Macro Voices Podcasts

Erik Townsend and Patrick Ceresna welcome Keith McCullough to MacroVoices. Erik and Keith discuss:

• How the investment landscape has evolved?
• Marginal rates of change in growth and inflation
• Why are deflationary pressures on the horizon? 
• Global economic landscape
• Staying ahead of the curve with the study of rates of change
• U.S. real GDP and CPI forecasts
• Key macro themes into the year-end
• Closer look at the underlying drivers going into 2019
• Are companies likely to experience a margin squeeze
• Trouble for China in 2019

TD/TMX Options Education Day - Free to attend - November 21, 2018

BONUS: Beyond Blockchain, The Death of the Dollar and the Rise of Digital Currency - Chapter 1 Preview

by Erik Townsend

The cryptocurrency trend of the past few years has continued to grow despite widespread predictions that it would just be a flash in the pan. Blockchain is suddenly everyone's favorite buzzword. But what if there's more to this story than meets the eye? What if Digital Currency is about to change the world in ways beyond our imagination? And what if geopolitical forces our politicians don't even understand have already inspired China and Russia to use Digital Currency to attack the U.S. Dollar's dominance over the global financial system?

Erik covers these subjects and more in his recently published book.Listen to a preview of Chapter 1 here.

For more information and to order the paperback, Kindle, or audiobook Click Here

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 (67.40 MB) | Download the podcast transcript:   pdf Here (173 KB)

Click to Play Now!

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

• Opportunities on drone technology
• The leaders in unmanned aerial vehicles
• Data privacy in the firmware
• Drones and risks in being used for terrorism
• Leadership and the new paradigms
• Speed of technological change and government
• Situational awareness

MacroVoices LIVE - VANCOUVER 2019 - Early Bird Special Available Now

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 (68.16 MB) | Download the podcast transcript:   pdf Here (186 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- Marin Katusa - Katusa Research 

• Is the gold breakout for real?
• Update on Mohammed bin Salman and Saudi Arabia

Information about the Silver & Gold Summit in San Francisco October 28-29, 2018 - 30%off promo code: MACRO

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 (66.77 MB) | Download the podcast transcript:   pdf Here (153 KB)

Click to Play Now!

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

• Drivers of the recessions over the last 30 years
• Perspectives on Lehman Brothers failure
• M4 Money Supply as the broadest measure
• Dangers in quantitative tightening
• Commercial banks drive money supply
• Stabilizing the U.S. Dollar Euro rate
• Understanding past hyperinflation
• Perspective on Venezuela's hyperinflation 

Information about the Silver & Gold Summit in San Francisco October 28-29, 2018 - 30%off promo code: MACRO

Chart Book for this week's episode

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 (63.16 MB) | Download the podcast transcript:   pdf Here (289 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- CHARLIE MCELLIGOTT - UPDATE ON THE EQUITY MARKETS

Discussing the market selloff and the drivers for the next move in the S&P500 .  

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 (75.31 MB) | Download the podcast transcript:   pdf Here (199 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- Julian Brigden: Update on the Breakout on Yields

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 (60.79 MB) | Download the podcast transcript:   pdf Here (254 KB)

Click to Play Now!

Erik Townsend and Patrick Ceresna welcome Keith Dicker to MacroVoices. Erik and Keith discuss:

• Understanding the government bond bubble
• Can equities rally during a bond route?
• Rethinking bonds and portfolio allocations
• Artificially suppressed interest rates
• Has the bear market in bonds started?
• Growth in the sovereign debt markets
• Impact of higher rates on governments
• Outlook on equities and the gold

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

Information about the Silver & Gold Summit in San Francisco October 28-29, 2018 - 30%off promo code: MACRO

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 (62.74 MB) | Download the podcast transcript:   pdf Here (188 KB)

Click to Play Now!

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

• Comparative inventory on oil
• Inventory correlation to price
• Price cycles and the oil-price yield curve
• Impact of U.S. exporting oil
• Trends in tight oil rig counts
• Managed money unwinding net long positions
• Distillate and gasoline inventories
• Why is backwardation collapsing on WTI
• Sensitivities to supply concerns
• Discrepancies between IEA and OPEC forecasts
• Where are oil prices going in 2019?

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 (66.85 MB) | Download the podcast transcript:   pdf Here (171 KB)

Click to Play Now!

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

• Curve steepener as a recession signal
• Dollar, real rates and inflation expectations impact on S&P500
• Gauging tighter financial conditions
• Chinese credit/financing impulse
• Late cycle behavior from autos and homebuilders
• Fearing the inversion or the steepener on the yield curve?
• Nabe wage surveys, unemployment and recessions
• Hedge fund underperformance and the performance chase

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 (64.22 MB) | Download the podcast transcript:   pdf Here (190 KB)

Click to Play Now!

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

• Why uranium and why now?
• Political and geopolitical considerations
• Understanding the royalty and streaming business
• Uranium royalties
• Private placements in a streaming model
• Understanding warrants on resource companies
• Focusing on companies that are acquisition targets

Information about Marin Katusa's Premium Research 

MacroVoices LIVE Toronto 2018 - Trailer for Video Access

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 (78.96 MB) | Download the podcast transcript:   pdf Here (234 KB)

Click to Play Now!

