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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 - Rosenberg Research President David Rosenberg joins ‘Squawk on the Street’ to discuss his economic models, what’s happening in today’s economy, and much more. Here is a direct video link.  The 21.3% increase in US unemployment since 2022 is a degree of change only seen during the past 12 recessions since 1948. But, sure, maybe this time […]

Juggling Dynamite - The same ‘easy money’ policies that enabled excessive spending and mal-investment in real estate fuelled a boom and bust now unfolding in the venture capital and start-up space, as well. This has broader implications for asset prices, lenders, investment, jobs and the economy at large. See, Start-up failures rise 60% as founders face hangover from the […]

Juggling Dynamite - Over the last year, more than 200 real estate developments in Canada became insolvent. Andrew Chang explains why, at a time of high demand for housing, a growing number of projects are falling through. Here is a direct video link.

Juggling Dynamite - Mortgage rates are historically average today, but too high prices and insufficient household income levels remain a problem. Welcome to a buyer’s market without buyers. Condo sales in the GTA are down, according to the latest data from the Toronto Regional Real Estate Board, but the number of condos on the market is up. With […]

HoweStreet.com Radio - Canada sees a record number of developers go under

Juggling Dynamite - At 35x the average of the past decade’s earnings, adjusted for inflation, the S&P 500 basket of stocks is the third most expensive since 1871 (CAPE, in blue below, versus long-term interest rates in red, courtesy of Shillerdata.com). It is pricier than at the 1929 secular peak and more than twice the long-term median of 16x […]

Juggling Dynamite - Bloomberg Radio host Barry Ritholtz speaks to Peter Rawlinson, chief executive officer, chief technology officer and member of the board of directors at Lucid Motors Inc., where he is responsible for the company’s strategy and execution, as well as the creation and delivery of all Lucid products. Before Lucid, Peter was vice president of vehicle […]

Juggling Dynamite - Stocks cheered yesterday on news that US households further eroded their savings in July, increasing retail sales by 1% while the average weekly earnings contracted by .1%. Year over year, retail sales volumes are running -.3% and full-time employment -.4%. Costco and Walmart are the best-performing retail companies. Everyday discounters are some of the few […]

Juggling Dynamite - Nancy Lazar, Piper Sandler global chief economist, joins ‘Money Movers’ to discuss whether Tuesday’s economic data changes any of the economists’ forecasts, whether the Federal Reserve has room to focus on its employment mandate, and more. Here is a direct video link. Also, see, Investors return to bonds as recession fears stalk markets: Investors are piling back […]

Juggling Dynamite - From January to May this year, there was an average of 20 real estate, rental or leasing insolvencies in Canada every month where companies either sought bankruptcy protection or filed creditor proposals. At this pace, Canada is on track to reach about 240 corporate real estate insolvencies in 2024, which would be 57% more than in 2023 […]

HoweStreet.com Radio - Did good intentions cause our financial problems?

Juggling Dynamite -   According to the Toronto Regional Real Estate Board (TRREB), the average sale price for all property types in the Greater Toronto Area (GTA) dropped to $1.106 million in July. On a month-over-month basis, the price fell by 4.7% from June. On the supply side, new listings rose 18.5%, and the sales-to-new listings ratio was […]

Juggling Dynamite - As interest rates fell from 1980 to 2020, the average Canadian home price increased 746% from $67k to $566k, while the median household income rose about half that rate (400%) from $21,252 in 1980 to $84,000 by 2020 (table courtesy of Nerd Wallet). The average Canadian home price rose from about 3x the median household income […]

Juggling Dynamite - Policymakers and economies face a similar challenge globally. After the 2008 meltdown,  short-term rates were intentionally suppressed to incentivize credit growth and consumption at the expense of savers and productivity-improving investments. Now, we are paying the longer-term costs of those short-term focused choices. As debt and unaffordability weigh on spending and employment, excess capacity and […]

Juggling Dynamite - David Rosenberg, founder and president at Rosenberg Research, and Ed Devlin, founder of Devlin Capital, senior fellow at C.D. Howe Institute. and former head of Canadian portfolio management at PIMCO, join BNN Bloomberg to share their outlook on the economy and the markets. Here is a direct video link. 

Juggling Dynamite - In this episode of The Jay Martin Show, host Jay Martin sits down with Danielle Park of Venable Park Investment Counsel to explore the current state of the Canadian real estate and bond markets. Danielle provides in-depth insights into how negative yields have driven the Canadian home price bubble, the lagging effects of recent rate […]

HoweStreet.com Radio - Is a US Recession in motion?

Juggling Dynamite - Hoisington’s Q2 Review and Outlook is now available; see Monetary and Fiscal Extremes. One of several standout charts shows the US Net National Savings Rate since 1929, negative in 2024 for only the second time ever, as the federal budget deficit (dissaving) exceeds the total of household, corporate and foreign savings. Hoisington notes that, as in […]

Juggling Dynamite - Canada’s June unemployment rate of 6.4% was up 160 basis points from the cycle low of 4.8% in June 2022. Since the 1970s (as shown below courtesy of RBC), Canada has never had this trough-to-peak rise in the unemployment rate without the economy going through a recession (blue bars). The increase following the 2000-03 dotcom […]

July 22nd, 2024 | US Recession in Motion?

Juggling Dynamite - The US Conference Board of Leading Economic Indicators (LEI Index) declined for a 30th month in June (purple line below since 1959, courtesy of Advisor Perspectives) and is now -14.2% from the cycle peak in December 2021. As shown, since 1959, an LEI contraction of this magnitude has never happened outside of an officially declared recession […]

Juggling Dynamite - Electricity generated by renewable power reduces energy waste significantly and, therefore, global power needs. This critical fact is key to understanding the energy evolution unfolding. Fossil fuels still supply 80% of our energy. And people point to this number to say it’s impossible to switch to renewables, especially if we want to do it quick […]

Juggling Dynamite - In the second quarter of 2024, loan loss provisions at the six largest US banks increased the most since 2020 and car repossessions in June (drivers over 60 days late on payments) rose 23% year over year and were +14% compared to the pre-pandemic first half of 2019. See Car Repossessions Surge 23% as Americans Fall […]

Juggling Dynamite - Over the past 32 months, economically sensitive small and medium-cap stock indices have underperformed the largest-cap tech-heavy indices (price x shares outstanding) to a degree not seen since the last tech bubble in 1998 through March of 2000. Indeed, global fund flows (shown below since July 2023, courtesy of The Daily Shot) have concentrated in […]

Juggling Dynamite - Consumer spending drives just under 60% of Canadian GDP growth and consumer spending fell across all categories in June–discretionary and essential (shown below courtesy of RBC). Warm weather and declining interest rates did not entice spending as hoped. Overall, second-quarter retail sales were negative. Fewer Canadians have renovated their homes amid a sluggish housing sector, while […]

HoweStreet.com Radio - Baby Boomers don’t have the risk tolerance they think they have
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