2025

Simon White

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

  • Nuclear Industry’s Bullish Outlook
  • Bullish Factors & Market Dynamics
  • Geopolitical Impacts
  • Supply Deficits & Market Forecasts 
  • Long-Term Market Outlook

 

Download the podcast transcript: [Click Here]

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

Big Picture Trading Chart Book April 3 2025

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.

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