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Artwork for Macro Voices
Inflation
Nuclear Energy
Uranium
Gold
China
Artificial Intelligence
US Dollar
Tariffs
Federal Reserve
Crude Oil
Geopolitics
Trump Administration
Monetary Policy
OPEC
Trump Tariffs
Interest Rates
Commodities
Market Volatility
Geopolitical Risks
Oil

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

PublishesWeeklyEpisodes304Founded10 years ago
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InvestingBusiness

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Artwork for Macro Voices

Latest Episodes

MacroVoices Erik Townsend & Patrick Ceresna welcome, Louis-Vincent Gave. They’ll discuss, what’s going on in the conflict and what it will mean for global markets in the coming months. bit.ly/42T7eeW

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MacroVoices Erik Townsend & Patrick Ceresna welcome, Daniel Lacalle.  They’ll discuss secular inflation, precious metals, the greater risk to Europe from the energy crisis, and much more. bit.ly/42Ek4O5.

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MacroVoices Erik Townsend & Patrick Ceresna welcome, Ole Hansen. They’ll discuss what comes next in the Iran conflict, what the longer-term implications are for energy markets, what’s coming in food inflation and how to trade it, and a longer term ou... more

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MacroVoices Erik Townsend & Patrick Ceresna welcome, Luke Gromen. They discuss the Iran crisis, its knock-on effects, and what it means for inflation looking ahead. bit.ly/4ctlZtj

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Recent Guests

Anas Alhajji
Energy Outlook Advisors founder and managing partner
Energy Outlook Advisors
Episode: MacroVoices #526 Matt Barrie: Pay To PrAI
Matt Loszak
Founder and CEO of Aloe Atomics
Aloe Atomics
Episode: MacroVoices #522 Matt Loszak: Factory Mass-Production of Advanced Nuclear Power Plants
Jeff Currie
Carlyle Group partner; former Goldman Sachs Commodities Chief
Carlyle Group; former Goldman Sachs
Episode: MacroVoices #521 Jeff Currie: The Great Rotation
Alex Gurevich
Founder of Hante Investments and best-selling author
Hante Investments
Episode: MacroVoices #519 Alex Gurevich: The Next Perfect Trade
Craig Tindale
Private investor, longtime Macro Voices listener and article author.
Episode: MacroVoices #516 Craig Tindale: Critical Materials, A Strategic Analysis
Mark Williams
Partner with Lane Neve and architect of New Zealand's Active Investor Plus Visa Program
Lane Neve
Episode: MacroVoices #513 Why Are All The Rich Guys Moving To New Zealand and What Do They Know?
Graham Lawrence
Managing Tax Partner for New Zealand at Acclime, specializing in tax advisory for new immigrants
Acclime
Episode: MacroVoices #513 Why Are All The Rich Guys Moving To New Zealand and What Do They Know?
Brendan Goodwin
Realtor and lawyer specializing in high-end property for international clients
Goodwin's
Episode: MacroVoices #513 Why Are All The Rich Guys Moving To New Zealand and What Do They Know?
Robert Kahn
Global Macro Chief at Eurasia Group
Eurasia Group
Episode: MacroVoices #511 Robert Kahn: Geopolitical Outlook For 2026

Hosts

Erik Townsend
Host of Macro Voices; long-time commodities and macro discussion leader
Patrick Ceresna
Co-host and Macro Scoreboard presenter; frequent co-host in episodes

Reviews

4.8 out of 5 stars from 6.8k ratings
  • #528

    Luke watches way too much CNN. Don’t forget to renew your Dem membership Luke

    Apple Podcasts
    2
    Bobcanada 9
    Canadaa month ago
  • Double-Headers So Good

    This new two-for-one’s are excellent. Both long-term and timely interviews have made this podcast even better. Bravo.

    Apple Podcasts
    5
    McKinstryJr
    United Statesa month ago
  • Ridiculous tin hat conspiracy theories

    guest on the show says it’s deep state that is continuing the Iran war. Everything that he said is wrong and turned out to be wrong. Shows the show is stupid and clueless

    Apple Podcasts
    1
    Late_to_Cloud (and AI )
    United States2 months ago
  • The best!!

    One of the best show I listen to keep myself updated on the investment world. Keep up the great work. Thank you!!

