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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

June 2nd, 2023 | Mind The Pause

Juggling Dynamite - Last night a debt-ceiling bill passed in the US House of Representatives and is expected to clear the Senate within the next day or two. Unsurprising, they have passed over 100 of these increases in the last 80 years. More significant is the contractionary impact on the money supply. Over the past five months, the […]

Juggling Dynamite - In 2020, Greater Toronto Area condo investors who bought a unit with a mortgage cleared $63 a month in net rent, on average (before any needed repairs). In 2022, they lost $223. Fourteen percent of condo owners lost $1,000 or more monthly (CIBC report). Parsing the numbers further, in 2022, more than 80% of resale […]

HoweStreet.com Radio - Is AI mania distracting from stock market problems?

Juggling Dynamite - David Rosenberg, Rosenberg Research founder and president, joins ‘Fast Money’ to discuss why he thinks the A.I. boom is distracting investors from recession risks. Here is a direct video link.

Juggling Dynamite - Last week, Costco joined the long line of retail bellwethers sounding the alarm on recessionary trends in consumer spending. It’s everywhere. It’s everywhere. See What Costco’s baskets reveal about consumer finances, to wit: The latest evidence came from Costco whose average customer tends to be higher income. The retailer on Thursday said comparable sales excluding fuel in constant […]

Juggling Dynamite - The latest CMHC report notes that Canadian household debt totalled 107% of the country’s economic output at the end of 2021–the highest of any G7 country–and up from 95% in 2010 and 80% in 2007. Household debt has risen since 2021 and amounted to 180% of disposable income at the end of 2022. Mortgages account for some […]

Juggling Dynamite - Danielle appeared on CBC’s Weekend Business Panel talking about the CMHC report on Canadian household debt levels, AI mania and the US debt ceiling. Here is a direct video link. 

Juggling Dynamite - For those that want to skip to the bottom line, a discussion of the latest money flow data begins at the 29-minute mark on the play bar. Dr. Lacy Hunt and I discuss how excessive debt never ends well. Additionally, we explore the history and current structure of debt and interest rates relative to the […]

Juggling Dynamite - In the latest AI-driven chapter of mania, chipmaker Nvidia has leapt 186% year to date and is trading about 15% above its November 2021 top. At less than $50 billion in expected 2023 revenue and a current market cap of $1 trillion, the stock is trading about 44x expected sales. Pure madness. There’s no math […]

Juggling Dynamite - Will Debt Debate Finish the Fed’s Inflation Battle? — DiMartino Booth joins Charles Payne of Fox Business News to discuss. Here is a direct video link. As shown below, inflationary pressures have come off hard year over year (Trueflation data here). As monetary and fiscal forces contract, recession, rising unemployment, excess supply, and overcapacity are formidable […]

Juggling Dynamite - The median new US home in April sold for $420,800 -15% lower than the peak last October. Less spending is evident in home improvement spending too. Yesterday, Lowe’s joined Home Depot in announcing a year-over-year decline in same-store sales (the first since 2009) with a marked fall-off in big-ticket purchases. Higher interest rates and falling […]

Juggling Dynamite - Some property owners are defaulting on mortgages because they lack the cash flow to make payments; others are defaulting to cut investment losses and hand properties over to lenders. See, Top property owners are credit-worthy–they might default anyway: “The thinking was that the institutions would be the last to give the keys back, but it may […]

Juggling Dynamite - The segment below offers interesting insight into the Chinese real estate cycle as the easy credit era ends. Similar trends are happening around the world, all at the same time. The May Day Golden Week used to be one of the peak seasons for real estate sales in China. However, this year’s May Day holiday […]

Juggling Dynamite - Historically it has been typical at the beginning of real-estate downturns for listings to decline as owners try and extend loans rather than sell properties at lower prices. That has happened over the past year with residential and commercial properties. At first, this suppresses inventory for sale and reduces price discovery, stalling the clearing process. […]

Juggling Dynamite - In Ontario, the general minimum wage, including liquor servers, bartenders and waiters, is $15.50 per hour. In some areas of the US, the minimum wage for tipped services is, unbelievably, $2.13 per hour, the same minimum that was established in 1991. Tipping in the United States is on the rise, and experts are calling it […]

HoweStreet.com Radio - People still putting their money in the wrong places.  Link to Charts.

Juggling Dynamite - The May 2023 Dallas Fed bank credit survey results were just released, and the data is recessionary. It’s not just consumer credit that’s in decline. Commercial and industrial loans have contracted at a 14% annualized pace since mid-March and loans to commercial real estate at a -4% annualized rate. See Banking outlook continues to deteriorate amid further […]

Juggling Dynamite - The segment below offers a good big-picture overview of the interplay between incomes, consumer spending, economic growth and home prices. Canadian data looks worse than the US, but, so far, Canadian banks have allowed negative amortization to compound principal higher where payments are insufficient to cover principal and interest payments.  Many variable-rate borrowers have had […]

Juggling Dynamite - Baby boomers and two decades of rock-bottom interest rates drove a structural boost to housing demand as older buyers/investors sought bigger homes as well as recreational and rental properties. As interest rates have risen and boomers die off, the question is who will buy from them and at what price? The pandemic and a shortage […]

Juggling Dynamite - Pandemic-era debt deferrals, government handouts and easy credit all worked to kick insolvency problems down the road. Now many are out of extend and pretend options. Doug Hoyes, co-founder of Hoyes, Michalos & Associates, joins BNN Bloomberg to discuss the record number of consumer proposals in Canada. He says that the upward trend in insolvency […]

Juggling Dynamite - A paper from the Swiss Finance Institute‘s working paper series tracked data from more than 29,000 finfluencers on financial social media site StockTwits and came to some predictable conclusions. Those with the least skill tend to be the most followed. The democratization of finance? Not so much; see, Investors flock to loudest, least skilled voices on social […]

Juggling Dynamite - Eyes on the recessionary bear prize. Valuable investment opportunities are in the making. Peter Boockvar, Bleakley Financial Group CIO, joins ‘Squawk Box’ to discuss the results from the Fed’s quarterly Senior Loan Officer Opinion Survey, and why a recession is likely unavoidable. Here is a direct video link. The chart below shows the Senior Loan Officers Survey […]

Juggling Dynamite - Three-quarters of NASDAQ companies have reported Q1 2023 earnings thus far, and the aggregate year-over-year EPS decline is 10.2%. After rebounding 17% year to date, the NASDAQ remains -23.4% from its peak in November 2021, and the average individual brokerage portfolio is down 27% over the same 17 months. Canada’s S&P/TSX Composite is expected to […]

Juggling Dynamite - Danielle DiMartino Booth, CEO and chief strategist at QI Research, returns to Forward Guidance to share her thoughts on May 3rd’s Federal Reserve’s meeting of the Federal Open Market Committee (FOMC) as well as the ongoing issues at several regional U.S. banks. Here is a direct video link.

HoweStreet.com Radio - Are Canadian and European Central banks making rational decisions?
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