Thank you for an extremely insightful discussion on the recent attacks in Saudi Arabia featuring Anas Alhajji and Joe McMonigle. Well prepared, thoughtful and informative. It is content such as this that makes this website and podcast network so valuable. These are incredibly interesting markets and having intelligent, articulate experts to educate us is extremely helpful. Please keep up the great work. Richard

Eric and Patrick,
Just wanted to say that I just donated to help defray some of your costs. I felt compelled to do this because the content you two are producing is excellent. I felt morally obligated to give back because I have received so much from your podcasts. I truly appreciate the insights you and your guests are providing each and every week. I have been telling my colleagues in the retail investment side of the business that they need to be listening to your podcasts if they really want an unadulterated view of what is driving the various financial markets. Keep up the great work guys!

I’ve been a huge fan since the beginning. This is by far the best macro podcast anywhere. It’s insane that they provide it at no charge. I just listened to the private gold vaulting episode and wow, what an eye opener. Thanks Erik and Patrick, amazing podcast. Thank you!

I am an MSc Finance student in London and I religiously follow your podcast - it is not only educational and insightful but makes me really excited about my incoming career in the industry... Thank you for all you do.

Hey Erik & Patrick, just wanted to say thank you for doing what you do and keeping the service free and honest. I listen to every episode of your show, and always look forward to the next one. I do not work in finance, but find it fascinating at a macro level. Your podcast has taught me so much, and without a lot of regular services like this out there, especially that I can afford on my retail operations salary, it's been an invaluable way to learn and understand (at least go from 1% to 10%) what's going on in the world. Money does seem to make it go round after all, for better or worse. Anyway, please keep doing what you're doing! All the best and thank you again!

The idea to bring Luke G and Jeff S together was a genius move ... they both are getter closer to the point (actually, points), the more they discuss and talk ... at some point of this recent conversation Jeff was so clear in his expressions like never before ... at one point, I thought: "Will he finally write his book now!" ;-) ... please continue this format, it's too important ... Keep up the great work, Jens ... PS From a European perspective there is no reason to shy away from "debating" :) .... PPS: I know it need maintenance and effort, but a stream/blog page for listeners would be a great thing (like Mauldin at "News from the Frontline")

Hi Erik,
The macro voices podcast is great and when I listen, I'm guaranteed to learn something new and interesting. I think you do a fantastic job finding guests who are extremely knowledgeable, and also finding ways to make it more understandable for the listener. I really like the Luke Gromen episodes.

I've been doing technical analysis professionally for over 25 years. I've just started listening to Macro Voices over the past few months and am very impressed with insights on this podcast. The guests are excellent and the topic are VERY relevant to anyone interested in the mechanics of macro shifts underway in the market. Well done and thank-you for sharing.

Mr. Townsend & Mr. Ceresna,

Just wanted to reach out and say thank you for making me think.

I am a rising senior at Ohio State studying econ and I have learned more from your podcasts and featured guests than any professor I’ve ever had. My favorite episode to date is with Steve Keen. Since the release, I have listened to it ~10 times and get something different out of it every time. He also has me hooked on everything with William Haugen’s name on it, I am currently awaiting the arrival of The Beast on Wall Street and an older text book.

This is only one example of you two either directly or indirectly driving my young, intellectual curiosity. I am currently an intern at Morgan Stanley and listen to your podcasts while I crank through excel, however I needed to express my gratitude for your podcasts.

Best, Matt

Hi Erik,

I have been listening to Macro Voices for a few months now, since I heard your talk on chat with traders with Aaron. I can't overstate how grateful I am for you and your guests for making this kind of content available.

I am always intrigued by the conversations you have, and I love the way you interview and never interrupt your guests while they flesh out their ideas. I learn so much from the insights you and your guests provide! So I just wanted to say huge and very warm thank you!! Thank you for putting together this podcast!

I'm not the kind of person who would ordinarily have access to such high quality, long form conversations from such a fantastic range of smart people. I do not have a background in economics, or any contact with people inside the industry, and would be very out of place in any setting where I am likely to meet said people. I'm just a programmer trying to game the markets.

Macro voices is the best resource I know of to get me thinking big picture and provide me with a better understanding of the complex and silly world of global capital market :)

I really appreciate the work you and Patrick do, so once again, a big thank you!!

Kind Regards,

Compared to many lower quality webpages, or those promoting certain agenda, this one clearly stands out as well argued and balanced. Interesting analysis and ideas. Thank you!

Eric & Patrick,
I just want to say thanks for all you guys do to pull this show off with high quality guests .. I'm not directly in the finance industry ( I'm in the food industry ) but I really appreciate the content and perspective ..I hope you guys can do something in LA some time ..I would help you pull it together...

