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 345 was produced on October 13th, 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.

We've got a longer than usual show lined up for you this week, but it's a good one.

First I'll have an update on our recent uranium episode. Then Triss' chief economist Daniel

Lacay returns as this week's feature interview guest. Folks, we really are looking for experts

who disagree with me about how bad the macro outlook is, particularly in Europe, but I'm

afraid you're not going to hear much disagreement from Daniel Lacay, who says the dire economic

situation in Europe is entirely the making of EU policy makers, not Vladimir Putin.

And I'm Patrick Sarresna. Listeners, be sure to stay tuned for our post-game segment

after Eric's feature interview with Daniel Lacay when Eric, Nick and I discuss the

S&P 500's reaction to inflation numbers and touch on the technicals on oil, gold, and

the dollar. Now, Eric, before we move on to the feature interview with Daniel, let's

cover crude oil. EIA inventory was delayed a day this week and hasn't been released

when we recorded this week's podcast, so we'll skip the inventory data this week. What

else is going on in the oil markets?

Patrick, the news has been coming in waves and last week the big story of course was the

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