ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
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
October 31st, 2025 | How Will AI Pay Our Bills?
Juggling Dynamite - The US central bank cut its policy rate on Wednesday, and US mortgage rates rose. Layoffs are surging, and loan delinquencies are driving a repo boom not seen since the 2009 recession. See, We Spent the Night Shift With the Repo Man, Who Is Busier Than Ever: An estimated 1.73 million vehicles were repossessed last year, the […]
October 29th, 2025 | Layoffs Spreading Even with Financial Conditions Ultra-Easy
Juggling Dynamite - Nearly 2 million Americans have been unemployed for 27 weeks or more, according to recent federal data, and layoffs are growing daily as companies look to slash overhead. Amazon said this week it would cut 14,000 corporate jobs, with plans to eliminate up to 10% of its white-collar workforce. United Parcel Service said it had […]
October 28th, 2025 | Private Credit Winter
Juggling Dynamite - As banks blew up in 2008, they pulled back from high-risk lending. Private equity (PE) funds filled the void, raising capital from investors to buy all manner of companies, while private credit funded the companies that were acquired. Today, some 70–80% of private credit loans are to PE-sponsored companies. Both PE and private credit raise capital […]
October 27th, 2025 | TM: Every Bubble Bursts
Juggling Dynamite - Tough to get a word in edge-wise with David, but this segment is rich in economic insight. It’s easy to feel confused these days. With the stock market at all-time highs, some analysts predict this bull market has a lot longer to run as the business-friendly policies of the new Administration start adding tailwinds to […]
October 24th, 2025 | Another Word To The Gold Bugs
Juggling Dynamite - Investment sales Hoorang can be hard to resist, but self-preservation requires that we do. Never more than amid today’s everything bubble, where mania has ballooned the pricing of many assets all at once, from stocks to high-yield credit, private equity, credit funds, real estate, crypto, and precious metals. I have long said that people should […]
October 23rd, 2025 | DDB on Dash for Cash Catalysts
Juggling Dynamite - The financial system is sending out a major distress signal. While stocks hover near all-time highs, former Federal Reserve insider Danielle DiMartino Booth warns that a systemic liquidity crisis is already here, and it will force the Fed to abandon its inflation fight. In this interview, the CEO of QI Research tells Kitco News’ Jeremy […]
October 22nd, 2025 | Record Capital Risk
Juggling Dynamite - Most retirement accounts and investment portfolios are designed to track broad stock indices like the S&P 500, but under the hood, there’s much less diversification than imagined. One chip company, Nvidia, accounts for 7.3% of the S&P 500 market capitalization; the three most expensive companies—Nvidia, Microsoft, and Apple—comprise an unprecedented 21% of the index (chart […]
October 21st, 2025 | Geothermal Heat Going Mainstream in Toronto
Juggling Dynamite - Renewable energy systems keep gaining market share, because there are many different solutions for different applications and they keep getting cheaper and cheaper as well as being cleaner, more efficient, safer and smarter than traditional sources. Good news! Read Inside the deal that’s making geothermal heat go mainstream in Toronto. Here’s a taste: “We can get […]
October 18th, 2025 | Danielle on CBC Weekend Business Panel
October 17th, 2025 | Some Historical Context
Juggling Dynamite - This video offers a worthwhile summary of current conditions and parallels with the past. The more things change, the more human behaviour stays the same.
