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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 - Once real estate bubbles bust, prices typically fall for years, and paying down debt becomes the priority. In the process, slashing interest rates does not entice the hoped-for revival of borrowing, and it takes years to rebuild balance sheets. This is now underway in the world’s second-largest economy. Et tu, Canada? Richard Koo, senior adviser […]

Juggling Dynamite - Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 barrels a day in the first half of the year, barely a third of the expansion in the same period of 2023, the adviser to major economies said […]

September 13th, 2024 | Chinese Bust Cycle is Contagious

Juggling Dynamite - From 2019 to 2022, rounds of “free” money courtesy of central banks and governments fuelled gullibility and blind risk-taking in many countries. The effects were particularly short-lived in China, the world’s second-largest economy, where consumer confidence has been moribund over the past three years (below since 2016).   Hampered by relatively low household incomes and […]

September 12th, 2024 | Lacy Hunt Economic Update

Juggling Dynamite - Ted Oakley interviews Dr. Lacy Hunt regarding the U.S. economy, world economy, Federal Reserve, and interest rates. Here is a direct video link. Meanwhile, the effective corporate tax rate for large S&P 500 companies is at a multi-decade low of less than 20 percent (shown below since 1985).  Sustainable?  

Juggling Dynamite - The outlook for small business earnings has been contracting since 2019, retreating below the pandemic bottom in August, with no turnaround yet. The glaring outperformance of S&P 500 operating earnings (in light blue below) above small business earnings since 2023 (dark blue below since 1986) looks unsustainable even as a bullish consensus forecast continued divergence […]

September 9th, 2024 | What’s Your Plan?

Juggling Dynamite - Last week, the two-year US Treasury bond yield (3.654%) closed below the ten-year yield (3.716%), making for a +.062% spread and the first upward-sloping curve for these yields since July 2022. The re-steepening of Treasury yield spreads after months of inversion has historically proven to be a reliable warning of economic contraction, accelerating unemployment, and […]

Juggling Dynamite - Fine wine prices have tumbled back to the pandemic lows of 2020 due to falling consumption, globally. Fine wine prices are decreasing sharply amid rising inventories and low demand for some of the most expensive wine #MacroEdge pic.twitter.com/qzuVSh3ixd — MacroEdge (@MacroEdgeRes) September 3, 2024 Are consumers struggling financially or realizing that alcohol is toxic for […]

September 4th, 2024 | Impact From Canadian Rate Cut

HoweStreet.com Radio - Cracks are getting wider in World Economy

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 - One after another, consumer-driven sectors are warning of tumbling demand amid still inflated prices and the highest real interest rates in 17 years. Although mortgage rates have fallen year-to-date, auto and home sales have continued to slump, with buying conditions the worst in decades (U of Michigan Home buying conditions below since 2000, courtesy of […]

Juggling Dynamite - In this episode, Dr. Hunt explains that non-farm payrolls overshot by five standard errors, making it the worst miss since a 9 standard one for 2009, during the GFC recession, and marking another bureaucratic failure. According to Dr. Hunt, the reported overshoot of 818,000 was based on an internal seasonally adjusted series, but based on […]

Juggling Dynamite - As China’s real estate bubble continues to implode, the government has directed Chinese banks to shift lending from real estate to Chinese industry, including manufacturing firms. At the same time, 99% of publicly listed Chinese companies now disclose some form of government subsidy, according to the Kiel Institute, a German think tank. China is spending […]

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 […]
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