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 Sarrezna.

Macro Voices Episode 2.94 was recorded on October 21, 2021. I'm Eric Townsend. This episode

is brought to you by Abbex Technologies pioneering the design of smarter markets that better serve

the needs of both market participants and society as a whole. And by escrow.com, the world's

most secure online payment system from a counterparty risk perspective because the funds sit in escrow.

Forest for the trees founder Luke Gromand returns as this week's feature interview guest

will discuss the US dollar inflation, what the consequences of inflation will be, and

much more. Then be sure to stay tuned for our post game segment when Patrick has another

of his famous chart decks. And I'm Patrick Sarrezna. Eric, let's get to that S&P 500.

Right up along it's 52 week highs. What's going on? Well, last week it was by the dip and

everybody was saying, but wait, economic fundamentals really don't justify buying the dip and then

you know what? Now we're stones throw away from all time highs. What taper? I guess we forgot

about that taper stuff. I say that this market keeps grinding higher on central bank

largest. It's going to keep going up until it goes down. And of course that's the way

markets always work. It's surprised us at how long it can keep going up. I don't think

there's any reason to assume it's going to change tomorrow. Someday this will come

to a very sad end, but I don't think that day is anytime soon. All right. Well, let's

touch on the dollar, which is consolidating off of its highs. But by no means a breakdown.

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