Macro Voices

2,897
Business #161Investing #53

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

Recent Episodes
  • MacroVoices #477 Michael Howell: Are We Approaching A Debt Refinancing Crisis
    Apr 24, 2025 – 01:08:03
  • MacroVoices #475 Daniel Lacalle: Is This The End of The Monetary System As We Know it?
    Apr 17, 2025 – 01:12:44
  • MacroVoices #475 Simon White: The Dawn of A New Financial Order
    Apr 10, 2025 – 01:20:11
  • MacroVoices #474 Mike Alkin: Uranium Supply Is In Structural Deficit And The Fuel Buyers Don’t “Get It”!
    Apr 3, 2025 – 01:30:24
  • MacroVoices #473 Matt Barrie: AI of The Storm
    Mar 27, 2025 – 01:24:19
  • MacroVoices #472 Lyn Alden: Navigating Headline Driven Markets
    Mar 20, 2025 – 01:14:41
  • MacroVoices #471 Tian Yang: Tariffs Will Continue Until Morale Improves
    Mar 13, 2025 – 01:14:29
  • MacroVoices #470 Michael Every: A Week Where Decades Happen?
    Mar 6, 2025 – 01:01:03
  • MacroVoices #469 Jeff Snider: The Mar-a-Lago Accord Seen Through A Eurodollar Lens
    Feb 27, 2025 – 01:09:41
  • MacroVoices #468 Darius Dale: Changing World Order
    Feb 20, 2025 – 01:15:39
  • MacroVoices #467 Jim Bianco: The Mar-a-Lago Accord
    Feb 13, 2025 – 01:22:27
  • MacroVoices #466 Guy Keller: The Nuclear Story Has Never Been Better
    Feb 6, 2025 – 01:03:35
  • MacroVoices #465 Rory Johnston: Oil Markets Under Trump 2.0
    Jan 30, 2025 – 01:07:57
  • MacroVoices #464 Michael Every: Lines on Maps vs Lines on Screens
    Jan 23, 2025 – 01:07:53
  • MacroVoices #463 Izabella Kaminska: On Why Markets Aren’t Getting The Signal
    Jan 16, 2025 – 01:13:51
  • MacroVoices #462 Luke Gromen: 2025 Outlook
    Jan 8, 2025 – 01:00:28
  • MacroVoices #461 Thomas Jam Pedersen: Nuclear Fuels and Fuel Cycles For Energy Transition
    Dec 31, 2024 – 01:55:00
  • MacroVoices #460 Thomas Jam Pedersen: Advanced Nuclear Reactor Designs For Energy Transition
    Dec 24, 2024 – 01:57:33
  • MacroVoices #459 Robert Kahn: Looking Ahead To 2025 Geopolitics & Markets
    Dec 19, 2024 – 01:11:16
  • MacroVoices #458 David Rosenberg: Lament of A Bear
    Dec 12, 2024 – 01:09:31
  • MacroVoices #457 Justin Huhn: The Fundamentals For Nuclear Keep Getting Better
    Dec 5, 2024 – 01:10:58
  • MacroVoices #456 Jeff Currie: Repricing of Macro Markets
    Nov 27, 2024 – 01:07:57
  • MacroVoices #455 Daniel Lacalle: Is The Trump Trade Over?
    Nov 21, 2024 – 01:08:37
  • MacroVoices #454 Vincent Deluard: The Five Body Problem
    Nov 14, 2024 – 01:18:52
  • MacroVoices #453 Dr. Pippa Malmgren: Unconventional Insights on US Presidential Election
    Nov 7, 2024 – 01:31:18
  • MacroVoices #452 Darius Dale: No Difference Between Trump & Harris
    Oct 31, 2024 – 01:15:24
  • MacroVoices #451 Brent Johnson: Macro Drivers of UST’s, PM’s & The Role of The BRICS
    Oct 24, 2024 – 01:10:03
  • MacroVoices #450 Dr. Anas Alhajji: Oil, Middle-East Politics & China
    Oct 17, 2024 – 01:01:57
  • MacroVoices #449 Harley Bassman: The Magic of Mortgages
    Oct 10, 2024 – 55:42
  • MacroVoices #448 Luke Gromen: Why the Gold Recycling Trade is Accelerating
    Oct 3, 2024 – 01:11:18
  • MacroVoices #447 Eric Peters: US/EU/China, Competitive Outlook
    Sep 26, 2024 – 55:55
  • MacroVoices #446 Matt Barrie: AI’ll Be Back!
