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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 - Today as the Bank of Canada follows other G7 nations in slashing its policy rate to the .25% low of the 2008 financial crisis, it also expanded its bond-buying programs to include the recently frozen commercial paper market.  Borrowing costs for corporations at record indebtedness have spiked just as revenues are vaporizing–this is not a […]

Juggling Dynamite - Our neighbour is a plastic surgeon with a busy cosmetic practice; his licence plate reads “DOIT4U’. It’s become something of a punchline at our house when commissioning our kids, home from school for the summer, to help with jobs around the house. ‘Do it for you,’ we joke. In reality, of course, there is a legit […]

Juggling Dynamite - Global risk markets have experienced the steppest 30 percent decline in history over the last month.  We should expect to see some big reversal rallies punctuating the downtrend–even while the trend continues down. Today, as algos key on the promise of a big US federal aid package and a G7 pledge to do “whatever is […]

Juggling Dynamite - A study published in the Journal of the American Medical Association in 2018 found that a sudden loss of wealth—negative wealth shock—can trigger health problems and reduce longevity. With limited years remaining to regain losses in older age, researchers noted that the health consequences of such shocks can be long-lasting.  The effect was most marked if […]

Juggling Dynamite - As I have noted many times, the seeds of financial crisis and panicked liquidation have been sown through the last decade of reckless lending, borrowing and price-indiscriminate asset-buying.  Highly indebted companies, households and speculators were already cash-strapped before the coronavirus shutdown. This clip from BC real estate analyst Steve Saretsky notes some key impacts moving […]

Juggling Dynamite - Worthwhile discussion in this 1-hour clip from two other people who also do their daily measuring work, and so, also saw this bear market coming. Global markets are in an historic tailspin and it doesn’t look like it’s going to get better anytime soon. You don’t need us to tell you that. What you may […]

Juggling Dynamite - Yesterday, we sent a note to our clients acknowledging the stress of our present times and wishing them good health. We also noted that their accounts with us have been rising in value throughout, and although not there yet, we are optimistic about the progress underway toward our price targets on corporate assets we’ve been […]

March 19th, 2020 | Will Bear Market Continue?

HoweStreet.com Radio - Too early for buying opportunities?

Juggling Dynamite - As risk-markets tank worldwide, the Canadian TSX has followed suit with a loss of 30% in less than a month and is already back fathoming the 12,400 level it first reached in December 2006–more than 13 years ago.  This is a good start. The TSX is now just 9% higher than where it topped in […]

Juggling Dynamite - It is a classic financial error to put funds that are needed for operating expenses, or a capital purchase like real estate, or another asset, into publicly-traded financial products like equities, corporate debt (or funds and ETFs of them). Unfortunately, many people have been foolishly doing this in recent years, and now, as financial markets […]

Juggling Dynamite - A big bounce this morning affords another opportunity to review capital risk for the masses who have come into this downcycle imprudently exposed, unprepared and illiquid. The damage of the past week has been dramatic and widespread and the knock-on effects are not yet fully evident for many funds, managers and traders.  Fallout is in […]

Juggling Dynamite - As I have explained repeatedly, COVID-19 is a catalyst, not a cause, of the global financial panic now unfolding. This is no time for irrational responses, but neither is it a time to passively watch risk-exposed life savings plunge. It is never too late for sober review and wise choices. If you would like me […]

Juggling Dynamite - As I explained in February, coronavirus is a catalyst not a cause of a much-deserved and synchronized repricing in global asset markets.  If you thought rising corporate security prices the past couple of years were justified, but that recent declines are ‘irrational’, you’ve missed the plot here.  If your financial adviser or manager is telling you this, […]

Juggling Dynamite - When it comes to rising profits and asset prices, financial leverage (credit) often looks genius on the way up, then reckless and financially suicidal as trends reverse. Highly levered companies, households and investors have less ability to ride out income reductions and falling prices before a cash crunch threatens their ability to meet payments and […]

Juggling Dynamite - Dr. Hunt of Hoisington Management is one of the rare seasoned analysts who’re both independent (not paid to sell corporate securities to the public) and disciplined in his macro measurements. This video discussion (taped on February 7) offers many useful insights and context for our present conditions and likely next developments. Since the Federal Reserve […]

Juggling Dynamite - Stocks bounced sharply yesterday after February’s drubbing. If you were shaken by losses in February and elated yesterday, your portfolio is not ‘defensive’ or well managed, and now would be another good opportunity to fix that. It’s typical of momentum-easy-riders to take credit for gains on the way up and then distance themselves from any […]

HoweStreet.com Radio - Corona virus last straw for an already weak Canadian economy

Juggling Dynamite - The idea that central banks are at the end of once-in-a-generation asset inflation tricks is, understandably, terrifying long-always allocators and the corporate-sponsored media. In this clip, panic in the hosts is palpable.  Those with financial and investment discipline, on the other hand, welcome downcycles as a much needed ‘value restoration project.’ Just a few months […]

Juggling Dynamite - Our weekend business panel discusses the plunge in global markets this week as the COVID-19 outbreak spreads around the world. Plus, a look at the impact of the rail blockades on the supply chain in Canada.  Here is a direct video link.

Juggling Dynamite - Falling global growth and risk-appetite are boosting the price of our bond holdings and driving down interest rates further on safety-seeking capital flows.  At this late point in hyper-extended credit and market cycles, more rate cuts and quantitative easing are likely to boost bonds further, but not avoid an overdue bear market in stocks.  Sri-Kumar […]

Juggling Dynamite - No one knows how long and wide the coronavirus goes.  In a best-case scenario, it’s contained over the next few months. What we know for sure, however, is that global growth and many businesses and governments are taking a big unexpected revenue hit in 2020. This will be hard to absorb because debt levels are […]

Juggling Dynamite -   Years of speculative fervour, enabled by central banks, have made scams plentiful today.  Sadly, wilfully blind victims often play a leading role in their own losses. Get independent opinions! Investor money ensnared in alleged Ponzi schemes has hit its highest level in a decade, leading to concern that a booming stock market and de-regulatory […]

Juggling Dynamite - Well before coronavirus, the world economy was in a cyclical slowdown amid record indebtedness and the most overvalued, highly levered, complacent and passively allocated asset markets in history. This was always a house of cards looking for a nudge. An extended shutdown of China–the world’s second-largest economy driving a third of global GDP with knock-on effects through […]

Juggling Dynamite - The 2020s mark the third decade of a third industrial revolution in the global economy, and massive capital investment and efficiency improvements are necessarily underway. The financial presumptions used in 2030 are likely to look very different than those of 2020. Most households and businesses are ill-prepared for the changes afoot. This is true of […]

Juggling Dynamite - Some argue that the transition to renewable energy and environmental sustainability is a non-financial topic.  In fact, both are fundamental to financial, social and economic viability.  The ‘smart money’ understands that. “Every major company needs to have a strategy for net-zero,” says Mark Carney, the next UN Special Envoy on Climate Change, “the smart money […]
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