- the source for market opinions


November 9, 2016 | Status Quo Policies Trumped

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( 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:

The majority has spoken in America and, as in Britian’s Brexit vote, it has rejected the status quo preference for business as usual. No doubt, Trump seems as disreputable as Obama seemed inspiring in 2008. Still as a leader, Obama has been wholly ineffective at breaking up the log-jam of largesse to corporations that has stifled essential reform and evolution for the past 15 years. Yes Trump appears repugnant. And he could still be the leader America needs today. It didn’t have to be Trump as change agent, it could have been Bernie Sanders. But Democratic power brokers wouldn’t let the people have Bernie on the ballot. In their efforts to control outcomes, they have now been trumped by the unstoppable insistence on change, for better and for worse.

As for the economy, present challenges have been earned over 20 years of reckless, near-sighted policies. The world is due for the next recession and bear market in financial assets, no matter what government had prevailed last night. The truth is that the global economy hit a secular breaking point in 2008 as the consumer debt bubble burst in America. Since then we have lived through 8 years of extend and pretend policies that have only purchased an even deeper cycle of mean reversion, consolidation and write-offs. When in hell, we must keep moving: admit, repent and reform to recover.

In the end, change comes from ground up behavior shifts in individuals, their families and communities. We each must lead the change we wish to see. The responsibility and long-term rewards are ours alone. And because of that, there is great reason for optimism.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the Weekly Recap.

November 9th, 2016

Posted In: Juggling Dynamite

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site


This site uses Akismet to reduce spam. Learn how your comment data is processed.