    Sep 19, 2024 – 01:19:09
  • MacroVoices #445 Jim Bianco: Still No Landing, and Inflation is Not Transitory
    Sep 12, 2024 – 01:10:46
  • MacroVoices #444 Mike Alkin: Uranium Fundamentals Couldn’t Be Better
    Sep 5, 2024 – 01:21:07
  • MacroVoices #443 Viktor Shvets: From Central Banks To Assets Classes To Geopolitics & More
    Aug 29, 2024 – 01:06:54
  • MacroVoices #442 Ole Hansen: Year of The Metals
    Aug 22, 2024 – 01:02:04
  • MacroVoices #441 Diego Parrilla: The Revenge of The Anti-Bubbles
    Aug 15, 2024 – 01:05:45
  • MacroVoices #440 Louis-Vincent Gave: What Just Happened?
    Aug 8, 2024 – 01:32:19
  • MacroVoices #439 Rory Johnston: Discretionary Risks To The Oil Market
    Aug 1, 2024 – 01:13:39
  • MacroVoices #438 Marko Papic: U.S. Presidential Race Risks & Complications for Markets
    Jul 25, 2024 – 01:25:53
  • MacroVoices #437 Lyn Alden: Energy Security, Precious Metals & More
    Jul 18, 2024 – 01:05:10
  • MacroVoices #436 Tian Yang: Left & Right Tails
    Jul 12, 2024 – 01:01:14
  • MacroVoices #435 Daniel Lacalle: Navigating Monetary Debasement
    Jul 3, 2024 – 55:09
  • MacroVoices #434 Bill Blain: Will Higher For Longer, Lead To Market Mayhem?
    Jun 27, 2024 – 01:04:06
  • MacroVoices #433 David Rosenberg: Calling The FED’s Bluff
    Jun 20, 2024 – 01:04:45
  • MacroVoices #432 Jeff Currie: Metals, Energy, Commodity Super Cycle & More
    Jun 13, 2024 – 01:07:39
  • MacroVoices #431 Lakshman Achuthan: 2024 Turning Points
    Jun 6, 2024 – 55:02
  • MacroVoices #430 Jim Bianco: Rate Hike On Deck
    May 30, 2024 – 01:09:00
  • MacroVoices #429 Dr. Anas Alhajji: Oil Market Outlook, Iran & Energy Geopolitics
    May 23, 2024 – 01:06:52
  • MacroVoices #428 Adam Rozencwajg: AI Demand, Energy & Precious Metals
    May 16, 2024 – 01:10:39
Recent Reviews
  • OldSchoolListener
    Rich White Guy
    I loved this podcast since its beginning. Anymore… they just want to push “Rich White Man” agenda. Good for them…”fool me once” they’re rich white men! 🤣
  • DeuceIsLoose
    Conspiracies and revolution, every single episode?
    Think I got the gist of this one. Talk about conspiracies and revolution every day so one day you will be right. Fear sells. Really strange analysis on this podcast.
  • Oro de Deo
    Checking back
    Quality and content have gradually declined over time but I still have hope that Eric will return this show to its former glory, just not yet.
  • sp312_IOMT
    Very good
    One of the better podcasts about the macro environment/- s serious host interviewing serious people — great resource .
  • mantis eats
    Sometimes good sometimes blind leading the blind
    Good or not as good depending on the guest
  • AMAZingAmazing007
    Getting worse&fake good reviews
    OMG! After my bad review, they blocked me!😂😂😂 Why so little content about equity market? Then you should change the name to commodity trading podcast! Or just oil trading show!
  • No11111166666
    Love the theme song.
    Brent johnson says nothing but cliches and people get so excited: brent says he can buy starbucks in guam with usd. Wow. Oh brent said his uber drivers likes usd tips best... oh brent. Real thoughtful Brent says cliches: the world changing "i think"
  • anothersedude
    Great podcast
    Really great podcast with great guests and awesome information
  • md--->
    Really good
    …and just keeps getting better.
  • STR-1
    This show has declined
    I used to love listening to this show every week, but I got tired of Erik Townsend pushing a larger war with either the US or China…. End of the world, runaway inflation etc. etc each and every week. I stopped listening, but this was the first episode I’ve listened to in a year, and guess what hasn’t changed? His perspective.
