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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

September 6, 2016 | Over-Cpacity Chaos is Global

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Seventeen years of continually and recklessly stomping on credit creation to goose consumption has purchased massive mal-investment, over-capacity, excess supply and now a period of falling demand and rising bankruptcies. This is worldwide, and we have an army of financial prestidigitators to thank for the downsizing, mean reversion, losses and write downs that follow next.

Basil Karatzas, CEO of Karatzas Marine Advisors, on Hanjin Shipping Co.’s bankruptcy protection filing. Here is a direct video link.

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September 6th, 2016

Posted In: Juggling Dynamite

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