MacroVoices #475 Daniel Lacalle: Is This The End of The Monetary System As We Know it?

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 17 April 2025

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome, Daniel Lacalle. They’ll discuss Trump Tariffs as the European investment community sees them, and discuss whether this is the dawn of a new age in terms of monetary and economic policy cooperation between the United States and Europe. https://bit.ly/43XhGUI 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/42Cijkj ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4cMmu0d 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Transcript

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0:00.0	This is Macro Voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices, and other sophisticated investors.
0:18.9	Macrovoices is all about the brightest minds in the world of finance
0:22.6	and macroeconomics telling it like it is, bullish or bearish, no holds barred. Now, here are your
0:29.2	hosts, Eric Townsend and Patrick Suresna. Macrovoices episode 476 was produced on April 17th, 2025.
0:40.2	I'm Eric Townsend.
0:41.7	Tress' chief economist and fund manager, Daniel LaCalle, returns as this week's
0:45.9	feature interview guest.
0:47.1	We'll look at Trump's tariffs as the European investment community sees them, and we'll
0:52.8	discuss whether this is the dawn of a new age in terms of monetary and economic policy cooperation between the United States and Europe.
1:01.8	And I'm Patrick Suresna with the macro scoreboard week over week as of the close of Wednesday, April 16th, 2025.
1:09.7	The S&P 500 indexed down 334 basis points trading at 5275.
1:16.2	The market continues to consolidate after an extraordinarily volatile start to April.
1:22.2	We'll take a closer look at that chart and the key technical levels to watch in the postgame segment.
1:28.0	The US dollar index down 352 basis points to 9928.
1:33.7	The dollar selling continued last week, driving a drop below the lows of the past few years.
1:39.7	The June gold contract up 867 basis points to 3346, an all-time high as gold upside has accelerated
1:49.7	into a parabolic advance. The May copper contract up 1169 basis points, trading at 468. The bounce is
1:59.1	underway after a shocking two-week decline. Uranium, up 101 basis points, trading at $4.668. The bounce is underway after a shocking two-week decline.
2:02.2	Uranium, up 101 basis points, trading to 6505, and that U.S. 10-year treasury yield,
2:09.3	down one basis points, training at 432.
2:12.5	The key news to watch next week is we have the Flash Manufacturing and services PMIs, and then we go deeper
2:19.2	into the heart of earning season. This week's feature interview guest is Truss's chief economist
	...

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