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 Sarresna.

Macro Voices Episode 275 is recorded on June 10, 2021. I'm Eric Townsend. This episode

is brought to you by ABIC's technologies, pioneering the design of smarter markets that

better meet the needs of both market participants and society as a whole. And by FarmTogether.com

bringing FarmLand a new trillion dollar investment opportunity within reach of all accredited

investors. Professor Steve Keane returns as this week's feature interview guest will

discuss why Steve says inflation is definitely coming. But it won't be the runaway inflation

feared by many people myself included. Nor will it be the hyperinflation that some folks

fear myself not included. Steve says the inflation is inevitable but it doesn't pose a great

threat and he rejects my own suggestion that an Austrian crack up boom has already begun.

Then be sure to stay tuned for our post game segment after the feature interview when

Patrick and I will take a quick look at yields in the bond market.

And I'm Patrick Sarresna. Now Eric let's talk S&P 500. I mean just keeps crawling higher

but it's been so trade range bound. I mean we had almost three or four closes in a row

that were within a point of each other. It doesn't seem like the market has any momentum

to want to go anywhere. What's your take on all of this? Well honestly Patrick the notion

that the market has no momentum to go anywhere because we haven't had a new all time high

in like almost three weeks now. I think means that we've gotten to the point where this

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