Macro Voices Podcasts

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

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File. (66.65 MB) | Download the podcast transcript:   pdf Here (185 KB) pdf (185 KB)

Click to Play Now!

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).

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here | Download the audio MP3 File (60.11 MB) | Download the podcast transcript:   pdf Here (192 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- Juliette Declercq - Financial Repression Theme

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

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (53.44 MB) | Download the podcast transcript: pdf Here (70 KB)

Click to Play Now!

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

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (57.72 MB) | Download the podcast transcript:   pdf Here (169 KB)

Click to Play Now!

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).

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (73.53 MB) | Download the podcast transcript:   pdf Here (289 KB)

Click to Play Now!

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

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here | Download the   audio MP3 File (67.38 MB)  | Download the podcast transcript:   pdf Here (188 KB)

Click to Play Now!

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

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (69.88 MB) | Download the podcast transcript:   pdf Here (204 KB)

Click to Play Now!

SPECIAL POST GAME GUEST-  BRENT JOHNSON

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

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (66.09 MB) | Download the podcast transcript:   pdf Here (190 KB)

Click to Play Now!

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 

Register your free MacroVoices account and get access to the chart book that accompanies the interview.

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (64.04 MB) | Download the podcast transcript:   pdf Here (181 KB)

Click to Play Now!

Erik Townsend and Patrick Ceresna welcome back Alex Gurevich to MacroVoices. Erik and Alex discuss:

• Bigger picture outlook in the business cycle
• Perspective on the yield curve steepener
• Outlook Treasury bonds
• Where is the dollar trend heading next?
• Quantitative tightening and easing in this cycle
• Australian and Canadian economies
• Outlook on Chinese economy
• What is on the horizon for Japan?
• What is in the future for Europe?
• Where is gold heading in the bigger picture?
• Interest rates as a predictor of equity markets

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (40.95 MB) | Download the podcast transcript:   pdf Here (309 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- MACRO TOURIST KEVIN MUIR discussing Modern Monetary Theory 

The Macro Tourist - Everything you wanted to know about MMT (but were afraid to ask)

Watch Erik Townsend joining Patrick Ceresna and Kevin Muir on the new Market Huddle Show https://markethuddle.com/

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here | Download the audio MP3 File (75.28 MB) | Download the podcast transcript:   pdf Here (210 KB)

Click to Play Now!

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

• Where are treasury bonds heading next?
• Foreign buyers of treasury bonds
• How does China effect global growth?
• Tightening of Chinese monetary policy
• Which central bank is dictating global inflation
• Fed policy and the trend of monetary policy
• Outlook for developed stock markets
• Consequences of loose monetary policy
• Is the decade long bull market over?
• Is the Fed out of bullets?
• Outlook for the U.S. Dollar

Russell Napiers: A Practical History of Financial Markets Course Details

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (51.27 MB) | Download the podcast transcript:   pdf Here (208 KB)

Click to Play Now!

Erik Townsend and Patrick Ceresna welcome Charlie McElligott back to MacroVoices. Erik and Charlie discuss:

• China Trade Collapse
• Update on China Credit Impulse
• PBoC Liquidity Operations
• Bear market rally or continuation of bull market?
• Fading the Fed’s economic optimism
• Sequencing that could cause a force in on the equity markets
• CTA Model Positioning across asset classes
• Positioning in risk parity funds
• Purge in equity fund flows in Q4 2018
• Fear the steepener

Register your free MacroVoices account and get access to the chart book that accompanies the interview.

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here | Download the   audio MP3 File (70.43 MB)  | Download the podcast transcript:   pdf Here (222 KB)

Click to Play Now!

Erik Townsend and Patrick Ceresna welcome Marin Katusa to MacroVoices. Erik and Marin discuss:

• Update on uranium and uranium producers
• Outlook on oil prices
• Opportunities in the steel industry
• Investing in the diamond industry
• What is happening in the resource industry?
• How to be a successful resource investor

Katusa Research Promo for MacroVoice Listeners

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (53.06 MB) | Download the podcast transcript:   pdf Here (247 KB)

Click to Play Now!

Join Erik Townsend and Patrick Ceresna as they spend an episode reviewing the best market calls of 2018:

• Calling the top of Bitcoin
• Francesco Filia and Kevin Muir on the VIX ETNs
• Chris Cole on VIX and system risks
• Darius Dale on Chinese economy
• Buy the dip calls in Q2
• Russell Napier on the Emerging Markets
• David Rosenberg on markets and corporate bonds
• Jesse Felder on the FAANG
• Charlie McElligott on liquidity
• Keith McCullough on bond yields peaked

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here | Download the audio MP3 File (62.06 MB) | No Transcript this week

Click to Play Now!

SPECIAL POST GAME GUEST- BRENT JOHNSON 

• Where is the U.S. Dollar going post FOMC
• What is the outlook for gold
• Where are the stock markets going next

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here | Download the audio MP3 File (51.02 MB) | Download the podcast transcript:   pdf Here (122 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- LOUIS-VINCENT GAVE - AN IMPORTANT CROSSROAD

• Why a Liquidity Squeeze?
• Havoc in the US corporate bond market
• The end of Chin-America

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (61.92 MB) | Download the podcast transcript:   pdf Here (152 KB)

Click to Play Now!

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

• Impact of trade war on the global economy
• PBOC and Chinese monetary policy
• Global growth outlook
• U.S. Dollar and U.S. monetary policy outlook
• Is the Powell dovish pivot a game changer?
• What is in the cards for 2019?
• Perspective on U.S. housing and its impact
• Political turmoil in France and outlook on Europe

 Register your free MacroVoices account and get access to the chart book that accompanies the interview.

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here | Download the audio MP3 File (65.64 MB) | Download the podcast transcript:   pdf Here (155 KB)

Click to Play Now!

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

• What is driving the bond market right now?
• Is it all about demographics?
• The global excesses in the equity markets
• Are the U.S. housing markets overpriced?
• Where is the next trade in treasuries?
• Putting on the steepener
• Is the stock market due for a big bubble bounce?
• Inflation considerations in 2019
• What is the next move for the Fed?

Register your free MacroVoices account and get access to the chart book that accompanies the interview.

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the audio MP3 File (68.27 MB) | Download the podcast transcript:   pdf Here (171 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- Art Berman

Art joins Erik and Patrick to discuss the current bear market in oil and asking where is the right price for oil. Chart book available to registered listenered. 

Click here to register for access to supporting materials.

Get embed code for this episode | For other embed code options click here | Download the  audio MP3 File (70.73 MB) | Download the podcast transcript:   pdf Here (254 KB)

Click to Play Now!