    Apple Podcasts
    5
    A Astor
    Canada2 months ago
  • Used to be better

    Changing my review after listening to the show for years. As other reviewers mentioned, the quality here used to be better. But I think I’m done with it now. The precious metals coverage content was one of the main things I wanted to hear. After one of the largest moves in silver pricing ever, we got an extremely in-depth conversation of gold yet zero comments on the silver market over the past week? Come on.

    Apple Podcasts
    3
    Sellfone
    United States3 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

The show features high-quality guests and rigorous market analysis.
Listeners appreciate in-depth macro and commodity coverage with actionable ideas.
Some listeners critique host commentary and bias but praise guest expertise.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#78
United States/Business/Investing
Apple Podcasts
#250
United States/Business
Apple Podcasts
#34
United Kingdom/Business/Investing
Apple Podcasts
#36
Canada/Business/Investing
Apple Podcasts
#97
Canada/Business
Apple Podcasts
#104
United Kingdom/Business

Talking Points

Recent interactions between the hosts and their guests.

MacroVoices #529 Ole S Hansen: Commodities in The Wake of The Iran Crisis
Q: What is the dominant takeaway about forward curves in this energy dislocation?
Ole Hansen emphasizes that extreme backwardation creates meaningful carry and tailwinds for investors positioned on the deferred portion of the curve, not just front-month prices, making longer-dated hedges and options strategies appealing in a disrupted energy environment.
MacroVoices #525 Lyn Alden: Iran Contagion, Inflation & Private Credit
Q: What scenarios could derail or shape the oil and energy outlook in the near term?
Outlooks hinge on whether Strait of Hormuz disruptions persist, LNG supply, and broader energy infrastructure resilience. Sustained high energy prices could push inflation higher and influence monetary policy, while a resolution could restore some stability, depending on how energy flows and political alignments evolve.
MacroVoices #525 Lyn Alden: Iran Contagion, Inflation & Private Credit
Q: How might private credit interact with the broader banking system in this environment?
Private credit remains a risk, but the banking system's exposure is limited relative to the size of private credit markets; substantial losses would be required to meaningfully threaten banks, though elevated energy prices and inflationary pressures could exacerbate stress in private credit ecosystems.
MacroVoices #527 Adam Rozencwajg: What Comes Next After The Iran Crisis
Q: What is the outlook for inflation amid these events?
Inflation is likely to stay elevated, with potential for higher nominal growth and persistent risk premiums, unless energy prices deflate quickly and growth slows substantially.
MacroVoices #527 Adam Rozencwajg: What Comes Next After The Iran Crisis
Q: What would it mean for markets if there is a deal, versus if there isn't?
Markets would first react to the flow of oil and other commodities; a deal could unlock flow and ease immediate price pressures, but risk premiums and geopolitical uncertainty would linger regardless.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Macro Voices

What is Macro Voices about and what kind of topics does it cover?

A deep-dive finance and macro show that pairs ongoing market commentary with high-profile interviews. Episodes frequently explore commodity cycles, energy dynamics, geopolitics, and policy tools shaping global markets, often tying them to technology trends, currency regimes, and liquidity conditions. Notable are cross-asset discussions that connect real-world events to investment ideas, plus a post-game segment offering actionable takeaways. The format tends to attract listeners who want rigorous, data-driven perspectives from seasoned market participants and researchers, with a notable emphasis on risk factors and regime changes across economies.

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How many listeners does Macro Voices get?

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Which podcasts are similar to Macro Voices?

These podcasts share a similar audience with Macro Voices:

1. The Market Huddle
2. Monetary Matters with Jack Farley
3. Forward Guidance
4. Thoughtful Money with Adam Taggart
5. The Grant Williams Podcast

How many episodes of Macro Voices are there?

Macro Voices launched 10 years ago and published 304 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Macro Voices?

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Where can I see ratings and reviews for Macro Voices?

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What guests have appeared on Macro Voices?

Recent guests on Macro Voices include:

1. Anas Alhajji
2. Matt Loszak
3. Jeff Currie
4. Alex Gurevich
5. Craig Tindale
6. Mark Williams
7. Graham Lawrence
8. Brendan Goodwin

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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