Macro Voices Podcasts

Erik Townsend and Patrick Ceresna welcome Robert Friedland to MacroVoices. Erik and Robert discuss:

• How investors should think about decarbonization
• Green Revolution – is there an investment in build out of a new electric grid?
• What to invest in to benefit from the electrification of the global economy
• EV and advancement in batteries – is nickel unavoidable?
• How investors should look at advancement in battery technology
• Perspectives on commercialization of Thorium reactors
• The technology needed in order to deliver safe and unlimited electric energy 

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).

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Erik Townsend and Patrick Ceresna welcome Juliette Declercq to MacroVoices. Erik and Juliette discuss:

• Is secular inflation upon us?
• What to make of the rise in long-term bond yields?
• Are higher yields threatening an equity bear market?
• Ongoing sector rotation between cyclicals/value and growth sectors
• What should the FED do next?
• Outlook on dollar and gold

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Juliette 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 Diego Parrilla to MacroVoices. Erik and Diego discuss:

• Inflation vs. Deflation narrative
• Rates market – at what point will the Fed intervene?
• Negative treasury yield and what that means for equity market
• VIX on the rise – is the market topping?
• Outlook on Gold
• DXY – are we seeing a reversal on the horizon?

Download the podcast transcript: [Click Here]

SPECIAL POST GAME GUEST- Amir Adnani{f90filter RegisteredUser SHOW}

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

• Return of a commodity bull market
• Increasing real yields vs. gold
• Green revolution – which commodity will benefit?
• Increasing demand in Copper
• Record long exposure in hedge funds – is this where the market tops?
• Why Roll Yields matter
• Green transformation and its relationship to correlations in commodities
• Crude oil – are we nearing a top?
• Outlook on agriculture, Uranium

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).

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

• Perspectives on mainstream deflationists adopting a new inflation view
• Limits to excessive deficit spending and fiscal stimulus
• Fiscal vs. Monetary dominance
• Macro asset allocation strategy in fiscal dominance environment
• Perspectives on the Fed’s yield control
• U.S. broad money supply vs. Japanese broad money supply
• Outlook on Gold and Bitcoin

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).

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

• Energy prices and inflation
• What is driving the stock market to its all-time highs despite the pandemic
• Has the oil market priced in the recovery?
• Perspectives on the recent Copper rally and how far can it go?
• Will Singapore replace Hong Kong as the financial centre of Asia?
• European market outlook

Download the podcast transcript: [Click Here]

SPECIAL POST GAME GUEST : Kevin Muir - The MacroTourist

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

• Last year’s bullish outlook - does it still stand?

• Is the current level of spending in the economy being propped up by stimulus?
• APPL, TSLA and the classic bubble
• Why would the FED allow the bond market to clear at a market rate?
• Upside risks to treasury yields
• Perspectives on impending secular inflation

• How long do we have until we have a runaway inflation problem?
• What is the right metric that would indicate when things turn bad?

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).

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

• Deflation vs. Inflation outlook
• What could contain and remedy the impending inflation?
• Investing strategies for inflation
• Coronavirus update
• Wall Street Bets –who’s behind it and what’s going on?
• Last week was GME, and now it’s Silver – will there be another squeeze?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart deck 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).

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Erik Townsend and Patrick Ceresna welcome Russell Napier to MacroVoices. Erik and Russell discuss:

• How are stocks rallying to new all-time highs amidst the ongoing pandemic?

• Stimulus into real economy – will this still support the stock market?
• How far Bond Yields could go
• Financial repression and inflation outlook
• Inflation may be good in the beginning but for how long?
• Benefits of inflation on the stock market

• Perspectives on commodities including Copper and agriculture
• Gold vs. Bitcoin
• Is there a strategy to evade financial repression?

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).

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

• Are we finally headed toward a global digital currency?

• Benefits of secure digital bearer asset currency 
• Lack of discussion regarding the adoption of the technology behind Bitcoin
• Will the governments eventually accept the use of cryptocurrency?
• CBDC – Central Bank Digital Currency
• Why some large institutions are buying Bitcoin as store of value 

• Bitcoin vs. Ethereum

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).