Erik Townsend and Patrick Ceresna welcome Danielle DiMartino Booth to MacroVoices. Erik and Danielle discuss:

• Jay Powell as the new Fed Chair
• Jackson Hole – Draghi and Kuroda absence
• Jackson Hole – How did Powell do?
• Impacts from the trade war
• Should markets be concerned about QT
• Impact of the rising dollar on Fed policy
• Where is the economy headed?
• Inflation expectations moving forward
• Economic outlook in Europe and China
• What is the trade into the year end?

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 (32.59 MB) | Download the podcast transcript:   pdf Here (158 KB)

Click to Play Now!

Erik Townsend welcomes back Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss:

• Considerations on Federal Reserve Intervention
• Switzerland as a major supplier of dollars
• Structural changes to the Eurodollar System
• Riskless return shifts to returnless risk
• Banks simply do not want to do it anymore
• Impact to sustained economic growth
• Impact on global economies including EM and China

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Jeff 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, click “Research Library” and Guest Publications near the top of the page. From there you can download the PDF.

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 (58.75 MB) . | Download the podcast transcript:  pdf Here (302 KB)

Click to Play Now!

Erik Townsend welcomes back Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss:

• Collateral problems with gold in 2008
• Liquidity risk, not credit
• Basic Interbank Function – Basel ‘Conjuring’
• Larger issue of balance sheet capacity
• Management of the asset side – dark leverage
• Impaired assets and OTTI
• Negative swap spreads assaulting conventional financial sense
• Pro-cyclical positive monetary feedback loop
• Balance sheet capacity – the modern bank run

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Jeff 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, click “Research Library” and Guest Publications near the top of the page. From there you can download the PDF.

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 (55.73 MB) . | Download the podcast transcript:  pdf Here (327 KB)

Click to Play Now!

Erik Townsend welcomes back Jeffrey Snider to MacroVoices. Erik and Jeffrey discuss:

• The Lost Dollar Decade
• LIBOR and EFF spreads over Fed funds target
• Global dollar markets in perspective
• Into the shadows of the crisis
• Financial crisis and the gross outstanding CDS
• CDS liquidity crisis

We strongly recommend that you download the chart book that accompanies this interview, and Erik and Jeff 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, click “Research Library” and Guest Publications near the top of the page. From there you can download the PDF.

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 (61.37 MB) . | Download the podcast transcript:  pdf Here (317 KB)

Click to Play Now!

Erik Townsend and Patrick Ceresna welcome Jesse Felder to MacroVoices. Erik and Jesse discuss:

• Drivers behind the everything bubble
• Will Quantitative Tightening be a trigger?
• Is this a topping process in the markets?
• Impacts of a high degree of market leverage
• The Buffet yard stick
• What is in store for the FAANG stocks?
• How to position yourself defensively in this market?
• Positioning on agricultural and gold mining stocks
• Inflation and the risks of an inflation pickup

Throughout the interview Erik and Jesse refer to the chart book.  This chart book is available free for registered users.  Register now for free and find the links below. 

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 (62.79 MB) | Download the podcast transcript:   pdf Here (250 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- Brent Johnson: CEO of Santiago Capital

Erik Townsend and Patrick Ceresna welcom Brent Johnson to the show to discuss everything gold.  They discuss the dollar, short-term and long-term outlook for gold.  

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 (57.94 MB) | Download the podcast transcript:   pdf Here (300 KB)

Click to Play Now!

SPECIAL POST GAME GUEST- Angie Setzer @GoddessofGrain

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

• Trump, art of the deal, trade wars
• North Korea, a renegade or Chinese puppet
• Russia, Syria, US and chemical warfare
• Russia and a new global reserve currency
• Facebook’s impact on geo-politics and financial markets
• Where is social media data mining leading us?
• The Leadership Lab: Understanding Leadership in the 21st century

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 (84.70 MB) | Download the podcast transcript: pdf Here (283 KB)

Click to Play Now!

Erik Townsend and Patrick Ceresna welcome Chris Cook to MacroVoices. Erik and Chris discuss:

• How regulators look at markets
• The blow out of time spreads in WTI
• Oil deals outside of the market
• Syncrude going offline and its impact
• What is the “big long” and what it predicts
• Who is buying futures contracts 2.5 years out and why?
• Dark inventory, what is it and how does it fit into the big picture?
• Energy dominance and the white house
• China and the Petro-Yuan contract
• Gaming US exports and inventory
• Time spreads and war

SPECIAL POST GAME GUEST-  Josh Steiner:  Update on Australian and U.S. Housing 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 (76.03 MB) | Download the podcast transcript: pdf Here (275 KB)

Click to Play Now!

Erik Townsend welcomes Eric Peters to MacroVoices. Erik and Eric discuss:

• Replacing the USD as the world reserve currency
• The impact of protectionist policies on financial markets
• FED reductions and their impact around the world
• How accurate is the current unemployment rate and what does it mean?
• Entitlements and they will become a serious problem
• The changes we can expect in central bank attitudes moving forward
• Demographics, baby boomers, and millennials and their impact over the coming years on financial markets
• Inflation vs deflation which is right and how to be sure

SPECIAL GUEST: Kevin Muir - This week's co-host and post-game guest.  Make sure to download the post-game chart book as Erik and Kevin will be refering to it through the podcast.  

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 (69.52 MB) . | Download the podcast transcript:   pdf Here (265 KB)

Click to Play Now!