Danielle Park, CFA | TalkMarkets | Page 3
Portfolio Manager
Contributor's Links: Juggling Dynamite
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily ...more

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Rate Cuts Come As Demand-Driven Economy Slows
The Bank of Canada’s Business Outlook Survey for the fourth quarter of 2023 found that 40% of Canadian companies were experiencing a slowdown in sales.
Rate Cuts Come In Response To Intensifying Financial Strife
With inflation cooling and unemployment rising, rate cuts are coming into view.
Prices Fall And Home Listings Rise As Canadians Struggle With Overhead
When Canadians sell a property for less than is owed in the mortgage, lenders are entitled to pursue any balance remaining plus interest, fees, and legal costs.
Financial Predation Is Major Throughline
One area of glaring danger for retail buyers is the cesspool cryptocurrency space.
Recession Alarm With No False Positives
The six-month smoothed LEI growth rate in November was -7.5% and has been negative for 20 consecutive months, something only seen before the 1974 and 2008 recessions.
Financial Cycle Behavior Is Consistent
As in 2000 and 2007, at current levels, stocks are priced to underperform the safest bonds over the next several years. History never repeats exactly, but financial cycle behavior is remarkably consistent.
Home Listings Rise As Sales Stagnate
Rebounding Treasury bond prices have lowered mortgage rates from their cycle high in October, but home prices at current mortgage rates are still painfully unaffordable for most.
2024 Starts Rough
Assets bid up by irrational amounts eventually end up on clearance sale. Always.
Bonds Are Pricing Storm Clouds That Equities Are Ignoring
Bonds are betting that falling inflation and rising unemployment will prompt policymakers to cut interest rates next year aggressively.
Shooting Messengers
Bubbles are fun on the way up but pretty devastating on the way down. China’s real estate slump is heading into year three.
Debt Defaults Leaping
Canadian debt delinquencies, insolvency proposals, and bankruptcies are all rising sharply for households and businesses.
China Offers Warning On Euphoric Asset Prices Elsewhere
China’s economy is struggling through a multi-year downturn in the property market, a slump in manufacturing activity, and falling exports.
The Equity Bear Market Is Likely Only Started
Asset markets leaped last week as the US Fed and Bank of Canada held monetary policy unchanged for the 5th consecutive month.
Fed Holds Policy Rate At 22-Year High – That’s The Good News
Central banks stop hiking rates when inflation falls and the economy starts showing stress from the prior tightening cycle. That’s happening now.
No Shame In Seeking Debt Help
A generation of people has been devastated by monetary and fiscal policies aimed at ‘helping’ them to borrow financially suicidal sums for housing.
Consumer Spending And Employment Downturn In 2024
Even economists at sell-side bank-broker conglomerates are warning about a consumer-led downturn in 2024. Job losses and credit defaults eventually bring central banks back to cutting short-term policy rates, and that’s when stock markets tumble.
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