This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

barred. Now here are your hosts, Eric Townsend and Patrick Sarasna.

Macro Voices episode 210 was recorded a day early this week on Wednesday, March 11, 2020.

I'm Eric Townsend. This episode of Macro Voices is brought to you by top traders on

Plugged.com, a podcast dedicated to quant and rules based investing, helping investors

overcome behavioral biases. Merck Investments founder Axel Merck joins me as this week's

feature interview guest. We'll discuss everything from the stock market to bond yields and whether

they can go negative in the United States to gold and why gold mining shares haven't

done as well as the middle itself. And of course our post game segment will feature yet

another of Patrick's famous chart books. We'll do the post-mortem analysis on what happened

in the market on Monday and discuss possible scenarios for what might come next.

And I'm Patrick Sarasna and Eric, I've been bracing myself for one of those half an hour

market wraps where you go deep into the coronavirus. Is that what I should be expecting this week?

Hey, Brutcher pillow with you. I was afraid it was going to go even longer this week, Patrick,

because there is a lot to talk about on the coronavirus story and also of course epic

events in the crude oil market. But there's good news. We had a couple of requests on Twitter

over the weekend for more special episodes dedicated just to COVID-19 and to crude oil.

And I explained as politely as I could on Twitter like, hey guys, sorry, but our policy

is only to produce extra episodes when we have either ad revenue or donations to pay

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