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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
For the last 20 years, among other things, I was an Executive Coach to CEO’s of larger corporations. Now I am moving on to MY Next Chapter. I invite you to join me in my journey. It makes no difference if you are retiring or making any significant change to your life. We are all on the same journey. So tune in and tag along. We will talk about “what you can do next.” It might deal with transition, desire, curiosity, loss, or anything else that has to do with our Next Chapter in Life.
Investing Fundas
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MacroVoices #255 Mike Green: Bitcoin’s Role in the Future of Digital Currency
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MacroVoices Erik Townsend and Patrick Ceresna welcome Logica Funds chief strategist Mike Green to the show to discuss the digital currency revolution generally, Bitcoin and where it’s headed. Link: https://bit.ly/39Rrv94By Hedge Fund Manager Erik Townsend
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#177 Terry Hershey: Finding Grace in Crisis
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Show Notes In this episode Terry Hershey and I wrestle with the role of spirituality and God in our country’s most difficult crisis in January 2021. Sometimes clear and sometimes bewildered, we remain at the mercy of our hearts, resting in the attentive mercy of grace. Truly, this is as vulnerable and as truthful a podcast as we know how to conduct…
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MacroVoices #254 Luke Gromen: The FED Faces No Easy Choices
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MacroVoices Erik Townsend and Patrick Ceresna welcome Luke Gromen to the show to discuss whether if this is the beginning of a trend reversal to the upside or just a dead cat bounce, where the dollar is headed and what that will mean for the markets & more. Link: https://bit.ly/38Jw2LiBy Hedge Fund Manager Erik Townsend
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MacroVoices #253 Art Berman: U.S. Oil Production Still Set for Steep Decline in 2021
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MacroVoices Erik Townsend and Patrick Ceresna welcome Art Berman to the show to discuss the coming domestic production decline which Art still predicts, when it will happen, as well as this week’s OPEC+ meeting, and much more. Link: https://bit.ly/3ooBVDbBy Hedge Fund Manager Erik Townsend
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#176 Dena Crowder 2020: The Year of Wisdom
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Show Notes Well today, Paul, our life coach Dena Crowder and I will wrap up 2020 by reviewing my personal year and then trying to determine “what essential life wisdom lesson did I learn this year?” Dena Crowder is THE best at digging deep into the inner self to help determine wisdom lessons learned in life. So today I will participate in a Dena Cr…
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MacroVoices #252 Holiday Special Part 2
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MacroVoices Erik Townsend and Patrick Ceresna welcome back Ronald Stoeferle and Grant Williams in this second half of two-part Holiday Special series to discuss the distinction between inflation and fiat debasement, and then talk through a long list of hedging trades against each of those risks, ranging from precious metals to bitcoin to farmland t…
Show Notes So Paul. We are recording the last episode of the year today. To do so, I want to have a chat with our friend Terry Hershey to talk about beginnings and endings. We will talk about TS Elliot and his poetry in the Four Quartets, especially the second poem, East Coker. Where he writes, “In my beginning is my end.” The search for today will…
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MacroVoices #251 Holiday Special Part 1
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MacroVoices Erik Townsend and Patrick Ceresna welcome Ronald Stoeferle and Grant Williams in this first half of Holiday Special series to talk about fiat currency debasement and inflation, commodities and different ways to hedge, crypto currencies and more. Link: https://bit.ly/3pnrakjBy Hedge Fund Manager Erik Townsend
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MacroVoices #250 Kyle Bass: Commodity Bull Market, Inflation & Singapore
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MacroVoices Erik Townsend and Patrick Ceresna welcome Kyle Bass to the show to discuss equity markets, how Joe Biden’s presidency will affect oil prices, and why Singapore will be the big winner as Hong Kong loses its independence from China and more. Link: https://bit.ly/38cpoM1By Hedge Fund Manager Erik Townsend
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#174 Austin Hedges Behind the Scenes: A Look at the Life of a Professional Athlete
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Show Notes Hi Paul. Today we are reaching back to a guest we had on the show about one year ago, my son Austin Hedges. Austin is a professional baseball catcher for the Cleveland Indians. After nearly a decade of playing since graduating high school for the San Diego Padres, he was traded in late August to the Cleveland Indians. What I hope to chat…
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MacroVoices #249 Dr. Pippa Malmgren: Get Ready for Trump News Network
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MacroVoices Erik Townsend and Patrick Ceresna welcome back Dr. Pippa Malmgren to the show for an update on what she sees next for Donald Trump assuming his attempts to overturn the election results are unsuccessful. Link: https://bit.ly/2Lmh6cJBy Hedge Fund Manager Erik Townsend
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MacroVoices #248 Jeff Snider: QE Still Isn’t Money Printing, and USD Still Isn’t Crashing
