Macro Voices Hot Topic

Billionaire Canadian financier Robert Friedland headlines the inaugural episode of Smarter Markets, and shares a vision of commodities being graded based on how responsibly they were produced with regard to ESG priorities, thus allowing free market price discovery to determine a market premium to reward responsible producers of metals and other commodities which have historically had an adverse environmental impact.. Robert goes on to share his vision for how a distributed ledger (blockchain) could be used to hold commodity producers to account and assure buyers of commodities that they've received the full and true details of how those commodities were produced.

Erik lays out the reasons he invested in Abaxx Technologies, what the company is about, and how investors can get involved when ABXX stock starts trading publicly on December 15th.

This episode of Hot Topic features...

• Why USO’s 1:8 reverse split is a setup for massive retail inflows to Crude Oil ETPs this week
• Why oil producers will be taking the other side of futures bought by USO and other ETPs
• The perfect storm: What happens when a historically unprecedented % of shorts stand for physical delivery
• There simply is no good solution: Even with a financial bailout, the logistic nightmare could cripple the industry

Supporting Materials for Download

Bianco Research Presentation 04 27 2020 

This episode of Hot Topic features...

• The macro argument for gold: Jeff and Erik agree on a super-bullish outlook
• Understanding the physical gold market and the people in it: No license required!
• Jeff debunks some of the popular myths and misconceptions about how the physical gold market functions
• Jeff’s advice on how to ignore the conspiracy theories and design a diversified portfolio of both physical and paper precious metals exposure

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MacroVoices Spotlight #2 Bob Coleman: Private Vaulting of Precious Metals = Independence from the Financial System

This episode of Hot Topic features...

• The OPEC+ Cut Deal – Negotiations broke down over the weekend – what’s next for the market?
• Outlook for U.S. Shale after the Coronavirus Crisis: Is a V-shaped recovery realistic?
• Long-term outlook for energy markets after the crisis

Supporting Materials for Download

Oil-Market Madness - Art Berman Chartbook 

Economics for the Future - Beyond the Superorganism 

The Human Predicament 

This episode of Hot Topic features...

• Boots on the ground updates from Ground Zero: Northern Italy and Florida Healthcare preparedness updates
• All the MDs agree Erik’s symptoms are NOT COVID19, yet dozens of listeners from all over the world wrote in with identical symptoms. How does Dr. Steve reconcile this conundrum?
• What will it take to avoid a complete shutdown of the global economy?

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MUST READ ARTICLE: The Hammer and the Dance 

This episode of Hot Topic features...

• BLOCKBUSTER: The Imperial College Report—what it says and why it’s making such an impact on policymakers
• Lessons from Hubei Province: Why shouldn’t we expect a similar outcome in the USA?
• Making it Personal: Erik’s own experience with “probably having COVID19”

Supporting Materials for Download

Imperial College Report on COVID-19 Pandemic 

This episode of Hot Topic features...

• Before, After, and Inbetween: Lenore’s experience watching a society go from complete denial to new normal in 72 hours
• Seeing it Coming: As the author of an article PREDICTING healthcare facilities being overwhelmed, how did Lenore’s experience in Italy compare to her predictions?
• Lenore’s outlook for and advice to Americans, Brits, and others around the world: What’s coming and what you can expect it to be like
• Economic impacts on stock indices, commodities, and other markets

Supporting Materials for Download

Coronavirus: Is It No Major Worry Or A Pandemic? Yes 

This episode of Hot Topic features Tracy Shuchart. Erik and Tracy discuss:

• The COVID19 Crisis: Recap on what Erik sees on the horizon (see also full podcast yesterday)
• What COVID19 demand destruction means for energy markets
• OPEC+ and Russia: What happened? Are they bluffing or is this really a price war?
• What does it all mean for U.S. Shale, and is a shale industry bail-out politically tenable in an election year?

This episode of Hot Topic features...

