Macro Voices Podcasts

Erik Townsend welcomes Grant Williams to MacroVoices. Erik and Grant discuss:

• The likelihood of a US recession
• The unsustainability of global credit growth
• The continuing erosion of faith in central bankers
• The response to negative interest rates in Japan
• The excesses promised by politicians to citizens of Western Democracies
• "The Consequences of Economic Peace" 
• Big Cyles, Kondratieff Waves, The Laws of Nature
• The similarity between current times and the lead up to WWI
• Thinking about outcomes we'd rather not and assigning probabilities accordingly
• The Real Vision TV backstory and their goals in bringing some truth back to financial journalism
• and more...

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pdf Click here to download Grant’s “Duck Test” presentation in PDF form (1.26 MB)

Click here for a link to Grant’s video presentation; 'The Consequences of Economic Peace'

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Nathan Egger interviews Erik Townsend about trading strategies for the coming bottom in oil prices. Erik and Nathan discuss:

• A summary of the oil market fundamentals, as Erik sees it
• Potential counter-arguments to Erik's view
• How the "smart money" should be playing this coming bottom including; tanker trade, shipping container trade, etc
• How a commodities trader should be approaching a turn in the oil market including; contract selection, term structure, options
• Trading a reversal in crude oil from a fixed income manager's perspective - long/short strategies, potential contagions
• Other potential risks to credit markets
• An equity manager's view of an upcoming bottom - who will be the winners/losers, ETFs
• Strategies a retail investor can employ to gain exposure to the coming rebound in oil - contango-related risks to ETFs like USO
• The need for patience, regardless of which type of investor you may be
• Listener questions posed either in the forums, or by emailing questions to This email address is being protected from spambots. You need JavaScript enabled to view it.
• and plenty more...

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Erik Townsend welcomes geologist and energy industry consultant Art Berman to MacroVoices. Erik and Art discuss:

• The crude oil backstory and the current oversupply
• The likelihood of a future production cut from OPEC
• Middle Eastern politics and how they will affect future oil prices
• EIA/IEA and other government agency statistics - Are they reliable?
• Oil storage considerations and the importance of Cushing, OK - How close are we to capacity?
• The Baker Hughes Rig Count - Does it matter?
• Iran and their ongoing production increases
• The US shale patch operators and their associated junk bonds - What is the chance of widespread default?
• Production decline rates for US shale producers
• Libya’s potential to affect this market - ISIS standing in the way?
• Identifying a bottom in the oil market and a whole lot more…

pdf Click here for supplementary material from Art Berman (1.64 MB)

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Erik Townsend welcomes Dr. Marc Faber to MacroVoices. Erik and Marc discuss:

• The Fed, Treasury, and U.S. Government are one and the same - Neo-Keynesian Interventionists
• Negative interest rates, and the possibility of seeing them in The U.S.
• "The War on Cash" and other trends driving insecurity and leading to increased rates of saving
• "Helicopter Money" and other Fed options for direct stimulus to spenders
• The political forces driving huge foreign investment in Indochina
• The contrast between the great Asian success stories, and the failures of other emerging markets
• India, its potential, particularly for stock pickers, and the problems it faces
• "China Beach," Vietnamese real estate, and the difficulties of investing in many Asian nations
• The inevitable deflating of the "Chinese credit bubble"
• Kyle Bass' outsized bet against the Yuan
• Precious metals, gold mining stocks, and much, much more

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Erik Townsend welcomes legendary investor Jim Rogers as MacroVoices’ first feature interview. Erik and Jim discuss:

• China both long and short-term
• Falling currencies around the world
• The coming market turmoil and its tactical bullish implications for the U.S. dollar, even in the face of longer-term bearish forces that will also affect the dollar
• U.S. monetary policy and the failure of Quantitative Easing
• Weakness in the banking sector despite massive injections of liquidity
• The 35-year bond bull market and its eventual end
• Current trouble in high-yield credit (junk bonds)
• Whether the recent breakout in gold prices is sustainable or a parabolic surge that could lead to a blow-off to
• U.S. debt levels, and their consequences and market implications
• Implications of the upcoming U.S. Presidential election on markets
• Sovereign debt crises
• De-dollarization and much more.

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