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

• Is this the beginning of the end for the U.S. dollar as the global reserve currency?

• Relative decline to other fiat currencies or loss of purchasing power?
• Democratic control of the Senate – how does this affect yields?
• When will deficits start to matter?
• How do you translate the current state of the dollar into investment strategies?
• Bitcoin vs. Gold

• Are we finally at a point of runaway wage & price inflation?

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).

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

• Saudi Arabia’s production cut decision and what this means
• Will U.S. shale industry recover?
• Expected decline in demand in oil
• Analysis of current comparative inventory report
• Pandemic and U.S. consumption recovery – what does this mean for gasoline?
• Perspectives on previous prediction of a big decline in U.S. production in Q1
• Can OPEC compensate for loss of U.S. production?
• Lag times between getting the rig started to actual oil production and what this means
• Price vs. Comparative inventory yield curve

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Art 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 Ronald Stoeferle and Grant Williams to MacroVoices. Erik and the panlists discuss:

• How to trade a fiat currency debasement
• Hedging or trading inflation
• Gold, silver, platinum and palladium 
• Hard assets like real estate including farmland
• Copper and iron ore and the battery metals
• Energy as an inflation hedge

Download the podcast transcript: [Click Here]

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Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle and Grant Williams to MacroVoices. Erik and the panelists discuss:

• Fiat currency debasement
• Yellen, MMT and debasement, how could it play out differently
• Commodities and different ways to hedge
• Cryptocurrencies, Bitcoin and its role as a debasement hedge

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Erik Townsend and Patrick Ceresna welcome Kyle Bass to MacroVoices. Erik and Kyle discuss:

• All-time highs despite the pandemic – are we shifting into a new paradigm?
• Impending inflation and how to trade it 
• Is gold still the best hedge against fiat debasement?
• Is the bond bull market finally done and are we headed toward negative yield?
• Negative yields in Europe – will this recover as inflation begins?
• How will Biden administration change the macro outlook?
• Implications of electrification of the economy
• Will Singapore be replacing Hong Kong as the financial center in Asia?
• Perspectives on crypto currencies

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).

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

• Update on President Trump may start his own news network
• Why Trump running a news network may be more powerful than being the President 
• Upcoming meeting of the electors – how will this impact President Trump’s actions
• What would Trump News Network look like?
• Possible pardoning for Julian Assange and Edward Snowden and its implications
• Perspectives on inflation 
• Outlook on digital currencies 

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).

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

• DXY reaching multi-year lows – is this the beginning of the dollar crash?
• Basics of US dollar crash and related Treasury market destruction
• Has quantitative easing been successful?
• Japanese Inflation & QE – Is US monetary policy following the Japanese model?
• Lower indication in inflation indices despite excessive liquidity
• Is the U.S. dollar’s global reserve currency status being threatened?
• Perspectives on MMT

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

• Has the market  priced in the vaccine news?
• How does this translate into the stock market
• Shift to secular inflation or return to deflation?
• Where is the stock market headed from here?
• Will US Treasury will go negative on 10yr or will they stay at zero?
• Treasuries vs. Gold

Download the podcast transcript: [Click Here] 

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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).

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

• Perspective on recent rally in market amidst the pandemic and U.S. Elections

• Spike in COVID cases, are things going to get worse before it gets better?
• Would expectation of more government stimulus lead to lower yields?
• Likelihood of secular inflation due to more money printing and more deficit spending
• Challenges ECB is facing with insolvent countries borrowing at low yields?
• Will foreign policies reverse under Biden administration?

• Is U.S. fracking industry facing a major threat from Biden administration energy policy?

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).

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

• All-time highs in the stock market despite the pandemic – what cycle does this reflect?
• What cycle is driving the recovery?
• How to manage cycle risks
• What does USFIG (U.S. Future Inflation Gauge)suggest comes next?
• When to expect secular inflation based on leading indicators
• What cycles tell us about the recent upside in the stock market

Download the podcast transcript: [Click Here]

MacroVoices #218 Lakshman Achuthan: What cycles teach us about what to espect post-Coronavirus

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

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