Great interview with Neil Howe! I only this year read The Fourth Turning and have since been trying to convince people that Generation-Z is merely more Millenials, as there was no real demarcation in 1996 and generations last more than a decade. So, I'm glad to get some vindication. I had hoped for a forecast on which way he expects things to fall: left or right, alas who knows? There was also no mention of who might be the Grey Champion. I nominate Jordan Peterson (even if he is Canadian)!

Hey Erik,

Just wanted to send you a quick note to compliment your interview skills. You are a fantastic interviewer. You ask great questions and try to get the whole perspective as best you can in spite of your bias which you are honest about. Everyone has a bias and as some one giving an interview you want to show yours as little as possible but you just being honest about where you stand economically is the answer to that tough predicament. I love your show and guests and as a novice in the economics department I find it very easy to follow along.

Hello Eric and Patrick,

I would just like to thank you both for producing such a financial podcast. The format of the show is excellent and the guests that you bring on are always very interesting and I always learn something new. I've been following macro voices since it started and having Patrick join you has only made the show so much better as he brings a wealth of knowledge. Personally I like macro voices more than Real Vision and I think that it's the best financial podcast out there. I always get excited every Friday morning when the new show arrives in my inbox.

I make regular donations to help support your podcast as I want to help keep macro voices growing.

Again, thank you both very much for producing such a great podcast, you are both stars.

Hi Erik and Patrick,

Just a quick line to tell you how much I appreciated your podcast with McElligott. FWIW hands down the best I have heard on your show and imo up their in the top league of timely macro conversations all media considered. And all that for free, amazing!

Wishing you all the best for a high quality 2019!

Keep up the great job,

I have been looking for great market commentary and content for a while now, and finally came across this podcast.
Leaps and bounds ahead of almost everything else out there -- if there is anything better out there, it is highly exclusive. Very informative and educational. Thank you for supplying this highly thoughtful content.

I don't normally bother with commenting on content, be it good or bad, but listening to just a few of your podcasts compelled me to thank and congratulate all those involved, especially Erik and Patrick.

I have been repeatedly taken a back by the content some of your guests have brought to my attention. It has been and continues to be eye-opening and superbly interesting. I don't mind the (occasionally) overwhelming complexity, in fact I welcome and cherish it. I like the way the show is structured and aired, I like that It's ad-free and to the point. I also appreciate the - for the most part - above-average sound quality on the hosts' part. (Some guest's microphones are below par but that's understandable.) I also very much enjoy Eric's intermezzo summaries and questions, which help reinforce the messages.

Thank you and please keep up the good work.

I'm just finishing the last part of the EuroDollar University II - and quite frankly both series and Jeff's work blew my mind ... it explained so much of my open questions actually since 2007, when I first realized that something is going wrong here ... though being European, skeptical in nature, and even worse a German, I permanently thought about how to raise awareness to this issue ... besides writing a story/blog about it in different language, one thing popped into my mind:

WE NEED TO BRING JEFF TO A "BILDERBERG CONFERENCE" ASAP - does someone know how we could accomplish this? Let's make it happen ...


I didn't see a particular address for feedback so I'm using this. I want to thank you for all of your episodes but particularly for the July 19th episode. It was as excellent as always. The portion on managing tail risk was especially valuable to me. I listen to a number of Podcasts and read a number of newsletters to help me with my investing but no where have I fully understood how to manage tail risk. I listened to that portion at least a dozen times and today bought some put options to protect my retirement portfolios downside risk. I feel fantastic about it and was surprised at the little premium I paid for this just as described. I'm in the camp that the market will expand for a little longer here but I had move to 50% cash so I protected my other 50% with the puts. I don't even know what other things like managing tail risk that I could request you cover. Perhaps you know of other topics that would help individual investors like me. It's so obvious to you guys but not at all obvious to me. It makes complete sense. I am retired and actively manage my retirement funds so knowledge like this is invaluable. Thank you very much.


Hi! I'm from Sweden and just want to say that your podcast is super! Thanks for a great job!

First of all, I feel the need to say thank you. MacroVoices is without dispute the best financial podcast produced. Your format is excellent and the entire podcast is useful (vs others who waste a lot of listener time with small talk or conversation intended to be entertaining). Your guests are the best of the best. I love how you bring people like Juliette back often given her track record. Your post-game is always relevant and interesting and we often get two guests in one show. I enjoy both of your personal market views. Lastly, the special series’ you produce are very insightful, especially the dollar end game. I could go on and on but I’ll stop here. THANK YOU.

