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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 - A survey from rental site Vacasa showed that 90% of summer travelers this year changed their plans for travel to be more budget-friendly, including choosing driving over flying or choosing a cheaper day to travel. At the same time, active US short-term rental listings reached 1.4 million in April 2023, an 18% jump compared to the […]

Juggling Dynamite - Thirteen years of record-low interest rates drove record public and private capital into all forms of real estate and related credit/securities from 2010-2022. Now, sharply higher interest rates and contracting credit on offer are bursting the bubble as forced sales rise. One broker estimates that 90 percent of office buildings in New York were distressed […]

Juggling Dynamite - Nassim Taleb, Universa Investments scientific advisor and author of ‘The Black Swan’, joins ‘Squawk Box’ to discuss the markets and economy, why a bubble is looming, the state of cryptocurrency, and more. Here is a direct video link.

Juggling Dynamite - David Rosenberg, founder and president of Rosenberg Research, joins BNN Bloomberg to discuss U.S. Fed chair Jerome Powell’s latest comments. He says a recession certainly will happen, and we’re at or near the end of the tightening cycle. Here is a direct video link. Caveats noted on the Japan comment: global decoupling is not a thing, […]

Juggling Dynamite - Falling average hours worked is leading consumer demand lower while housing inflation is keeping central banks hawkish for longer than in past cycles. Nasty combo. Chris Harvey, Wells Fargo Securities head of equity strategy, and Frances Donald, Manulife Investment Management chief economist and strategist, join ‘The Exchange’ to discuss the case for a recession in […]

Juggling Dynamite - Near half of all new Canadian mortgages taken out in the first quarter of 2023 had amortization lengths longer than 30 years. In addition, as interest rates have leapt since 2022, a significant number of existing variable-rate mortgage holders have paid less than the interest owing, causing principal balances, repayment years and financial risk to […]

Juggling Dynamite - New data from Equifax shows that in the first quarter of 2023, Canadian businesses increased their credit card balances by 15 percent and lines of credit by 11 percent while the total balance outstanding on bank-issued installment loans fell 2.4 percent. See Businesses’ changing credit usage a “worrying trend”: Equifax. Jeff Brown, head of commercial solutions […]

Juggling Dynamite - Many homes for sale in our area north of Toronto are priced in the $2 million range–many have been on the market for months now. If we do some math, we can appreciate why. Online calculators allow us to model numbers. To buy a $2,000,000 home with 20% down (400k) at a mortgage rate of 4.99% […]

Juggling Dynamite - The latest rebound in equity prices has pulled the S&P 500 and Canada’s TSX back to levels seen two years ago in June/July 2021. In the process, bullish sentiment among professional and retail participants is back to the highest readings since November 2021, and the spike in Google searches for “bull market” (below, since 2018, […]

Juggling Dynamite - There’s a timeless adage that when money is cheap and easy, many people do dumb things with it. When money was free and easy (2010 through 2022), dumb things were all the rage.   In 2021, $346 billion was handed out to startups by US venture capital firms alone, averaging more than $86 billion a […]

Juggling Dynamite - A world of bullish commentators asserts that Fed pauses are positive, even though the worst economic and stock market downturns have always come after the Federal Reserve stops tightening. After ten consecutive rate increases and the sharpest rate of change since 1980–yesterday, Fed Chair Powell announced a “skip” with ongoing quantitative tightening (QT) and possibly […]

HoweStreet.com Radio - Long term high rates would clean out companies that need culling

Juggling Dynamite - Shelter costs account for a whopping one-third of the US consumer price index (CPI). Ex-shelter, the other two-thirds of CPI components deflated 0.1% month over month in May and were a tame +2.1% year-over-year (close to the official 2% CPI target). Higher home and rent prices were significant factors in spiking inflation between 2020 and […]

Juggling Dynamite - May’s US CPI at 4%–the lowest since March 2021–has increased the prospects of a Fed pause tomorrow; a July hike remains possible. But as I’ve pointed out for months, pauses are not bullish; historically, they’ve preceded the steepest part of economic and market downturns. The good news for consumers (but not corporate profits) is that recessions […]

June 12th, 2023 | Full Cycle Bearings

Juggling Dynamite - The S&P 500 is up 11% YTD (below in brown); the Nasdaq nearly 33%; and the TSX is +2.5%. Under the hood, a 53% year-to-date average gain for the seven most expensive US tech companies has done the lifting (in green below since December 2022), while the other 493 S&P 500 companies (in orange) have […]

Juggling Dynamite - With Canada battling horrible forest fires, there is good news: we have solutions to stop compounding the harm. Along with sending well wishes and support to those directly impacted, individuals are each called to evolve and help lead the change. Keeping ourselves apprised of rapidly advancing technology is a first step. The clips below help. […]

Juggling Dynamite - A deflationary recession is the goal of central bank policies today. They’re determined to get there, and they will succeed. Make no mistake. Eric’s update is worthwhile. Eyes on the prize. (You can fast-forward through the channel’s crypto commercials). On today’s episode of On The Margin, Eric Basmajian Founder of EPB Research joins the show […]

Juggling Dynamite - Yesterday, concerned about lagging inflation readings and renewed froth in Canadian housing markets, the Bank of Canada came off its pause since January and announced yet another 25 bps hike. Now at 4.75%, the dramatic 450bps of rate increases since March 2022 are shown below from the BOC website, all in addition to quantitative tightening (liquidity withdrawal […]

Juggling Dynamite - Recession Guessing Game — DiMartino Booth and Charles Payne of FBN Answer Questions. Here is a direct video link. The five most expensive tech companies now comprise 25.7% of the S&P 500 (a record since the infamous Nifty Fifty stocks in 1972). Rebounding 33% year-to-date, the tech-centric Nasdaq 100 (30.51% weighted in information technology companies and […]

Juggling Dynamite - Always a relief to hear an admission that Emperors are naked… If you spend any time reporting on the world of crypto currency and Bitcoin, then you’re going to run across the name Molly White. She’s a software engineer who has been called “the cryptocurrency world’s biggest critic.” Michael Lewis gets her on the line […]

Juggling Dynamite -   BLS estimates (notoriously revised after the fact) boosted the May US job report more than anticipated last week. Under the hood, the actual average work week contracted to 34.3 hours and is back to January 2020 levels. If this contraction is factored into the numbers, Friday’s payroll number was negative 140,000 jobs, not the […]

Juggling Dynamite - Host Ben Mumme is a truly impressive millennial. A former provincial and national water polo athlete, Ben is a college professor, coach, graduate student, and the host and producer of the Living Your Greatness podcast. Ben also authors the weekly Living Your Greatness newsletter focused on wisdom, timeless insights, and inspiring stories of world-class living legends. Go, Ben! […]

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?
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