Macro Voices-logo

Macro Voices

Markets and Investing

Weekly market commentary by Hedge Fund Manager Erik Townsend and interviews with the brightest minds in the world of finance and macroeconomics. Made possible by funding from Fourth Turning Capital Management, LLC

Location:

United States

Description:

Weekly market commentary by Hedge Fund Manager Erik Townsend and interviews with the brightest minds in the world of finance and macroeconomics. Made possible by funding from Fourth Turning Capital Management, LLC

Twitter:

@macrovoices

Language:

English


Episodes
P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #510 Jim Bianco: From FED Cuts, to inflation, to Gen Z鈥檚 Infatuation with Socialism

12/11/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Jim Bianco. They discuss, what just happened and what it means for markets. https://bit.ly/4rRuipR Register for Big Picture Trading's asymmetric challenge here: https://www.bigpicturetrading.com/challenge 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/4pYRalp 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:07:56

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #509 Marko Papic: Geo-macro Outlook for 2026

12/4/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Marko Papic. We鈥檒l discuss the deteriorating situation in Venezuela, the impacts of a potential Russia-Ukraine peace deal on markets, the spat between Japan and China, and the U.S. mid-term election cycle, considering the market impacts of all these developments. https://bit.ly/442T5gw Register for Big Picture Trading's asymmetric challenge here: https://www.bigpicturetrading.com/challenge 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/4aqSkBK 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:12:05

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #508 Laskhman Achuthan: Inflation Cycles Amid Regime Change

11/26/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Lakshman Achuthan. They鈥檒l discuss all things cycles, from the current outlook on growth and inflation cycles to how cycles in general perform in times like these when big political and geopolitical headlines are driving markets. https://bit.ly/4iGSes1 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/483OoFv 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:04:36

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #507 Michael Howell: Is This The end of the Everything Bubble

11/20/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Howell. They鈥檒l discuss the global liquidity cycle, why it has a 65-month periodicity, and where we stand in that cycle right now. https://bit.ly/3X7ZN0J 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/4pkiqdI 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:12:18

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #506 Mike Green: Volatility, High-Yield, Precious Metals & More

11/13/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Mike Green. They鈥檒l discuss everything from the reopening rally to precious metals to energy markets. https://bit.ly/49SQx89 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/4o064GN 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:00:57:44

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #505 Michael Every: Does Anyone Remember PMIs?

11/6/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Every. They鈥檒l discuss the geopolitical situation and talk about what it means for markets. https://bit.ly/49AFRuQ 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/4973pY2 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:07:03

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #504 Brent Johnson: The Genius of Stablecoin鈥檚

10/30/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Brent Johnson. They discuss why Brent says Stablecoin is going to be a game changer, even for those who aren鈥檛 interested in crypto assets. https://bit.ly/4oMi7IB 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/3X396yV 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:04:56

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #503 Adam Rozencwajg: Gold, Oil & Uranium

10/23/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Adam Rozencwajg. They discuss all things commodities from gold to oil to uranium. https://bit.ly/4oFcfAZ 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/3L28R4t 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:22:24

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #502 Tian Yang: A Whiff of Reflation?

10/16/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Tian Yang. They鈥檒l discuss the leading indicators Variant Perception uses to guide their macro strategy, what they say about growth and inflation, and how that translates to trading opportunities. https://bit.ly/3KUt5Np 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/478q6Zg 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:00:52:52

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #501 Matt Barrie: AI Bubble 2.0

10/9/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Matt Barrie. They discuss all things AI in this week鈥檚 feature interview. Is it a bubble about to burst, or a new secular trend that will soon be bigger than the Internet itself? https://bit.ly/4h3y1f3 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: http://bit.ly/435x6ot 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:09:02

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #500 Lyn Alden: What Will Stop This Train?

10/2/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Lyn Alden. Lyn picks up where Luke Gromen left off last week, sharing her views on what it would take to actually stop this train. http://bit.ly/48djn2y 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/4pSOuGU 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:15:44

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #499 Has The Luke Gromen Moment Arrived?

9/25/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Luke Gromen. They鈥檒l discuss what that will mean for markets, from gold to bitcoin to stocks. And of course no Luke Gromen interview would be complete without an update on Luke鈥檚 outlook for the U.S. Dollar. https://bit.ly/4nn8U9t 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/46B94Tk 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:32:18

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #498 Louis-Vincent Gave: Which Megatrend Will Reshape The World?

9/18/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Louis-Vincent Gave. They discuss deflation, precious metals, equities, China, energy markets, and much more. https://bit.ly/3VqJY4t 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/3KsOX25 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:04:57

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #497 Dr. Anas Alhajji: The Impact of Trump Polices on Russia, China, India & OPEX+

9/11/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Dr. Anas Alhajji. They discuss all things energy, from this past Sunday鈥檚 Group of 8 meeting to secondary sanctions strategy on India to the reincarnated Power of Siberia 2 pipeline project. https://bit.ly/4gkBeGI Trade Dr. Anas Alhajji's Oil View Live! (Members-Only Guest Pass) Register For A Free Trial To Claim Your Pass! Here: https://dub.link/qt10D1y 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/3VcCwd6 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:01:28

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #496 Jim Bianco: The Post Covid Economy

9/4/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Jim Bianco. They discuss, whether a fed rate cut is even a good idea, inflation risks, the unobvious relationship between the jobs report and the southern border, why cutting short term rates could actually shock long-term yields higher, and much much more. https://bit.ly/3Vwtnfp Trade Bianco鈥檚 Bond View Live! (Members-Only Guest Pass) Register Here: https://dub.link/qt10D1y 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/3HGazr6 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:08:04

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #495 Louis-Vincent Gave: Understanding China's Structural Growth Drivers

8/28/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Louis-Vincent Gave. They'll discuss his long-term perspective on China鈥檚 role in the global economy, highlighting both its extraordinary infrastructure ambitions and the challenges of securing foreign capital amid shifting geopolitical realities. https://bit.ly/4mBZRAV 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

Duraci贸n:01:02:00

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #494 Micheal Every: Markets, Policy, Russia & More

8/21/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Every. They'll discuss Markets, policy, Russia-US summit and much more. https://bit.ly/3JpAnYU 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/3UBs7aD 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 馃敶 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Duraci贸n:01:04:49

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #493 Ole Hansen: Commodities Are Heating Up!

8/14/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Ole Hansen. They鈥檒l discuss all things commodities from tariffs to energy to precious metals and much more. https://bit.ly/3Uu4vog 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/47rWXKf 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 馃敶 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Duraci贸n:01:02:34

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #492 Daniel Lacalle: The End of American Exceptionalism?

8/7/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Daniel Lacalle. They鈥檒l discuss tariffs, recession risks, the European perspective on U.S. geopolitics and markets, the future of the EU鈥檚 relationship with the United States, precious metals, energy, and much more. https://bit.ly/4llKZ8z 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/4m78Dqx 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 馃敶 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1

Duraci贸n:01:07:48

P铆dele al anfitri贸n que permita compartir el control de reproducci贸n

MacroVoices #491 Rick Rule: Oil, Uranium & Precious Metals

7/31/2025
MacroVoices Erik Townsend & Patrick Ceresna welcome, Rick Rule. They鈥檒l discuss oil, uranium, gold and silver, and much more. https://bit.ly/40McC34 馃敾Download Big Picture Trading Chartbook 馃搱馃搲: https://bit.ly/4lUZ7qj 鉁匰ign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 馃敶 Subscribe to Patrick鈥檚 Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 馃敶 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 馃敶 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1

Duraci贸n:01:12:32