Macro Voices

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

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

MacroVoices Erik Townsend & Patrick Ceresna welcome, Marko Papic. We’ll 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    🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4aqSkBK   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

12-04
01:12:05

MacroVoices #508 Laskhman Achuthan: Inflation Cycles Amid Regime Change

MacroVoices Erik Townsend & Patrick Ceresna welcome, Lakshman Achuthan. They’ll 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   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/483OoFv   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

11-26
01:04:36

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

MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Howell. They’ll 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   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4pkiqdI   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/  

11-20
01:12:18

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

MacroVoices Erik Townsend & Patrick Ceresna welcome, Mike Green. They’ll discuss everything from the reopening rally to precious metals to energy markets. https://bit.ly/49SQx89   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4o064GN   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

11-13
57:44

MacroVoices #505 Michael Every: Does Anyone Remember PMIs?

MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Every. They’ll discuss the geopolitical situation and talk about what it means for markets. https://bit.ly/49AFRuQ     🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4973pY2   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/  

11-06
01:07:03

MacroVoices #504 Brent Johnson: The Genius of Stablecoins

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’t interested in crypto assets. https://bit.ly/4oMi7IB   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3X396yV   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/  

10-30
01:04:56

MacroVoices #503 Adam Rozencwajg: Gold, Oil & Uranium

MacroVoices Erik Townsend & Patrick Ceresna welcome, Adam Rozencwajg. They discuss all things commodities from gold to oil to uranium. https://bit.ly/4oFcfAZ   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3L28R4t   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

10-23
01:22:24

MacroVoices #502 Tian Yang: A Whiff of Reflation?

MacroVoices Erik Townsend & Patrick Ceresna welcome, Tian Yang. They’ll 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 Variant Perception: https://variantperception.com/macro-pack/  🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/478q6Zg   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/  

10-16
52:52

MacroVoices #501 Matt Barrie: AI Caramba?

MacroVoices Erik Townsend & Patrick Ceresna welcome, Matt Barrie. They discuss all things AI in this week’s 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    🔻Download Big Picture Trading Chartbook 📈📉: http://bit.ly/435x6ot   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

10-09
01:09:02

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

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   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4pSOuGU   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/  

10-02
01:15:44

MacroVoices #499 Has The Luke Gromen Moment Arrived?

MacroVoices Erik Townsend & Patrick Ceresna welcome, Luke Gromen. They’ll discuss gold to bitcoin to stocks. And of course no Luke Gromen interview would be complete without an update on Luke’s outlook for the U.S. Dollar. https://bit.ly/4nn8U9t   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/46B94Tk   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

09-25
01:32:18

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

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    🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3KsOX25   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

09-18
01:04:57

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

MacroVoices Erik Townsend & Patrick Ceresna welcome, Dr. Anas Alhajji. They discuss all things energy, from this past Sunday’s 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   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3VcCwd6   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/  

09-11
01:01:28

MacroVoices #496 Jim Bianco: The Post Covid Economy

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’s Bond View Live! (Members-Only Guest Pass) Register Here: https://dub.link/qt10D1y   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3HGazr6   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/  

09-04
01:08:04

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

MacroVoices Erik Townsend & Patrick Ceresna welcome, Louis-Vincent Gave. They'll discuss his long-term perspective on China’s 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   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/

08-28
01:02:00

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

MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Every. They'll discuss Markets, policy, Russia-US summit and much more. https://bit.ly/3JpAnYU  🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3UBs7aD    ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/   🔴 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

08-21
01:04:49

MacroVoices #493 Ole Hansen: Commodities Are Heating Up!

MacroVoices Erik Townsend & Patrick Ceresna welcome, Ole Hansen. They’ll discuss all things commodities from tariffs to energy to precious metals and much more. https://bit.ly/3Uu4vog   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/47rWXKf   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/   🔴 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

08-14
01:02:34

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

MacroVoices Erik Townsend & Patrick Ceresna welcome, Daniel Lacalle.  They’ll discuss tariffs, recession risks, the European perspective on U.S. geopolitics and markets, the future of the EU’s relationship with the United States, precious metals, energy, and much more. https://bit.ly/4llKZ8z   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4m78Dqx   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/   🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1

08-07
01:07:48

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

MacroVoices Erik Townsend & Patrick Ceresna welcome, Rick Rule.  They’ll discuss oil, uranium, gold and silver, and much more. https://bit.ly/40McC34   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4lUZ7qj ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/   🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1

07-31
01:12:32

MacroVoices #490 Dr. Pippa Malmgren: Bessent, Stablecoin & JFK

MacroVoices Erik Townsend & Patrick Ceresna welcome, Dr Pippa Malmgren. They discuss everything from the future of Stablecoins and the fate of the U.S. dollar as reserve currency to America's possible transition into a 7th party political system and even some shocking revelations about Jeffrey Epstein that go far beyond the usual headlines. https://bit.ly/3H2eFt1   🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4m9NifB   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag    🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/   🔴 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

07-24
01:23:03

Mermadone

Jeff is right about the debt. The problem is the public (boomers) won't vote to stop the money debt train. They are 100% to blame.

03-09 Reply

Nina Brown

💚WATCH>>ᗪOᗯᑎᒪOᗩᗪ>>LINK>👉https://co.fastmovies.org

02-05 Reply

Mermadone

He didn't answer the question about debt. "Look at Italy, blah blah blah...growth"

01-18 Reply

Mermadone

why don't you guys mention plasma reactors to destroy nuclear waste?

08-18 Reply

kris bobo

Eric loving this so far! about time people start hearing the truth on wind and solar. if you haven't ran across https://www.hypersciences.com/ you should check them out. they are working on alternative drilling tech and have worked with Shell in the past. I'd like to hear your take on them vs the other drilling tech. thanks again

01-23 Reply

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