Welcome to Macro Voices - Results from #410

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hedge fund manager Erik Townsend

Erik Townsend is a retired software entrepreneur turned hedge fund manager. Throughout his career, Erik has capitalized on his ability to understand complex systems and anticipate paradigm shifts far in advance of the mainstream. Read More...

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RealVision TV red 01A conversation on May 23, 2016 between Grant Williams and Simon Mikhailovich, Co-Founder of Toqueville Bullion Reserve.

 

 

 

 

 

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John LlewellynErik Townsend welcomes John Llewellyn to MacroVoices. Erik and John discuss:

  • How the Brexit vote is simply a prelude to a highly uncertain process
  • Polling accuracy and the distinct possibility of Britain exiting the EU
  • The near-term economic impacts of Brexit on the British economy including lower foreign-direct investment and trade re-negotiations
  • The broader global economic impact of a “leave” vote
  • Brexit’s impact on the U.S. Dollar and the possibility of re-igniting a Asian debt crisis
  • Potential monetary policy accommodation from the ECB
  • The implications of Brexit on global oil prices
  • Rise of European populism as a leading indicator of the U.S. political theatre

 

 

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Dr. Ben Hunt

Erik Townsend welcomes Dr. Ben Hunt to MacroVoices. Erik and Dr. Hunt discuss:

  • The U.S. Dollar as a reflection of the strategic interactions between central banks
  • China’s similarities to pre-WW1 Germany as an up-and-coming power
  • Brexit’s potential impact on the global economy
  • “Humpty Dumpty” events for the global economy including China devaluation and Euro-system fracturing
  • Price-signal inversion and market dislocation from fundamentals
  • The Fed’s slow realization of global interdependence
  • Negative interest rate money-market funds in the United States
  • How Swiss safe deposit boxes are at capacity and the war on cash
  • Gold’s role as insurance against central bankers
  • Kyle Bass’ China trade and whether you can trade Japan’s demographics
  • The potential consequences of the U.S. Presidential elections and global trade
  • Dr. Hunt’s background as a hedge fund manager and scholar
  • The inception of his popular Epsilon Theory Blog and applying game-theory to policy-driven markets

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RealVision TV red 01Hugh Hendry is interviewed by Raoul Pal for Real Vision Television on March 11th, 2016

 

 

 

 

 

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Arthur Berman largeErik Townsend welcomes Art Berman to MacroVoices. Erik and Art discuss:

  • Their calls made on Episode 3 of MacroVoices in February
  • Which fundamental factors have changed since then
  • The damage done to the supply of capital available to shale drillers in spite of oil rising to $50
  • Current US production levels and where they may be headed from here
  • Prices moving up in the face of dangerously high inventory levels at Cushing, OK
  • Using Comparitive Inventories to predict price movements
  • The 'funny' accounting practiced by shale drilling companies and many analysts
  • EIA price forecasts and whether or not they are accurate
  • Geopolitically driven supply disruptions and whether or not they will last
  • Middle Eastern oil production increases and alongside a shifting political picture
  • The possibility of a future where the world can't afford petroleum, and much more...

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julian brigden headshotErik Townsend welcomes Julian Brigden to MacroVoices. Erik and Julian discuss:

  • The difference between the DXY and the trade weighted broad Dollar index
  • The effect of emerging market fluctuations on the broad Dollar
  • Dollar pause or Dollar reversal?
  • The return of cyclical inflation in the US
  • Chinese capital outflows and the effect on real estate markets
  • How the Dollar story will affect precious metals
  • Emerging market equites
  • A lack of real cooperation between central banks
  • Global sovereign debt markets and what they are signaling about inflation
  • How a perfect storm of Dollar strength and a return of inflation will take away the central bank "put"
  • ...and bunches upon bunches more...

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RealVision TV red 01A conversation on March 25th, 2016 between Grant Williams and Rick Rule

 

 

 

 

 

 

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J ChristianErik Townsend welcomes Jeffrey Christian to MacroVoices. Erik and Jeffrey discuss:

  • The advantages held by the US over other economies
  • The reasons for the recent USD strength and where it is headed next
  • The market reaction to the most recent round of hawkishness from the Fed
  • The Gold market internals which have supported its price in 2016, and the possibility of a pullback
  • The relevance of the Commitments of Traders report in the Gold market
  • What institutional positioning in precious metals tells us about liquidity flows
  • Platinum, Palladium, their extraction methods and uses, their relationship to each other and other PMs
  • Where we are currently in the broader commodities cycle
  • The problems facing China, Japan, and Europe
  • Economic, social, and political issues in Russia
  • Possibilities for Gold and non-USD currencies playing a bigger role in central bank reserves, and more...

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PROFESSOR STEVE KEEN headshotErik Townsend welcomes Steve Keen to MacroVoices. Erik and Professor Keen discuss:

  • A comparison of the prevailing schools of economic thought
  • The role of credit in the economy
  • The importance of existing inventory when considering supply and demand calculations
  • What's wrong with neoclassical economics and how central bank policy needs to adapt
  • How Professor Keen was able to foresee the 2008 financial crisis
  • The mistake of mainstream economics in ignoring the importance of private sector debt
  • Low credit growth leading to a stangant economy
  • "Zombie Economies" and which countries are most likely to suffer another crisis
  • How to know if you're living in a Zombie Economy
  • The need to reduce private debt, and the ways to incentivize such a reduction
  • Plus Samir Madani joins us to discuss #OOTT and much more

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RealVision TV red 01A conversation on February 19th, 2016 between Raoul Pal and Grant Williams, co-founders of Real Vision Television.

 

 

 

 

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MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Patrick Ceresna shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.

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