Hey guys, I am just writing to say that I really appreciate what you all do. Erik is truly great in breaking down the plumbing and technical parts of the bigger picture. The interview with Jim Grant (I am certainly a subscriber) as it was incredible, which is saying something given how great all your interviews are. I am pushing all my colleagues in the firm to listen, as I think this podcast will be a must listen for anyone in the industry. I look forward to this podcast every week since I became a listener and I wish you all the best. Good luck with the further success.

MacroVoices has been a reprieve from the incessant sensationalism that currently dominates mainstream media. Erik's level-headed, thoughtful interview style is refreshing and always thorough. They really leave no stone unturned when it comes to discussing a topic and the depth of thought is consistently compelling. I wouldn't be the investor or thinker I am without my weekly dose of MacroVoices!

By far best financial podcast available. In fact, there are very, very few better sources of investment/financial information in any format.

And finally for the genral thanks: I have been a listener of the podcast from day one. I am a full time airline-pilot for the finnish national carrier finnair, and am living in finland. Although not an accredited investor by the sec-definition, I do have a passion for markets, macro, options and trading. Your podcast really struck a chord with me and I have learned a lot thanks to your efforts! As my job routinely takes me to the hotspots of global financial events, from my home in scandinavia, to singapore, hong kong, mainland china, japan and india as well as new york and the occasional us west-coast layover, I get to see first hand the things your excellent guests bring up in their interviews. Macrovoices has changed the way I view the world for the better! So this time I can't thank you enough for a fantastic show! And to round it off: I really like the current format, where Patrick also brings his views and expertise to the table to bring even more insights and viewpoints to Eriks excellent narratives! The more contrasting views you get, the more you learn! Keep up the good work gentlemen!

I don't have anything in particular per se, but just want to let you know I really enjoy the podcast. I feel like this is one of the very few unbiased podcasts on the Web and I appreicate you not dumbing things down (for the record, I'm just what you might consider a "serious dilettante / dabbler" in the financial markets -- I've spent probably most of my free time outside of work in the last half decade or so studying the markets -- and I can follow along very well! Hard to believe there was a time when I had no idea what someone meant when they said "COT report!")

Dear Eric and team, just a note to say how awesome your podcasts are. The content is so awesome you could charge for it. I first got turned on to your podcasts by Richard Duncan. I hope you will find terrific continued success so that this keeps going.

Thank you again for your great interview with Jim Rogers. You have made my week. Macro Voices is the best.

Happy birthday, your show is brilliant.

Hi Erik. This e-mail probably comes a bit out of left-field (pun intended) since I don't exactly fall into your target audience. Nevertheless, I wanted to express how grateful I am for your show and how much I've learned in my four or five months listening. I'm a rank-and-file warehouse worker for a major logistics corporation in Florida, where I serve as a union shop steward. Politically, I'm a socialist to the left of Bernie Sanders, and while that would seem to put us worlds apart, I'm consistently impressed with your pretty in-depth analysis of the world economy, commodities and equities markets, and investments in general. Like the Right, the Left is full of oversimplifications that make great slogans but aren't terribly helpful in terms of analyzing concrete conditions. I started listening to your show during my graveyard shifts at work as part of my weekly podcast lineup, and it's quickly become my highlight of the week (on Friday, no less).

Mr. Townsend,
The accredited investor series is great. I'm writing to say that I admire the candor, courage and humility with which you describe your costly experience with the investment bank. Many would be unwilling to so openly share such an episode. Your honor and bravery provide a great service to the lay investor. Many Thanks!

I really enjoy what you are doing on Macro Voices. I followed you from the days when you were a regular on the Financial Sense Newshour. I like your very clear and humble way of presenting what your thoughts are on the oil and precious metals markets and missed you when you left Financial Sense Newshour.

But, now that I have caught up with you on your Macro Voices I have to say that I look forward to your podcast more and more each week and listen to your program first each week.

Keep up the excellent work!!!!!!

I just got a chance to listen to your Rick Rule interview. I have heard Rick Rule many times on other shorter interviews so I sort of put this one on the back burner. When I finally took the time to listen, I was happy I did so. You guys have managed to get more substantive information out of Rick in this interview than I have ever heard in any other interview. This interview was comprehensive and insightful and devoid of the usual precious metal market cheer leading. Excellent. All of your interviews are home runs! Your site is at the top of my list of market sites I visit every week. Keep up the great work.

Erik's podcasts are clear, concise, and to the point. His knowledge and understanding as well as his informed insights into the macroeconomic abyss is unparalleled.

I highly recommend listening and subscribing to this feed.

~Mike R. from New hampshire

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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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