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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 - I, and others, have written for years about the charlatan that is Kevin O’Leary. You can see some of my past articles here and here. The latest FTX scam is just another installment. The story of Sam Bankman Fried & FTX is far from over and it has become wilder and wilder the more I dig. But I […]

November 22nd, 2022 | Capital Goes Poof

Juggling Dynamite - Last November, the global market value of crypto assets amounted to $3.2 trillion (FT Wilshire Digital Asset Index). Today, it is something less than $ 861 billion. In other words, the 73% loss in the crypto and NFT (non-fungible token) space in one-year is, so far, nearing $3 trillion and about 38% of the $8 […]

Juggling Dynamite -   Last week, the entire US yield curve inverted (a diffusion index of all spreads is shown below via ISABELNET.com since 1981), with the one-month Treasury yield rising above the 30-year Treasury yield. The spread on two and 10-year Treasury bonds widened to -71bp–the most negative since before the double dip recession of the early 1980s (shown below […]

Juggling Dynamite - Private equity firms and funds have doubled down on the realty space during the low-rate boondoggle of the last decade. As usual, this led to a massive surge in supply and leverage as most forgot (or never realized?) that real estate is a cycle. Now pounds of flesh are due. In 2021, the tech sector […]

Juggling Dynamite - After 26 years with a front-row seat in the revolving door, wild-west finance sector, I am not surprised at the unfolding crypto-doom; neither am I confident that better public protection policies will follow, nor the disgorging of ill-gotten gains from those who promoted and perpetrated the carnage. I have also long noted that people can […]

November 15th, 2022 | Ponzi central

Juggling Dynamite - Humans seem to be endlessly vulnerable to the lure of easy money. Harder to accept, however, are those educated and trained to be professional money managers who still throw cash at charlatans and ideas with non-sensical valuations. When elders fail to lead, chaos grows. The segment below highlights the blatantly obvious mania that has piled […]

November 9th, 2022 | Cryptodoom and AirBnBust

Juggling Dynamite - The policy-induced everything bubble is imploding globally, as it must. Overnight, we see contagion from highly levered Ponzi schemes in the crypto space as liquidity evaporates and panic justifiably spreads. Many naked emperors will be exposed here. Grandaddy Bitcoin (shown below) has tumbled to the lowest price since November 2020. See. Crypto markets tumble to a 2-year low […]

HoweStreet.com Radio - Bitcoin seeing an old fashioned “Bank Run”

Juggling Dynamite - The midterm election is historically a negative for the president’s party, and this year is expected to be no different. Exit polls suggest that Republicans are poised to sweep the House and the Senate in today’s mid-term. Bulls insist that this outcome would be a positive for equity markets regardless of the macro backdrop. Thinking […]

Juggling Dynamite - Unverified online posts about the potential reopening of China continue to inspire periodic rebounds in commodity and stock prices. After nearly two years of disappointment and $6 trillion of losses, last week, Chinese stocks soared on frenzied speculation that a bottom has finally arrived. Then, on the weekend, bullish dreams were dampened once more as Chinese Health officials […]

Juggling Dynamite - Danielle was a guest with Rubina Ahmed-Haq and host John Northcott on the CBC Weekend Business Panel today. You can watch a video clip of the segment here.

November 3rd, 2022 | What Went Up Must Come Down

Juggling Dynamite - Yesterday, Fed chair Jerome Powell reiterated his commitment to combating inflation (lagging indicator) at the expense of economic growth, employment and asset prices (leading indicator). Stocks didn’t like the message. In an abrupt reversal, every market sector tumbled into the close, with 474 of S&P 500 members ending in the red. There’s a point of […]

Juggling Dynamite - Eric’s presentation illuminates the components of housing supply and how it impacts prices. The Housing Shortage has been one of the most popular stories in real estate and the economy over the last year. You see headlines about the lack of inventory driving up home prices everywhere you look. Many said home prices would not […]

November 1st, 2022 | And So The Cycle Goes

Juggling Dynamite - Canadian monthly home sales in September were -32% year-over-year and 12% below the pre-pandemic 10-year average for September (chart below since 2007 courtesy of Martin Pelletier). October sales appear to have been worse. Many who bought properties during the 2020-2022 frenzy are now underwater in terms of resale value. Others refinanced existing properties to extract equity […]

Juggling Dynamite - In the video, we will analyze economic data that could predict the coming housing crash. We will look at monetary liquidity, mortgage rates, home price-to-income ratios, builder sentiment, and more to determine a probable path forward for the U.S. housing market. The headwind facing further central bank hiking is that the global credit impulse (movement […]

Juggling Dynamite - Too loose for too long, central banks have responded to lagging inflationary pressures in 2022 with the sharpest six-month tightening cycle on record. The Bank of Canada (BOC) was in the batter’s box this morning and after raising its policy rate to 3% last month from .25 in January, had telegraphed another +.75bps for today. […]

HoweStreet.com Radio - Household debt, mortgage foreclosures, China home prices

Juggling Dynamite - Subprime loan delinquency rates are higher than the 2008 recession levels today, with unemployment still near all-time lows and the layoff cycle just beginning… Danielle DiMartino Booth, CEO and chief strategist of Quill Intelligence, joins Jack Farley to ring the alarm bell about the housing and auto markets, which by her reading of the data […]

Juggling Dynamite - Danielle was a guest with Elmer Kim and host John Northcott on the CBC Weekend Business Panel today. You can watch a video clip of the segment here.

Juggling Dynamite -   On today’s episode of “On the Margin”, Eric Basmajian, Founder of EPB Macro Research joins the show for an update on his “Four Stages of An Economic Slowdown” episode of On The Margin released in April of 2022. Here is a direct video link.

Juggling Dynamite - The US National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), designed to gauge market conditions, fell to 38 in October from 46 in September, now 50% lower than it was six months ago (below 50 is considered negative), and the largest year over year decline in history. Builders cite higher interest rates […]

Juggling Dynamite - As shown below, since 1999, courtesy of The Daily Shot, the US 10-year minus 2-year Treasury bond yield spread at -.52 last week was the most negative since the onset of the 2001-02  and 2007-09 US recessions. An imminent recession is also predicted by Bloomberg probability models that now forecast a 100% likelihood of a US […]

Juggling Dynamite - Easy credit and speculative frenzy enabled an extended bull market in fraud. As financial liquidity retreats a plethora of reckless and illegal activities are being laid bare. We go undercover to investigate mortgage brokers and real estate agents perpetrating mortgage fraud for a fee, securing commissions by submitting fake documents for approval. Here is a direct […]

Juggling Dynamite - EPB Macro does an excellent job of summarizing key trends in economic and market data. The latest Monthly Cyclical Trends Update: October 2022 is out today for subscribers only, but Eric has generously allowed me to share the video overview with my readers below. Twenty-one minutes worth watching. The [Monthly Cyclical Trends Update] is a once-per-month, […]

Juggling Dynamite - Yesterday, Canada’s TSX stock index closed at 18,215, breaking below its previous July low of 18,329. As I noted in Tech leading lower, the February 2020 high of 17,944 is the next price test on deck for the TSX. As of today’s open, the Canadian benchmark is -18% since March and just 1.5% above where it […]
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