October 15th, 2025 | The Compound Cost of Policy Errors Around Immigration and Housing
Juggling Dynamite - A couple of must-read articles from the Globe this week examine Canada’s policy errors around immigration and housing–two tangential, interconnected themes with far-reaching impacts for our economy, present and future. See, How Canada got immigration right for so long–and then got it very, very wrong: Canada conducted a decade-long experiment. The experiment’s principal investigator was the […]
October 14th, 2025 | Real Estate Bust Has Legs
Juggling Dynamite - The Canadian housing bubble has been deflating since February 2022, and there’s room for it to run. We highlighted the mania and frenzy of financially destructive behaviours in real time, noting that once bubbles pop, property prices typically take years to recover. BMO Senior Economist Robert Kavcic apparently agrees. In a recent note highlighted on Better […]
October 8th, 2025 | Round and Round The AI Mulberry Bush
Juggling Dynamite - OpenAI currently has a market value of $500 billion, with annualized revenue reported at $10 billion per year. It is not expected to be profitable for another 4 or 5 years and is preparing to raise tens of billions of dollars in debt to fund infrastructure plans. Moody’s has recently flagged the extent to which […]
October 7th, 2025 | How The AI Bubble Will Pop and Why We Should All Care
Juggling Dynamite - The AI infrastructure boom is the most important economic story dominating the news. However, the numbers don’t add up, and that realization is starting to spread. Read more in, This is How the AI Bubble Will Pop: Tech companies are projected to spend about $400 billion this year on infrastructure to train and operate AI models. […]
October 6th, 2025 | Consumer Collapse in Motion
Juggling Dynamite - Add leverage and stir has been the recipe for economic expansion at all costs; thus, the seeds of a credit implosion have been planted (again). We reap what we sow, and so it goes. In this episode of The Weekly Wrap, Steve Eisman interviews Lakshmi Ganapathi from Unicus Research. They discuss why U.S. consumers are […]
October 3rd, 2025 | DDB: Economic Cracks are Widening
Juggling Dynamite - Worthwhile macro update in this segment. Danielle DiMartino Booth, former Fed insider and CEO of QI Research, warns that the US economy is deteriorating rapidly with rising unemployment and corporate bankruptcies despite stock markets reaching new highs. Here is a direct video link.
October 1st, 2025 | Economic Hits Keep Coming
Juggling Dynamite - While Washington deflects attention with yet another government shutdown standoff, US economic data deteriorated further in September; see US Consumer Confidence Falls to Five-Month Low on Job Concerns. The latest published U.S. Consumer Confidence (Conference Board) index came in at 94.2, down from 97.8 in August (on the lower left since August 2023). The share of […]
September 30th, 2025 | Pandemic-Era Policies Crashing Down
Juggling Dynamite - The Pandemic policy response saw a frenzied mix of debt forbearance, government handouts, policies aimed at increasing debt to stimulate home buying and speculation, mortgage rates under 2%, and an immigration surge concentrated in a few areas, especially around post-secondary schools. Not surprisingly, as interest rates normalize, immigration slows, and the housing bubble deflates, all […]
September 29th, 2025 | Credit Bubbles Cost Fortunes in the End
Juggling Dynamite - Years of reckless lending and borrowing are nearing another predictable end: surging defaults and losses. As Oaktree Capital Management’s co-chair and credit specialist, Howard Marks, has noted: “The worst loans are made at the best of times,” when credit and optimism are plentiful. While risk-sellers continue to insist that households are in good financial shape (just as […]
September 24th, 2025 | Good News and Bad News
Juggling Dynamite - Institutional exposure to equities is at its highest level since November 2007, and American households’ allocation to stocks has surpassed the 2000 tech-bubble highs. Trading volume on U.S. stock exchanges last week reclaimed last April’s record high. At the same time, as debt prices have soared, the yield reward that investors are receiving from owning […]
September 23rd, 2025 | Canada Paying for Housing Excesses with Interest
Juggling Dynamite - Last week, Equifax Canada reported that 286,000 businesses in this country missed a loan payment last quarter. In the Greater Toronto Area, the number of mortgage lenders repossessing homes and selling them has climbed roughly 60 per cent year over year. Ninety-day-plus mortgage delinquency rates are climbing in Greater Toronto, Greater Vancouver and Canada generally, according to data from RBC. […]
September 22nd, 2025 | Most Have No Idea What’s Happening with Their Money
Juggling Dynamite - At the end of June 2025, the Global Exchange Traded Fund (ETF) industry had 14,390 products, with 28,447 listings, from 876 providers on 81 exchanges in 63 countries (source: ETFGI). As shown below, since 2007, the $16.99 trillion USD of global market value was 5.7x the $2.948 Tn in 2015 and 20x the $831 billion of […]
September 17th, 2025 | High Hopes on Central Bank ‘Fixers’
Juggling Dynamite - Like last September, financial markets have high hopes for rate cuts and dovish comments from the US Fed and Bank of Canada today. Futures markets are pricing 150 basis points of Fed cuts by the end of 2026 (taking Fed policy down to 2.75% to 3%) and 75 basis points from the Bank of Canada […]
September 16th, 2025 | Stock Owners Have Learned To Love The Bomb
Juggling Dynamite - Since 1950, the S&P 500 index has averaged a 5-year annualized earnings growth rate of 7%. Today, S&P 500 pricing assumes a forward 5-year annualized earnings growth rate of 15% (Rosenberg Research). Leveraging this extraordinary optimism, the S&P 500 is trading at more than 23x 5-year forward earnings expectations, some 28% above the longer-term historical […]