Danielle Park, CFA | TalkMarkets | Page 30
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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Real Estate Engine Running Out Of Steam – For Good Reason
The real estate gravy train had a hell of a run over the past 15 years on lower and lower rates, higher and higher debt, and inflows of foreign capital looking for land banks; but all credit booms must come to an end, and this one is long overdue.
Semiconductors Illuminate Market Cycle And Investor Psychology
As risk markets have recovered some of their dramatic third quarter sell-off this month, shares of semiconductor makers have bounced along for the ride, even as semiconductor exports out of South Korea have fallen 28.8% on a year over year basis.
Reverse Mortgages Offer Odious Math For Homeowners
North American households are some of the relatively wealthiest in the world, with 10% of the population having a net worth of $1 million US or more, mostly held in personal residences.
Negative Cash-Flow Companies And Households Bad For Banks
One of the best performing US hedge funds in 2018 made positive gains by shorting Canadian banks, ie, betting they would decline in value. They’re betting on more of the same in 2019.
Canadian Real Estate In Well-Earned Downturn
Apparently, the new rules requiring that people have a reasonable chance of repaying a mortgage before advancing the loan is now depressing home sales and prices in Canada.
Irrational Exuberance Comes With Payback Phase Baked In
Years of undisciplined monetary and fiscal policy have enabled the worst financial habits and highest debt abuse the world has ever known, and the payback period is now weighing on the world economy and asset prices.
Falling Stock Market Likely To Exacerbate Housing Market Decline In 2019
Because real estate is the most widely held asset in the world, its cyclical moves tend to be the most economically impactful.
Sign Of The Times: Business Booms For Trustees In Bankruptcy
While November and December have historically been a slow time for trustees in bankruptcy, with business picking up in the New Year, this holiday season Canadian trustees are reporting a boom in new inquiries and filings.
Balance Sheets Should Help Backstop Income Cycles
Take a look at your balance sheet. If most of your assets have been falling in 2018, you are structured poorly and vulnerable to unnecessary financial trauma. It’s not too late to fix that.
Rajan On The Three Biggest Problems In The Indian Economy
While India’s stock market has outpaced other global markets since 2008, it is now falling with the rest thanks to over-valuation, falling growth and retreating liquidity globally.
Australian Property Boom Mean Reverting
Given the run and rise of the most recent boom, further declines are likely in store for Australian property prices this cycle. This is a healthy and needed correction to help restore affordability to shelter.
The Bank Of Canada Blinks–What’s Your Plan?
The Bank of Canada paused this morning in its rate-hiking aspirations, leaving the overnight rate at 1.75%.
Credit And Realty Prices In Contraction Together, Naturally
While Australia and Canada boasted a record surge in home prices over the decade since the Great Recession, this also came with the commensurate surge in mortgage credit, both credit and prices are now following their natural path.
Yield Curves Offer Reality Check To Growth Bulls
US 5 and 2-year and 5 and 3-year Treasury yield spreads moved negative yesterday for the first time since 2007, with the 10 and 2-year spread a minuscule .13 this morning.
Canadians Under-Saved And Unprepared For Slowing Economy
Some 90% of Canada’s economic growth since the last recession has come from household consumption and spending in the realty sector, enabled by unsustainable growth in debt at every level of the economy.
Recession Due? Stocks Are Not ‘Defensive’
Canadian equities are trading at cheaper valuations than US stocks today, but they are still near cycle highs, and stocks are stocks–they pretty much all tank in recessions and bear markets.
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