Macro Voices Podcasts

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

• Will the supply/demand levels return to pre-pandemic levels?
• What to expect from Guyanese offshore oil
• Shale growth – how high can it go?
• China re-opening and its impact on energy market
• EU’s embargo on Russian oil 
• Purpose of SPR  

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik, Patrick and Nick 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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Erik Townsend and Patrick Ceresna welcome Eric Peters to MacroVoices. Erik and Eric discuss:

• Perspectives on current geopolitical landscape
• Rising conflicts and Inflation 
• Supply chain disruptions
• Food and energy
• How to navigate investing in the current economic backdrop
• What China re-opening would mean for the rest of the world
• New regime of financial repression on the horizon?

Download the podcast transcript: [Click Here]

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

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

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

• Commodities outlook
• Fed’s policy and inflation
• List of stocks to watch out for
• Lack of investments, decarbonization and electrification
• Perspectives on US dollar
• Contango and backwardation
• Will inflation persist during a recession?
• CoT report 
• Possibility of negative natural gas prices in Europe
• Copper, gold and agriculture

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 Louis-Vincent Gave to MacroVoices. Erik and Louis discuss:

• Liquidity crisis and what lies ahead
• China’s ongoing lockdown and its implications on the global economy
• Will Xi Jinping pivot?
• Global energy crisis & NOPEC bill
• Re-opening of China and increasing inflation
• Bond market outlook

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik, Patrick and Nick will refer to it throughout the postgame. 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 Daniel Lacalle to MacroVoices. Erik and Daniel discuss:

• Energy crisis in Europe
• EU policy makers and their beliefs in efficacy of sanctions
• Nord Stream pipeline sabotage 
• What level of hardship is expected in Europe in coming months
• Inflation and demand destruction
• Will energy supply return to pre-pandemic levels?
• Investing in current economic landscape
• Outlook on US dollar

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik, Patrick and Nick will refer to it throughout the postgame. 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 Alex Gurevich to MacroVoices. Erik and Alex discuss:

• Inflation – will it get worse?
• Energy crisis in Europe and UK policy response
• Will the current economic backdrop persist?
• Jay Powell and the Fed’s focus on core PCE
• Depression on horizon?
• Consequences to the US dollar
• Dollar and the emerging market debt

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Alex 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 Jeff Snider to MacroVoices. Erik and Jeff discuss:

• Fundamentals of Eurodollar system
• What do the international markets have to do with the value of USD
• Divestiture of foreign exchange assets
• Best way to implement global digital currency system

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).

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Erik Townsend welcomes Mike Alkin & Adam Rodman to MacroVoices. Erik and guests discuss:

• The Uranium Fuel Cycle
• The perceived dangers of Uranium production are misunderstood
• Built on-site vs. modular ‘’factory’’ reactors
• The Uranium enrichment process
• Investing in Uranium: Opportunities and Risks
• The Effect of Fukushima on the Uranium industry and where the industry stands today
• The East as leaders of global Uranium production & enrichment and its effects on geopolitics and the energy crisis.

Download the podcast transcript: [Click Here]

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

• Inflation outlook
• “Quiet quitting” & labor shortage
• Current supply chain landscape and what to expect moving forward
• Impending energy crisis and its impacts on inflation
• Portfolio construction with current market conditions
• Ukraine/Russia situation and global economic warfare
• Precious metals outlook

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).

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

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

• European energy crisis
• Impending recession and its impacts on energy demand
• Is the peak oil moment upon us?
• Geopolitics and its effects on the petrodollar system
• G7’s solution to put price cap on Russian oil
• Ever changing production targets and what it means

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).

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

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

• Redefining recession and what it means moving forward
• Is recession upon us?
• Where we stand in the cycle
• Central banks’ roles in the market and how it impacts leading indicators
• What to anticipate in multi-year QT
• Has the recovery already begun?

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).

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

Erik Townsend and Patrick Ceresna welcome Brent Johnson to MacroVoices. Erik and Brent discuss:

• Update on the Dollar Milkshake Theory
• Sovereign debt crisis
• Will the dollar continue to rise?
• Breakdown of the Euro & Yen
• Absolute vs. Relative performance
• How to invest in gold as an investor while the debasement of fiat currency continues
• Portfolio construction with the current economic backdrop
• Outlook on commodities and equities
• Views on digital currency possibly replacing the dollar as global reserve currency

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chartbook that accompanies this episode, as Erik and Brent will refer to it throughout the interview. 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 Leigh Goehring to MacroVoices. Erik and Leigh discuss:

• Relationship between fertilizer shortage and Russia/Ukraine conflict
• Changes in global grain demand
• What is with Biofuels
• Emerging markets and increased demand
• Impact of increased natural gas prices on agriculture
• Fertilizer vs. carbon emissions
• What is food nationalism
• Best space for investors

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Leigh 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 Charlie McElligott to MacroVoices. Erik and Charlie discuss:

• Perspectives on the recent sell off
• The next Fed pivot – does it have to be dovish?
• Fading expectations of the Fed rate cut in spring ‘23
• Consolidation of August rally and where it’s headed next
• How to navigate increased volatility
• Why Gamma is the most important flow

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Charlie 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 David Hay to MacroVoices. Erik and David discuss:

• Outlook on energy market
• Justification of CapEx in fuel switching
• How the global recession will impact oil prices
• Pricing in recession – what this means for energy prices
• Is this the dip to buy in energy?
• The Green Energy Transition
• Perspectives on gold & silver
• How long will the Fed continue to expand their balance sheet?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and David 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 Adam Rozencwajg to MacroVoices. Erik and Adam discuss:

• Beginning of an energy crisis?
• Impacts of an energy crisis on recession
• Shifting paradigms in natural gas pricing US vs. Europe
• Impacts of fertilizer shortage
• Outlook on gold

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).

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

Erik Townsend and Patrick Ceresna welcome Harley Bassman to MacroVoices. Erik and Harley discuss:

• Is the bottom finally in?
• Relationship between inflation and interest rates
• How far can the fed raise interest rate to fight inflation?
• Driving force behind inflation
• Why is the stock market not crashing based on recent events
• Outlook on gold
• Wealth disparity between boomers vs. millennials

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Harley 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 Lyn Alden to MacroVoices. Erik and Lyn discuss:

• Energy update
• Impacts of oil prices and Russia/Ukraine war on inflation
• Recession risk and supply crisis in oil
• Outlook on recession
• Recession impacts on commodities vs. equities
• Which way will the interest rates go?

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).

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

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

• Inflation update
• Anticipation of a deflationary recession
• Dangers of deflationary money
• Outlook on commodities
• Why collateral is the biggest money risk
• Will the Fed be forced out of tightening cycle?
• Why rising oil prices signal deflation

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).

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

Erik Townsend and Patrick Ceresna welcome Julian Brigden to MacroVoices. Erik and Julian discuss:

• Inflation update
• What is Hyper-Financialization
• What’s next for the bond market
• Is it time to short junk bonds?
• Outlook on precious metals
• Signs that the bottoms are really in
• How to invest with the current economic backdrop

Download the podcast transcript: [Click Here]

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