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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 - As the riskiest asset prices rebounded into July, most strategists and investment advisers proclaimed the all-clear (as usual), and bullish sentiment roared back near levels seen at the cycle top in early 2021 (shown below courtesy of The Daily Shot).   This is typical behaviour: market sentiment moves in lockstep with price. As stocks have […]

Juggling Dynamite - This is a teaser preview of the full interview that has not yet been released. Jeremy Grantham, co-founder of the Boston-based investment firm Grantham Mayo Van Otterloo (GMO), predicts a US recession “running perhaps deep into next year.” Grantham says we have entered a period of “moderately higher inflation.” Grantham speaks in an interview taped […]

August 19th, 2023 | China’s Great Slowdown

Juggling Dynamite - A glut of Chinese homes and goods, with falling domestic consumption, suggests less demand for global commodities and a deflationary impulse through the rest of the world. China’s momentum is fading after decades of supercharged growth. A much anticipated post-pandemic recovery appears to have flopped, with data flashing warning signs across the economy. The government’s […]

Juggling Dynamite - Historical context is critical in assessing where we are in this credit, business and employment cycle. Facts demand sobriety, and the discussion below is lucid. This overall strength in U.S. equities is painting a misleading picture as to where the global economy is heading, especially with the Chinese market indicating signs of a slowdown, David […]

Juggling Dynamite - I am just reading Attia’s latest book, Outlive, and I appreciate the proactive focus on extending health quality rather than just the number of years lived. The good news is that it’s possible to improve our health and fitness as we age. If you’ve been wanting to invest in your health, you probably have so many questions […]

Juggling Dynamite - Chief Strategist of QI Research Danielle DiMartino Booth points out that downward revisions in economic data are revealing the truth about the economy far too late and when few are paying attention. As many hail a new bull market, Danielle sees a number of alarming indicators that are outside the focus of the mainstream media […]

Juggling Dynamite - In the second quarter of 2023, distressed commercial real estate volume grew by $8 billion–the largest quarterly increase since the second quarter of 2020. The WSJ reports that Wall Street firms are raising new funds to acquire office buildings, apartments and other troubled commercial real estate at a fraction of the price investors paid a few […]

Juggling Dynamite - Danielle was a guest with Linda Ward on the CBC Weekend Business Panel. You can view a video of the segment here.  

Juggling Dynamite - Independent measurements and insights (i.e., not coming from investment sales firms) are very rare and valuable. You have to know where to look and also want to see. ECRI’s Lakshman Achuthan updates on the business and market cycle in the segment below, starting at 3:50 on the play bar. MacroVoices welcome ECRI @businesscycle co-founder Lakshman […]

Juggling Dynamite - After past housing bubble peaks in Canada and elsewhere, home prices contracted 25%+ nationally and stayed relatively flat in the following decade or so. That allowed incomes to advance on shelter costs and restore affordability over time. A similar pattern is the base case this time, as well. Much needed. Tony Stillo, director of economics […]

Juggling Dynamite - US household debt has surpassed a fresh record of $17.1 trillion. $12 trillion is in mortgages (more than twice the 2006 bubble top), $1.6 trillion in auto loans, and over $1 trillion in credit card debt, all with the highest interest rates in 22 years and rising unemployment. Courtesy of Bloomberg, the chart below shows the […]

August 9th, 2023 | No Time For Delusions

Juggling Dynamite - Bullish sentiment roared back in the first half of 2023 on the blind belief that low unemployment numbers mean that this time is different and the sharpest monetary tightening in 40 years is not triggering a recession. In reality, changes in unemployment lag behind changes in monetary policy by 12 to 24 months, and mainstream […]

Juggling Dynamite - Canadian banks are offering mortgage rates above 6% for 1, 2, 3, 4 and 6-year terms on new purchases (below via Ratehub). Home equity lines of credit are above 7%. These are historically average mortgage rates. The trouble is that after 13 years of unnaturally low rates (2009-2022), people are carrying debt loads far above the long-term […]

Juggling Dynamite - Each week I hear from people who bought Canadian homes over the past few years–whether as primary residences, secondary homes or rentals–and now they realize that they will need to sell. Most are facing capital losses in doing so, but the cost of continued ownership is simply unsustainable. Some recognize that location changes they made […]

Juggling Dynamite - When it comes to money, because it’s so quantifiable, you’d expect people to make very rational decisions. But they don’t. Because we’re humans, we’re more driven by our evolutionary wiring and our emotions. We make “predictably irrational” decisions, as today’s guest expert would say. Dan Ariely is the James B. Duke Professor of Psychology and […]

Juggling Dynamite - The year-over-year leap in the Fed Funds Rate (inverted on the lower right in orange) is leading ISM new orders down (green line on the lower right). ISM new orders (lower left, in orange, since 2002) lead corporate revenues (green). The chart below, courtesy of Francois Trahan, suggests the trends in motion. Jubilant corporate bond and […]
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