Macro Voices

In this discussion, guest Jeff Currie, Chief Strategist for Energy Pathways Investment at Carlyle, dives into the concept of a 'New Joule Order' and its implications for energy markets. He explores unlimited potential for gold prices in the current economic climate, the shifting fortunes of Europe's investments driven by a declining dollar, and the changing dynamics of the petrodollar system. Currie also emphasizes the growing role of asset-backed digital currencies in global finance and the resurgence of interest in uranium as a promising investment.

Join Rory Johnston, Founder of Commodity Context and an expert in oil market analysis, as he delves into the baffling changes in the WTI forward curve, shifting from backwardation to contango. Explore the impact of geopolitical tensions on crude oil prices and the intricate dance of supply and demand. Discover how U.S. and China inventory dynamics influence future market trends and gain insights into investor sentiment amidst declining U.S. shale production. It's a fascinating look at today's complex crude oil landscape!

Vincent Deluard, a Global Macro Strategist at StoneX, dives into how the MAGA movement may influence corporate America, particularly through potential tax reforms. He argues that recessions are becoming irrelevant thanks to monetary policy. Deluard also explores how demographic shifts and healthcare costs impact market dynamics, while analyzing the evolving landscape of U.S.-China relations amidst geopolitical tensions. He provides insights on upcoming market corrections and the changing frequency of economic downturns since the 2008 crisis.

Mike Green, Chief Strategist and Portfolio Manager at Simplify Asset Management, dives deep into the implications of current tariffs and the contradictions in government policy. He explores the effects of passive investing on market behavior and the hidden economic challenges it masks. The discussion also touches on the evolving role of AI in the economy, innovative high-yield investment strategies, and the intricate dynamics of Treasury yields. Green’s insights on measuring real interest rates and inflation present a compelling view of today's financial landscape.

Jim Bianco, founder of Bianco Research, shares his insights on the shifting landscape of Trump-era economic policies, which he describes as the “end of the beginning.” He explores the future implications of tariff strategies and their effects on inflation and consumer prices. Bianco highlights the rising power of retail investors in reshaping market dynamics and discusses the repercussions of the recent U.S. credit rating downgrade. With keen investment insights, he analyzes current market conditions and trends in key financial assets.

In this engaging discussion, Louis-Vincent Gave, co-founder of GaveCal, shares his expertise on global macroeconomics. He delves into the implications of Trump tariffs and their effects on markets, particularly regarding China and precious metals. The conversation highlights evolving investment strategies, shifting from gold to energy resources like uranium. Gave also examines the complexities of U.S.-China trade negotiations and reveals the potential impacts of geopolitical changes and commodities on future economic trends.

Anas Alhajji, Managing Partner at Energy Outlook Advisors and a seasoned expert in global energy markets, joins the discussion on OPEC+'s production strategies. He elaborates on the geopolitical dynamics influencing oil prices and the implications of recent production increases. Delving into the effects of Trump's presidency on U.S. oil production, he contrasts predictions for the shale industry with the evolving trends in LNG. Alhajji also offers insights into market responses to global sanctions and the shifting landscape of energy procurement.

In this discussion, Luke Gromen, the Founder of Forest for the Trees, delves into the striking implications of President Trump's tariff policies. He argues these tariffs could drastically reshape tax structures, potentially exempting the bottom 90% from income tax. Gromen also highlights how these changes affect gold prices, market dynamics, and U.S.-China trade relationships. He emphasizes the need for strategic investment in U.S. infrastructure to counter energy shortages while analyzing ongoing shifts in global capital flows.

MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Howell. They’ll discuss cyclicality of credit markets, why we should think of them as a refinancing system rather than a credit origination system, and what can be learned by taking this street-smart approach to credit market analysis. https://bit.ly/42F9PsA 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3EDxOjM   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4cMmu0d 🔴 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

Daniel Lacalle, Chief Economist and Fund Manager at Tressis, dives into the evolving financial dynamics between Europe and the U.S. amid geopolitical tensions. He discusses the implications of Trump Tariffs on investments and highlights the risks of stagflation and a declining euro. Lacalle also critiques the European Central Bank's push for a digital euro and its impact on stability. The conversation offers insights into how these factors could redefine economic cooperation and the future of monetary policy on both sides of the Atlantic.