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MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show to revisit his dollar-bullish Eurodollar thesis, and consider where the market could be headed from here, and whether or not this week’s move invalidates his prior views. Link: https://bit.ly/2VwzilUBy Hedge Fund Manager Erik Townsend
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#173 Charlie – Personal Growth: Ladders or Trellises
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Show Notes I am very passionate about the topic for today. You see I have sort of an aversion what is known as “linear growth.” You know, the old 3 or 5 Steps to Accomplishing the Life You Want. I think linear growth is quite effective when learning and even mastering a particular discipline. But… even then, there comes a point when the novice reac…
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Smarter Markets - Robert Friedland: Envisioning commodities graded & traded on how responsibly they're produced
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Billionaire Canadian financier Robert Friedland headlines the inaugural episode of Smarter Markets, and shares a vision of commodities being graded based on how responsibly they were produced with regard to ESG priorities, thus allowing free market price discovery to determine a market premium to reward responsible producers of metals and other com…
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Erik's Interview on Market Huddle re: Abaxx Technologies Investment
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Erik lays out the reasons he invested in Abaxx Technologies, what the company is about, and how investors can get involved when ABXX stock starts trading publicly on December 15th.By Market Huddle
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MacroVoices #247 David Rosenberg: Too much debt spells lower future growth and inflation
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MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show to discuss everything from what’s holding up the stock market to whether bond yields have bottomed to the inflation outlook. Link: https://bit.ly/2UZqqFbBy Hedge Fund Manager Erik Townsend
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MacroVoices #246 Daniel Lacalle: U.S. Election, European Outlook & More
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MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show to discuss what’s holding the stock market up as the vaccine news is offset by a marked increase in cases and deaths, bond yields, inflation, and much more. Link: https://bit.ly/3pUMwa6By Hedge Fund Manager Erik Townsend
Show Notes Who doesn’t love Fairy Tales? Today Terry Hershey and I will engage in yet another very impromptu discussion. This time we plan to dive into the, may I say, treacherous waters of Fairy Tail. As kids, so many of us were “Walt Disneyed” with challenging and happy-ending Fairy Tales, which offered hope for overcoming the hardships and trial…
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MacroVoices #245 Lakshman Achuthan: Brace For Inflation
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MacroVoices Erik Townsend and Patrick Ceresna welcome ECRI's Lakshman Achuthan to the show to talk about why he sees an inflation cycle on the near horizon and where we stand in the economic cycle and the outlook for markets. Link: https://bit.ly/35o7h5ABy Hedge Fund Manager Erik Townsend
Show Notes It is so good to be back in studio. I so prefer working with you in here rather than remotely in my home office. Now that’s odd coming from an introvert. But I think perhaps I am only a “partial introvert,” I still enjoy live conversations with interesting people. And “interesting” certainly describes our guest today. I have known Haley …
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MacroVoices #244 Marin Katusa: How to Play the Secular Gold Bull Market
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MacroVoices Erik Townsend and Patrick Ceresna welcome Marin Katusa to the show to discuss everything from MMT and how it will drive a secular bull market in precious metals to why some of the best mining companies are only listed on Canadian exchanges to how to allocate a precious metals portfolio to benefit from all these trends. Link: https://bit…
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#170 Lindsay Davis: On The Edge of the Unknown
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Show Notes The show today and our guest, Lindsay Davis, are very special. Although Lindsay and I only recently met, we hit it off like a couple of deeply kindred spirits. I think our listeners are in for a real treat. Today Lindsay Davis and I will take a deep dive into what I’m calling “Flirting on The Edge of the Unknown.” In our chat, we will di…
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Spotlight #5 The Democratization of Alternative Investments – Art & Farmland
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Asset classes previously available only to the super-rich such as fine art and farmland are being democratized and brought within reach of all investors. Hear insights from the CEOs -Artem Milinchuk of FarmTogether.com and Scott Lynn of Masterworks.io- behind this new trend, where it’s headed, and how to invest in both fine art and farmland without…
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MacroVoices #243 Tian Yang: A New Commodity Bull Market is Coming
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MacroVoices Erik Townsend and Patrick Ceresna welcome Variant Perception's Tian Yang to the show to talk about why his team sees inflation on the horizon and they think a new secular bull market in commodities is on deck. Link: https://bit.ly/37TkIfGBy Hedge Fund Manager Erik Townsend
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The Next Chapter with Charlie
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#169 Dr. Donna Friess: The Surprising Value of Nostalgia