  • Pmco224
    Insufferable
    As someone that has never rated any podcast below 5 stars I can’t stand the host and his constant pandering of his ignorant, biased opinions. I don’t know a single person that suffers through the whole podcast anymore. We all tune in for the guests, which happen to be the only redeeming part of this podcast. Stop shoving your political and market ignorance down our throats when great minds are talking. You’ve been consistently wrong on everything you spew for over a year with no hint of showing that you can pivot or actually be open minded. Do everyone a favor and just cut the podcast down to the guest segments already.
  • kfixbwhdisa
    Ethical proponent of nuclear
    Great show
  • Ryan191918
    Great guests.. but have to hit skip every time Erik talks
    Some great interviews.. but the host is so arrogant and biased it hurts to listen.. constantly pushing his views as 100% truths.. even when guest after guest present data/facts disproving his narrative. Thank god for fast forward!
  • coryolla
    David Webb as a guest.
    Please consider having David Webb on as a guest. He is the author of the book, The Great Taking.
  • OBS154
    Thanks for the help
    I’m just an everyday, blue collar guy trying to learn about macro and the markets, and your show is helping with that. Thanks
  • DEFELI1
    Eriks take get worser!!!
    Will have to unfollow this show. Can not listen to Erik any longa. The more he tries, the worse it gets. Terrible takes…
  • ronnie.n
    Latest Show
    Hello, Great work, just instead of bringing rookies that they themselves don’t know what’s going on economically ( market) speaking, please bring someone like Felix Zulauf from Switzerland that at least have enough knowledge to share. Thank you RN
  • ketomoon
    Quality decreases
    This show has become biased and non professional, driving a certain political agenda
  • Grump gillz
    Last episode
    Here we goin creating problems and offering solutions again.
  • E.V.ddie
    Love the commodity coverage and discussion
    Hard to find quality commodity and energy discussion podcasts. This show has great guests and thoughtful discussions
  • lovethebuckeyes7
    Right wing politics and poor investing show
    I listened to this show for six months as a contrarian viewpoint, but have recently stopped as they have been plugging cryptocurrencies and oil investing. Eventually a contrarian show has to prove out at least one useful investment, but this one has none and is starting to get more into Trump conspiracies and right wing propganda as people are starting to call out their money losing advice.
  • swac1102312
    Great episode #369
    As usual, you had another fantastic guest and Pippa presented a very compelling and cogent geopolitical analysis. She truly understands the strategic underpinnings of Chinese leadership involvement and intent using Russia as a proxy. Thank you for finding these experts and giving them the time to present their research. Another great episode #384 Incredible interview with Darius Dale and his highly structured analysis on the current macroeconomic landscape. Thank you
  • whitezinfadel
    Top-Notch Guests
    Must listen every episode, excellent interviews week in and week out
  • 65Whatever you want to call me
    Quality every week
    The combination of excellent guests and host commentary makes this a must-listen podcast.
  • James894875
    Pippa Malmgren is a fraud
    She shouldn’t be invited onto this show anymore as she’s just another D.C. area grifter making her income on daddy’s last name who himself was a grifter. So many of them in D.C. I guess she’s taken her act to London now.
  • bringtheheater87
    Energy series is amazing!!!
    Thank you for having a open and honest conversation
  • SAARKÉSH
    Most Comprehensive Analysis on Energy
    Examining the past, present and FUTURE of energy, globally. Knowledgeable quests with the latest thought process on the trends and technologies. One missing area of the coverage is new Grid architectures leveraging new technologies to calibrate multi-sourced capture to storage and redistribution models…not to mention fault tolerant energy operational centers!!! Well done 👍🙏
  • Joeltrout
    New Macro Listener
    I’ve been listening for a few months and have absolutely loved the quality of guests this podcasts interviews from a wide range of industries. All of it helps me see the economy and markets with a much better view and understanding.
  • Dr Monero
    underperformance
    the show format and presentation is good but I question Erik’s understanding of certain topics. The move to write a book on cryptocurrency with no domain expertise is a head scratcher. If the host is really so good at managing his money then why sell a book?
