This is a special edition of Macrovoises with hedge fund manager Eric Townsend.

The premier financial podcast targeting professional finance, high net worth individuals, family

offices, and other sophisticated investors.

Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.

Macrovoises All Stars episode 74 was recorded on October 28th, 2019.

I'm Eric Townsend. All-Star Brent Johnson, founder of Santiago Gold Fund is back with us today.

This episode of Macrovoises is brought to you by top traders on plug.com, which happens to be

my favorite podcast when it comes to quant and rules based investing. Check them out, you'll be glad you did.

Brent, it's great to have you back. I've really been looking forward to you now

for the benefit of any newer listeners. Brent is the guy in the face of all of the experts

that we've had on saying, okay, look, the economy is really bad. We got a lot of problems. This means

the stock market's been going down. Brent was the guy to say they're right about the economy.

We got a lot of problems, but the stock market's not going down. It's likely to move substantially

higher. Why don't you explain Brent? This morning, the S&P, as we're speaking, is breaking out to

new all-time highs, despite the fact that there is a lot of bad economic news.

How were you able to see this coming and what do you forecast? What do you see on the horizon?

Well, yeah, thanks again for having me. I'm happy to be here and talk to you guys. Essentially,

I've had this theory for the last couple of years that the global economy is slowing. That means

a lot of uncertainty for global markets and where will people go as a result. Now, as an individual,

you can just sell everything and go sit on the sidelines and you don't even have to play the

game, so to speak. But big pools of capital, the big asset allocators, they don't really have

that as a choice. When I was viewing the world and doing my analysis a year or two years ago,

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