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Danielle Park

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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

Juggling Dynamite - This presentation is effective on the topic of electric versus internal combustion vehicles and, starting at 8:00 on the playbar, advancements in battery power storage and weight. Here is a direct video link.

Juggling Dynamite - As we discussed in our May 2019 client letter The Next Big Shift available here, in the early-ages, horses were the transportation of nobles and people of means, while everyone else had to walk or be pulled by oxen-cart. By the late 19th century, however, the use of horses for all things transport became pervasive and […]

Juggling Dynamite - As indebted, aging consumers naturally pull in consumption and look for ways to lower living expenses (see The American Consumer needs some help), GDP and job growth is booming in the renewable energy sector. Importantly, a report by the International Renewable Energy Agency (IRENA) finds that unsubsidized renewable energy is now most frequently the cheapest source of energy generation and expected […]

Juggling Dynamite - Hakan Samuelsson, CEO of Volvo Cars, talks about the newly-unveiled fully electric cars, its further plans of reducing the company’s and the supply chain’s carbon footprint, and what’s next on the road to achieving its 2025 goals. Here is a direct video link.

October 18th, 2019 | Global Recession Warnings

Juggling Dynamite - As manufacturing slumps around the world, China reported an ‘official’ third-quarter GDP growth rate of 6% today–the weakest in about 30 years.  Consumption made up a record 60.5% of that growth compared with 55.3% in the first half of the year.  This compares with consumer spending making up roughly 70% of US GDP. But with unemployment now […]

Juggling Dynamite - The Euro and British Pound as well as stock futures are higher this morning, as traders leap on another headline that the UK has come to an agreement with the EU on the UK’s orderly exist from the European Union.  The ‘deal’ now goes to a vote in the UK parliament on Saturday.    As we […]

Juggling Dynamite - Gary Shilling, president of A. Gary Shilling & Company, explains why he thinks we’re close to a global recession and investors should start to short the S&P 500. Here is a direct video link. Good economic overview in this segment.  Take away re cycle tops: “when it’s obvious, it’s over.”  On the if this market cycle ‘is average’ […]

Juggling Dynamite - From 2001-08, financial speculation and a manic belief in insatiable demand helped oil prices leap six-fold and the economy of Fort McMurray, Alberta, boomed, with many knock-on effects through the broader Canadian economy. After the bust, Fort McMurray residents have been paying the price for misplaced confidence, debt-fueled spending, and a backward-looking concentration on energy, […]

Juggling Dynamite - Each week I encounter nice people with deeply flawed retirement plans.  Many have been aided into misguided thinking by financial-sector marketing and salespeople, planners, even their accountants.  This is a problem because faulty assumptions in money management tend to end in a nightmare.  Working with sober return and withdrawal expectations is the best antidote, and […]

Juggling Dynamite - Each week I encounter nice people with deeply flawed retirement plans.  Many have been aided into misguided thinking by financial-sector marketing and salespeople, planners, even their accountants.  This is a problem because faulty assumptions in money management tend to end in a nightmare.  Working with sober return and withdrawal expectations is the best antidote, and […]

HoweStreet.com Radio - Humanities Degrees help with Tech’s need for creativity

Juggling Dynamite - Good discussion on investment and economic risks in Canada today. Real Estate, Personal Debt, and Recession Indicators with Ben Rabidoux – Debt Free In 30 – A Personal Finance Podcast – Ep 266. Is a recession coming? Are private lenders replacing bank mortgages? And is that causing more risky investments? On today’s podcast, our guest […]

Juggling Dynamite - As I have been pointing out for a couple of decades now, aggressive risk-taking and unsustainable return assumptions in retirement plans and pension funds are a reliable recipe for disappointment and financial hardship. The trouble is it can take years before the inevitable becomes obvious, and by then it is often too late to make […]

Juggling Dynamite - The discussion below with Campbell Harvey is insightful. The ‘could this time be different’ questions are common, but in reality, GDP growth is routinely revised lower months and years after initial estimates, so the fact that recent quarters have reported still positive GDP growth to date, does not mean that a recession may not be already here […]

Juggling Dynamite - Excellent article in the Globe today on the opportunities urging Canada to evolve with the modern world.  There’s good growth here, if we can see it.  The price for resisting this turn–as many others have learned before us– is economic hardship and lost income.  If we embrace the evolution and position ourselves to benefit, the […]

Juggling Dynamite - Canada’s TSX stock index (which most Canadian funds and managers are designed to track up and down) peaked in September of the 1990 to 2000 expansion cycle. Then it crashed 50% over the next two years, recovered into June 2008, and crashed 50% a second time in the 2008-09 cycle.  Though it rebounded into 2014, […]

Juggling Dynamite - The third quarter saw a 14% drop in Manhattan property sales.  Some of the weakness is attributed to a fall in foreign buyers and a new “mansion tax” on apartments over $2m which came into effect July 1st and pulled some transactions forward into the second quarter.   As prices soften though, the supply of […]

Juggling Dynamite - This morning we have further confirmation of the global downturn spreading with the US ISM manufacturing index contracting to 47.8 in September (50.1 was the consensus expectation); the second month in a row that the reading was under 50 (49.1 in August).  This was the steepest contraction in this reading since the last recession in […]

Juggling Dynamite - Dairy farming is one of Canada’s largest agricultural sectors and in the top two agricultural commodities in seven out of ten provinces, Quebec and Ontario being the largest producers.    In 2017, the sector contributed approximately $18.9B to Canada’s GDP and approximately 215,000 full-time equivalent jobs. On average, two-thirds of Canadian dairy produced is sold as […]

HoweStreet.com Radio - Old fashioned production attitudes won’t cut it in the future

September 25th, 2019 | Important Book: Lords of Finance

Juggling Dynamite - I recently finished reading Lords of Finance by Liaquat Ahamed. Published in 2009, the book details the rise and fall of central banks in the western world from the early 1900s through the end of the Second World War.  More than 500 pages, it offers a detailed account of the personal relationships and policies which have shaped […]

Juggling Dynamite - Canada has a low-household-savings, stagnant income, high debt, aging boomers, slowing economy problem.  The Bank of Canada will no doubt cut its policy rate soon but in present conditions, more consumer debt-stimulus will not help.  Pushing lines of credit and housing prices a little higher is not going to aid what’s binding here.  Doubling down […]

Juggling Dynamite - Hard assets like gold and silver bullion have always been negative-yielding once owners pay for insurance and storage. Real estate is often negative-yielding when it does not generate income sufficient to pay for its carrying costs. Stocks and corporate bonds are always at risk of negative yields when their value can fall more than any […]

Juggling Dynamite - Years of poor money habits and destructive financial advice have taken a toll on the majority of Canadian households.  This is particularly evident for the over-50 crowd, where high living costs, coupled with insufficient savings, low-income yields, risky-investment products, lax-lending and longer life expectancy, have proven a toxic mix. As stock and corporate bond-based retirement […]

Juggling Dynamite - As the US Fed debates its next rate announcement tomorrow, a liquidity crunch in overnight lending rates in the repo market prompted the NY Fed to inject $53m into the US banking system today.  See: Unhinged Money Markets trigger Fed action to alleviate stress. Rate spikes threaten to spread and push up borrowing costs for companies […]
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