Welcome to Macro Voices

Erik Townsend and Patrick Ceresna welcome Prof. Steve Keen to MacroVoices. Erik and Steve discuss:

• Benefits of the U.S. losing its reserve currency status
• International trade and deindustrialization of U.S.
• U.S. Government budget and trade deficits
• Possible fiscal crisis and the increase of US Treasury Yields
• Devaluation of the dollar, imports and inflation shock
• Risk of global currency to replace the US dollar as the world's reserve currency
• Consequences of decrease in demand for US dollar
• Runaway inflation and runaway trade deficit
• Government spending, current inequality in income tax system
• Risks and opportunities of MMT

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Erik Townsend and Patrick Ceresna welcome Neil Howe to MacroVoices. Erik and Neil discuss:

• Insights from Neil on how the Fourth Turning is unfolding
• Climax’s at the end of the Fourth Turning
• Socialism, populism and extremism in politics
• What is in store for the second half of the fourth turning
• Current economic expansion is running out of workers
• Effect of population composition
• Late-cycle dynamics and real GDP growth trends
• Correlations of term spreads and consumer confidence
• Term spreads, credit cycles and volatility
• Demographic trends for the long-term future

We strongly recommend that you download the chart book that accompanies this interview, as Erik and Neil will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. 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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SPECIAL POST GAME GUEST- Juliette Declercq - Financial Repression Theme

• Perspective on the Fed pivot
• What is the trade in this market environment

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Erik Townsend and Patrick Ceresna welcome David Rosenberg back to MacroVoices. Erik and David discuss:

• Thoughts on the Fed policy shift
• Is the market still in a topping formation?
• Are we in an earnings recession?
• How low will yields go on Treasury Bonds?
• Has the MMT crowd discovered something new?
• Will we see helicopter money during the next downturn?
• What can go wrong with the implementation of Modern Monetary Theory?
• Looking back to the Ben Bernanke playbook from 2002
• What is in store for the corporate bond market?

We strongly recommend that you download the chart book that accompanies this interview, as Erik and David will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. 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).

Free Trial to Breakfast with Dave

The Big Picture Trading Post Game Chart Book

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Erik Townsend and Patrick Ceresna welcome Art Berman back to MacroVoices. Erik and Art discuss:

• Oil price collapse was more than a correction
• World production surplus for 2019-2020
• Asking if OPEC matters anymore?
• U.S. Oil production
• Trends in world liquid production
• Perspective on the Brent and WTI curves
• Why is Brent trading at a premium to WTI
• Increasing short bets on oil
• Future of U.S. E&P companies
• Cost of drilling wells

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Art will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. 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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SPECIAL POST GAME GUEST- Charlie McElligott - Ides of March

Quarterly Op-Ex Seasonality
Extremes in option $Delta (SPX, SPY and QQQ)
Resumption of buyback blackout window
Systematic trend models - sell triggers

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

• Perspective on the U.S./China Trade War
• Is this about trade or the Korean peninsula?
• Chinese strategy in the South China Sea
• The future of Donald Trump
• China and Russia relations
• Future of hypersonic warfare
• Trends in socialism and populism
• Surveillance Capitalism
• Outlook for the equity markets

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SPECIAL POST GAME GUEST-  BRENT JOHNSON

• Alternative timeframes for the dollar endgame
• Why the dollar can continue to rise in the interim 

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Erik Townsend and Patrick Ceresna welcome back Francesco Filia to MacroVoices. Erik and Francesco discuss:

• How severe could a bear market be?
• Complex dynamic systems
• Short-term crash vs. extended bear market
• Phase transitions and twin bubbles
• Tipping points, crash hallmarks and butterflies
• Why are the risks now?
• Are treasury bonds going to be the benefactor?
• How to play the short side of the markets?
• Populism is the elephant in the room
• Alternative monetary policy 

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