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Show Notes Today’s show takes us on a journey down that “road less traveled.” Today we will learn about the value of life from the insights of author and professor, Dr. Donna Friess. Donna will talk to us about the value of nostalgia, overcoming childhood tragedy, and her fervent belief, that in spite of anything, happiness is a choice. My colleagu…
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MacroVoices #242 Stephanie Kelton on Modern Monetary Theory
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MacroVoices Erik Townsend and Patrick Ceresna welcome Stephanie Kelton to the show to discuss how Modern Monetary Theory can enable more, not less government spending using the power of central banks to conjure new money supply out of thin air to finance government spending, without necessarily raising taxes or borrowing from foreigners. Link: http…
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#168 Terry Hershey: Detachment and Emotional Sanity
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Show Notes Today is a fun show because we have back our good friend, Terry Hershey. As many listeners know, Terry is the author of 17 books, acclaimed public speaker, teacher, and, what I like to call, minister of grace and human dignity. Today Terry and I will attempt to tackle a most sensitive question: That is, how can detachment provide emotion…
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MacroVoices #241 Mike Alkin & Guy Keller: Uranium Special
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MacroVoices Erik Townsend and guest co-host Kevin Muir welcome Mike Alkin & Guy Keller to the show to talk about the future of nuclear power industry, how Uranium market works and the investment opportunities in the Uranium market & more. Link: https://bit.ly/3k5i35HBy Hedge Fund Manager Erik Townsend
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#167 Soheila Adelipour Love: An Antidote to Tragic Loss
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Show Notes Our guest today brings with her a huge potpourri of emotional tragedy, cosmic learning, and even a surprising taste of laughter. And I say “a surprising taste of laughter” because after Soheila Adelipour tells her story, I guarantee you will be unsure exactly how to respond. The one thing you most certainly will walk away with is a renew…
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MacroVoices #240 Dr. Pippa Malmgren: U.S. Election Outlook
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MacroVoices Erik Townsend and this week's guest host Kevin Muir welcome Dr. Pippa Malmgren to the show to discuss everything from the outlook for markets in various election scenarios to the risk of an increase in civil unrest after the election to Pippa’s prediction that President Trump will aspire to create his own television news empire after le…
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#166 Nate Johnson – The Adventure Called Life
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Show Notes I think today’s show will be fun. I plan to talk about “The Adventure Called Life” because that is how our special guest today lives his life… as an ongoing adventure. As a personal development coach, Nate Johnson genuinely “lives” life. Check it out. He is an American city guy turned white water rafting guide in New Zealand, a rancher t…
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MacroVoices #239 Art Berman: U.S. Production still set to decline…but so is demand
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MacroVoices Erik Townsend and Patrick Ceresna welcome back Art Berman to the show to discuss where oil price is headed from here, decreasing price sensitivity to changes in comparative inventory and an update on Art’s previous prediction on U.S. production of oil. Link: https://bit.ly/3d0eYBrBy Hedge Fund Manager Erik Townsend
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#165 Linda Olsen: Powerful Secrets for Telling Your Own Story
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Show Notes Today we are honored to once again have a recent guest who was on the show only a couple weeks ago. In our previous show Linda Olsen and I focused on the “value of creating a personal story.” But according to listeners, we neglected to explain the tactics or procedures of actually creating Your Own Story. Today Linda and I will dedicate …
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#164 Kamin Samuel – Discover Your Zone of Genius
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Show Notes Hey Paul. I am especially interested in our show today, as we will discuss, at least in part, how each of us contains a Zone of Genius hungering to make an impact. This show if filled with insight and tangible steps to becoming the kind of person you really want to be. Kamin Samuel is one of my most respected people. Her intelligence and…
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MacroVoices #238 Alex Gurevich: Bond Yields, U.S. Dollar, Equities & more
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MacroVoices Erik Townsend and Patrick Ceresna welcome Alex Gurevich to the show to discuss if the bond bull market is finally coming to an end, if the U.S. dollar is heading to a secular decline and perspectives on gold, equity markets & more. Then Jim Bianco from Bianco Research joins in the postgame segment to talk about the upcoming US President…
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MacroVoices #237 Juliette Declercq: U.S. Election Outlook, U.S. Dollar, Real Yields and more
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MacroVoices Erik Townsend and Patrick Ceresna welcome Juliette Declercq to the show to discuss the potential outcomes of the U.S. Presidential election and their impact on markets, inflation, the US Dollar, and much more. Link: https://bit.ly/3mvrQU9By Hedge Fund Manager Erik Townsend
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#163 Terry Hershey – Nourishing Your Soul
