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October 29, 2019 | Low Savings and High Debt are Problem without Higher Interest Rates
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
Interest rates are headed lower as the economy weakens, but lower rates will not alleviate the strains that are binding households. Good real-world discussion in this clip.
Household debt levels remain at stratospheric levels, putting some Canadian households in a bind. Here is a direct video link.
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Danielle Park October 29th, 2019
Posted In: Juggling Dynamite