Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Jim Bianco to MacroVoices. Erik and Jim discuss: Has Jim really changed his views and turned bullish? Coronavirus crisis update V-bottom recovery in the stock market does not equal v-bottom recovery in the economy FED’s balance sheet expansion – where is it headed, what’s...
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Why Xi Jinping needs to save rather than destroy Hong Kong
Macro Voices Podcast All-Star Louis-Vincent Gave and Erik discuss: The Hong Kong Debacle: Why Xi Jinping needs to save Hong Kong rather than sacrifice it U.S. Dollar weakness: What’s driving it and where is it headed? Civil unrest in the USA and elsewhere: What are the causes and what comes next? Louis...
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Rebalancing the global oil market will take ~1 year
Macro Voices Podcast All-Star Dr. Anas Alhajji and Erik discuss: Rebalancing the market: Between U.S. Shale, 180mm bbl of Floating Storage, and a recession, how long will it take to get back to normal? Long-term outlook for global energy markets: Why higher prices are inevitable The risk of alternatives under-delivering resulting in a...
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MacroVoices #228 Lyn Alden: The Road to Inflation
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Lyn Alden to MacroVoices. Erik and Lyn discuss: U.S. Deficit was already growing pre-COVID19 crisis Current employment dislocation compared to 2009 Is the Fed’s monetary policy what’s driving the V-shaped recovery in stock prices? Fed’s policy to inject more liquidity into the real...
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MacroVoices #226 Charlie McElligott Explains the Upside Catalyst for Equity Market
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. Erik and Charlie discuss: Perspective on market strength, despite the resurgence of COVID19 cases How to current market situation translates to the CTA positioning Equity market outlook How does volatility complex play into the current equity market? Bond market outlook –...
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MacroVoices #225 Harley Bassman: The long slow road to inflation
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Harley Bassman to MacroVoices. Erik and Harley discuss: Impact of COVID19 on recession – was it the cause or catalyst? Perspective on declining population and workforce Possibility of risk parity unwind Portfolio positioning in current market Policy risk on spread trading Are we...
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MacroVoices #224 Art Berman: Expect oil prices to move down, then up, then WAY up
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Art Berman to MacroVoices. Erik and Art discuss: OPEC+ Production cut and the spring rally Flaws in the assumption that shut-in oil wells Decline rates – how does it work? Forecast on oil production – will it go up and what’s next? ...
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MacroVoices #223 Diego Parrilla: False Diversification and Risk Parity Unwind
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Diego Parrilla to MacroVoices. Erik and Diego discuss: How to interpret the strong market action despite the pandemic and civil unrest What’s next for US Dollar? Recent downside move in Gold – is this the time to buy? Perspectives on the rapid recovery...
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MacroVoices #222 Vikram Mansharamani: Post-COVID19 Economic Outlook
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Vikram Mansharamani to MacroVoices. Erik and Vikram discuss: What kind of recovery should we expect post-COVID19? Increasing civil unrest – what could that mean for investors? Will this “work from home” trend continue even after the crisis is over? What are the least obvious...
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MacroVoices #221 Ronald Stöferle: In Gold We Trust
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Ronald Stöferle to MacroVoices. Erik and Ronald discuss: Is now the time to focus on secular shift in precious metals? Secular shift to inflation or stagflation – what would that mean for precious metals? How does this pandemic compare to the recession of 2008...
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MacroVoices #220 Daniel Lacalle: Fiat Currency Debasement, Central Banks and Gold
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices. Erik and Daniel discuss: What kind of recovery should we expect post-COVID19? Is this the top of the bear market rally or will we test new all-time highs again? Has the central banks largesse gone as far as it can...
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MacroVoices #219 Dr. Ben Hunt: Charting the post COVID-19 economic recovery
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Dr. Ben Hunt to MacroVoices. Erik and Dr. Hunt discuss: Three narratives of Coronavirus crisis Is the recent monetary & fiscal response to COVID-19 leading us from deflation to inflation? Will the Federal Reserve Act have to change? Frontline Heroes- how did it...
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Charting a path toward post-COVID macro reality
Macro Voices Podcast All-Star Louis-Vincent Gave and Erik discuss: Louis’ post-crisis macro outlook U.S.-China relations after the crisis and what it means for markets Erik & Louis comment on the crash of May Crude oil futures to -$40 in real time as it happens in the market Louis co-founded Gavekal as an...
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MacroVoices #218 Lakshman Achuthan: What cycles teach us about what to expect post coronavirus
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Lakshman Achuthan to MacroVoices. Erik and Lakshman discuss: What cycle should we focus on amidst the crisis 3D’s of recession: Depth, Diffusion, Duration Exogenous shock factors: how is this recession different than others? Based on historic cycles, what should we expect next? What...
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MacroVoices #217 Dr. Lacy Hunt: The Road Through Deflation Toward Eventual Hyperinflation
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Dr. Lacy Hunt to MacroVoices. Erik and Dr. Hunt discuss: Core thesis on interest rates and inflation Constraints on zero bound interest rates in the US How do you invest in this zero bound interest rate environment? How to interpret FED policy on inflation...
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MacroVoices #216 David Rosenberg: Stagflation is coming but not yet
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome David Rosenberg to MacroVoices. Erik and David discuss: General market outlook Will the Fed put a floor on the stock market? Is the government’s response to COVID-19 crisis leading to secular inflation? Investment strategy to navigate ongoing market volatility Bond yields –...
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MacroVoices #215 Chris Cole: Dragon portfolio revisited in the eye of the storm
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Chris Cole to MacroVoices. Erik and Chris discuss: Recap: What is Dragon portfolio? How has dragon portfolio performed amidst the COVID-19 crisis Consequences of government monetary intervention Long-vol strategy: what worked and what didn’t? What implications could secular inflation bring to dragon portfolio? ...
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Oil Market Special with Art Berman and Nate Hagens
Macro Voices Podcast Art Berman Arthur E. Berman is a geological consultant with thirty-seven years of experience in petroleum exploration and production. He currently is consulting for several E&P companies and capital groups in the energy sector. He frequently gives keynote addresses for investment conferences, boards of directors and professional societies. He is often interviewed...
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Socio-economic implications of the Coronavirus Crisis
Macro Voices Podcast All-Star Dr. Pippa Malmgren and Erik discuss: Bail-out nation: Will the long list of bailout packages tip the economy into secular inflation? Unexpected knock-on effects: What aspects of society will change from the crisis and why? Bio-hazards and Bio-Weapons: Why do governments need bio-weapons laboratories and what if an accident...
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MacroVoices #214 Eric Peters: Knock-on effects of the Coronavirus Crisis
Macro Voices Podcast Erik Townsend and Patrick Ceresna welcome Eric Peters to MacroVoices. Erik and Eric discuss: Was the market dislocation inevitable or was it caused by the Coronavirus? Will there be even worse economic downturn due to governments bail-out policies? Risk-hedge long-vol portfolio management strategies The concept of trend following: how...