• Outlook: 1 month before USA and all of Europe experience total failure of their healthcare systems (Italy is already there)
• Review of what led to Wuhan outbreak
• Why Hong Kong and Singapore were able to get their outbreaks under control
• Lessons learned from South Korea
• What went so wrong in Italy and why are USA and all of Europe about to repeat those mistakes?
• USA – the Land of Denial
• Market and Economic effects
• Election dynamics in USA

Supporting Materials for Download

The W.H.O. (Finally!) Declares Coronavirus A "Pandemic" 

Peak Prosperity 

This episode of Hot Topic features...

• Rebroadcast of Jan 30 interview with Dr. Chris Martenson (covered all major aspects of COVID19 pandemic)
• New developments in R0, CFR, community testing
• Analysis of why markets and the general public have still yet to fully come to terms with the extent of the pandemic

This episode of Hot Topic features panelists Jim Bianco, Mike Shedlock, Dr. Ben Hunt & Dr. Chris Martenson. Erik and the panelists discuss:

• Why a super-spreader driven silent global contagion may have alreadyoccurred
• Why draconian lockdown measures may be the only effective remedies against #COVID19’s high R0
• Contrasting views on the range of possible economic and market outcomes from our expert guest panel

Supporting Materials for Download

Jim Bianco Slides 02 24 2020 

Mike Shedlock Slides 02 24 2020 

This episode of Hot Topic features...

• Updated version re-recorded Jan. 28 to incorporate new information learned from our listeners
• Full analysis of 2019-nCoV (Wuhan Coronavirus Outbreak) and its financial market implications
• Why comparing nCoV to SARS is not the right comparison to make
• Why nCoV is much harder (arguably impossible) to contain vs. SARS which was relatively easy
• Why nCoV will involve far more cases than SARS, but hopefully will have a lower fatality rate
• Implications for GDP, crude oil, and stock market

Supporting Materials for Download

Coronavirus Is Worse Than You've Been Told: Scientist Explains 

                                                Transcript of Hot Topic Episode #4 v2 with Erik Townsend 

Hot Topics interviews are scheduled and produced in reaction to events that come up in markets, independent of our regular podcasts in which the guests are usually scheduled in advance. Today’s Hot Topic is Alex Gurevich's follow-up from the Grant Williams interview from September 5th.

• Alex explains why a dollar rally = gold headwind is an “urban myth”
• Why Alex likes both trades (long dollar and long gold) but doesn’t see one as a hedge for the other
• Update on Alex’ expert view on the bond market’s backup in yields

Note: This will be the last podcast that displays the Download Link and the "Click to Play Now!" player seen below. Instead, in the future, you will only see the mini-player at the top of this article. It has the Download Link and a new Share Link in its upper right corner."

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This episode of Hot Topic features Dr. Harald Malmgren & Dr. Pippa Malmgren. They discuss: 

• Why Hal and Pippa disagree on present economic risk factors
• Pippa’s experience growing up in a house where your Dad directly advises the President of the United States
• Hal’s experience as a father, watching his daughter grow up to follow in his footsteps as a Presidential advisor
• Hal’s feelings as a former senior policy advisor about his granddaughter’s generation being the first in American history predicted to live a lower standard of living than he lived himself
• Why Pippa questions the veracity of the premise that Generation Z will experience a lower standard of living than their grandparents

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MacroVoices HOT TOPICS are a new offering in conjunction with MacroVoices Premium.

Hot Topics interviews are scheduled and produced in reacting to events that come up in markets, independent of our regular podcasts in which the guests are usually scheduled in advance. Today’s Hot Topic is fund manager Kyle Bass’ recent investor letter questioning Hong Kong’s ongoing relevance in the global financial system. Louis-Vincent Gave runs Gavekal, a Hong Kong-based institutional advisor. In today’s Hot Topic interview, Louis offers an “opposing editorial” view, strongly at odds with Kyle Bass’ views on Hong Kong.

Supporting Materials for Download

Louis-Vincent Gave Chartbook

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