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Show Notes Last week I watched a video of singer/songwriter and philanthropist Jewel. Among several of her captivating ideas Jewel concluded the most important thing she can do in her mid-forties is to concentrate her primary goal as the nourishment of her soul. In today’s show I’d like to feature our good friend Terry Hershey, author 17 books, acc…
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MacroVoices #236 Mike Green: Passive Investing Dynamics, Inflation vs. Hyperinflation, Digital Currencies & more
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MacroVoices Erik Townsend and Patrick Ceresna welcome Mike Green to the show to discuss the reflexive effects of passive investing on market price action, before moving on to the US dollar, inflation, gold, digital reserve currencies and much more. Link: https://bit.ly/33kfmWCBy Hedge Fund Manager Erik Townsend
Show Notes Today, I will talk about a subject very dear to my heart—the meaning of life. As many know, I am a big fan of Dr. Jordan Peterson, a Canadian professor of Psychology at the University of Toronto. In the last 5 years, Peterson has become a very wildly renowned speaker and author. In a recently posted YouTube video on The Meaning of Life, …
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MacroVoices #235 Luke Gromen: U.S. Dollar Deep Dive
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MacroVoices Erik Townsend and PatrickCeresna welcome Luke Gromen to the show to discuss if the U.S. Dollar is having that "Luke Gromen Moment" he has predicted for years, the stock market, the U.S. fiscal situation, gold and much more. Link: https://bit.ly/3jMGHr4By Hedge Fund Manager Erik Townsend
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MacroVoices #234 Brent Johnson: The Dollar is Not Dead
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MacroVoices Erik Townsend and Patrick Ceresna welcome Brent Johnson to the show to discuss the U.S. Dollar in depth, including why Brent thinks the dollar bears are declaring victory prematurely. They also discuss stocks, gold, and much more. Link: https://bit.ly/2YFAfu2By Hedge Fund Manager Erik Townsend
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MacroVoices #233 Jesse Felder: How Long Can Stock Market Mania Continue?
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MacroVoices Erik Townsend and Patrick Ceresna welcome Jesse Felder to the show to discuss everything from the stock market, to the U.S. dollar, to gold & much more. Link: https://bit.ly/2CJ3HrcBy Hedge Fund Manager Erik Townsend
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MacroVoices #232 Vincent Deluard: The Nuclear Winter of the 60/40 Portfolio
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MacroVoices Erik Townsend and Patrick Ceresna welcome Vincent Deluard to the show to discuss the shortcomings of 60/40 portfolio, why inflation still hasn’t happened, and if the U.S. dollar is facing the beginning of its demise and more. Link: https://bit.ly/3iDyBAzBy Hedge Fund Manager Erik Townsend
Show Notes As we consider making a change, my guest today, author, speaker, and entrepreneur Linda Olsen is going to walk us through a process of transforming our lives, from being stuck in the past to becoming vibrant today and in the future. And boy, does Linda have personal experience to support her story. But we’ll get into Linda’s story very s…
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MacroVoices #231 Jim Bianco: Coronavirus, MMT, U.S. Dollar, All Leads to Gold
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MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show to discuss everything from if Jim has indeed turned bullish, coronavirus update, fixed income markets, what’s next for US dollar & much more. Link: https://bit.ly/3krJ8RpBy Hedge Fund Manager Erik Townsend
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#160 Caitlin Cogan Doemner: When Being More is Not Enough
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Show Notes My guest today, Caitlin Cogan Doemner, is one of my very favorite people. Although, to me, she’s just a puppy, I believe she possesses the inklings of a sage. Caitlyn is brilliant, thought provoking, and a boatload of fun. What else could you ask of a great woman? Although Caitlin was just on the show about four months ago, recently she …
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MacroVoices #230 Summer Special: Deep Dive into U.S. Dollar with Jeff Snider
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MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show to discuss the U.S. Dollar system, structurally how it works and why it’s leading systemically to a dollar shortage. Link: https://bit.ly/3geQLIgBy Hedge Fund Manager Erik Townsend
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MacroVoices #229 Summer Special: Grant Williams Unplugged
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MacroVoices Erik Townsend and Patrick Ceresna welcome Grant Williams to the show to discuss how long the central bank balance sheet expansion will continue, comparison between this recession to the past recessions, outlook on gold, US/China relations and more. Link: https://bit.ly/2CV3H7jBy Hedge Fund Manager Erik Townsend
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MacroVoices #228 Lyn Alden: The Road to Inflation
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MacroVoices Erik Townsend and Patrick Ceresna welcome Lyn Alden to the show to discuss the recession, equity markets, bond yields, gold, inflation, and much more. Link: https://bit.ly/3jfl2bYBy Hedge Fund Manager Erik Townsend
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#159 Dena Crowder–Us vs. Isms: When to Be The Point of Love
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Show Notes IMPT NOTE: I have concluded that this episode (as well as #158 with Terry Hershey last week) are certainly among all-time my favorites. This show seemed to start a bit slow, but once we hit stride Dena Crowder was brilliant! I hope this show impacts you the way it impacted me. In late June of 2020 I was fortunate to be part of a zoom gat…
