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 335 was recorded on August 4, 2022. I'm Eric Townsend. This episode

of Macro Voices was made possible by respect energy, a leading European trader of renewable

energy and a one-stop shop for all green energy investors. David Hay, the man who coined

the phrase greenflation, is back to join me as this week's feature interview guest. We'll

get an update on the greenflation trend, talk in detail about the formative global energy

crisis and where it's headed, and also discuss equities and precious metals. Then we'll

have an abbreviated post-game segment this week in order to accommodate travel schedules.

We're now in Patrick Sarrezna. Eric, let's jump to the S&P 500. Another week of the market

crawling higher, we're approaching those June highs around 4,200. What do you make of this

market? Well, it's fascinating to me, Patrick. I guess the reason for the spirited rally

we had yesterday was that Nancy Pelosi's visit to Taiwan did not immediately begin World

War III. They didn't shoot down her plane as there had been some threats associated with.

So I guess that was caused for screaming celebration. Now what we've got today is literally

ballistic missiles flying overhead in Taiwan. Chinese live fire drills, including fighter

jets buzzing the country, really trying to intimidate the Taiwanese to punish them for

allowing Nancy Pelosi's visit. Potentially, this could be the pretext for a full-scale

invasion of Taiwan by China. As a result of all that today, the market's down such a small

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