  • osaycanyousee
    Ditching this one
    Been regular listener for years. Good guests. Townsend is annoying. Was able to ignore him going on about central bank digital currency constantly. But this year his complaints about American government and energy policy have made the show too political. Yes we have our problems, but I am thankful to live here rather than have to figure out how to escape an authoritarian regime.
  • L/S equity PM
    Past its prime
    I used to love MV but it’s increasingly gone off the deep end in 2022. Townsend knows about oil, but that’s where the useful part ends and the kookiness begins… Countless examples…he had to be told to stop talking about World War III earlier in the year; his obvious delight when the Anas Alhajji interview echoed his similarly off-piste views on energy doom and gloom and western economies getting screwed. He claims to not root for that stuff but his giddiness said it all…It’s pretty clear he holds fringe / borderline conspiracy theorist views. So even though I’m with him on the fundamentals / lack of capex / Eucalyptus paradox, professionals should go elsewhere for serious adult views. Worth listening to when they get Jim Bianco and a few other guests but it’s in spite of Townsend, not because of…hope they get the memo because the show used to be great.
  • _KK_26
    The best
    Simply put - the best podcast on investing / economy out there today.
  • Laubster84
    Highly Insightful
    Discovered the podcast a few months ago and have listened to every episode since. Highly insightful content with intelligent guests.
  • jr investments
    Perma bears
    Once in a while had some interesting guests but seems like especially lately, just a parade of perma bears. Patrick does a decent chart review but I would not rate this as one of my top financial podcast.
  • Jesuit20
    Thought provoking and informative!
    Gentlemen, thank you for producing the best macro-podcast around!
  • watching the bonfire
    Terrific format
    Long discussion with guest with download is good source of info and thinking on a specific area. Market wrap up with downloads is a very efficient overview of market segments. It should be acknowledged that all the people on the show have spoken clearly and that the audio is very professional.
  • OneRepublic fan! MS
    Great podcast
    This has quickly become one of my favorite podcasts. The team hosting the podcast and their guests are great.
  • AL2NZ
    Townsend’s Midlife Crisis
    The guests continue to be excellent - Townsend, however, is descending into the ghetto of seething, slogans, epithets, and cliches that characterize today’s American middle-aged man. He tosses around “Biden” in this very predictable, unoriginal, eye-rolling contempt a la Fox News to appeal to what he presumes is his constituency of like-minded man-cave denizens. Sorry, some of us are still rich and still voting for Biden regardless of your middle-school popularity tactics. All this distraction is diminishing the actionable information available from this show as more and more time is given to what could be or should be on the political side.
  • Tuckervc
    Smart analysis & varied opinions
    Erik is great and gets a wide array of smart guests. I never feel like I’m in an echo chamber, which is SUPER important. I have learned a TON on this show since I started listening in the pandemic. I never miss an episode.
  • LSM345345
    Worth the time investment - generally strong guests, weak host.
    Hosts are fairly unsophisticated thinkers but they generally source interesting, thoughtful and seasoned pros.
  • Palexis1
    Must listen for any investor
    Incredibly valuable free market information, straight from the professionals. No stonks diamond hands talk to be found here!
  • PHellman
    Great podcast!
    I really enjoy this Macro related podcast! Look forward to listening every episode! Thanks for all your efforts!
  • GR4H4MBO
    Seriously Great Content
    I am not their target audience, but I have listened to Erik for years now, one of the best Macro shows around!
  • D20009
    Incredibly worthwhile content
    Wow. I have been watching these for about a year. Great guests, great interview style combined with a weekly market update. This viewer is very grateful that Erik shares such valuable content with the world.
  • gorillafab
    Amazing macro podcast
    Great pod cast with a broad range of ideas and voices.
  • FinScott
    The best financial podcast I have listened to
    I look Forward each week to the Macrovoices podcast. The Speakers and topics are always timely and top rate! I would love to hear Erik and Jim talk about DiFi.
  • Dpdunne
    Outstanding
    Looks at both sides of likely outcomes Great guests
  • Er redddy
    Best podcast
    As a beginner I am learning a lot about different markets because they bringing the best hedge fund managers to talk about pretty much all the markets around the globe very interested now I become a regular listener now.
  • Darius Dale, CEO of @42macro
    One of the Best Podcasts, Period
    ☝🏾 -Darius Dale, CEO of @42macro
  • DJay John
    There is NO BETTER that I have Found
    I look forward to it weekly. I do wish that they would do away with the Chart Books because more guests would be better.
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