Danielle Park, CFA | TalkMarkets | Page 32
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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Sell-Off Affords Another Opportunity To Evaluate Capital Defense
World markets are bright red today across the board.
Rising Rates Retreat When Consumption Drowns
The truth is that today more than ever before, rising rates will drown debt-encumbered economies and central banks will seek to ease once more.
How We Earned The Retirement Savings Crisis
Twenty years of levered risk-taking–subsidized by taxpayers, aided and abetted by central bankers and politicians–have helped push asset values back up to all-time highs, and still, savings deficits have deepened.
Chinese Government Encourages Share Buybacks As Bear Market Deepens
Rivets are starting to blow once more on the debt-on-debt Ponzi driving Chinese markets. Following the lead of western companies, corporate buybacks in China have surged in 2018.
At Asset Market Highs, Liquid Savings Remain Woefully Insufficient
The average US saving rate fell from 13% of disposable income in 1981 to 2% by 2005, as US housing prices peaked.
Thoughts On A Secular Top In Canadian And Australian Debt And Realty Prices
From a long-term historical average of 62%, Canadian homeownership rates approached 70% in 2011 and are now rolling over.
Peak Prices, Capital Waves Receding: Tsunami Alert
The Canadian dollar has fallen nearly 5% against the US dollar year-to-date and compared to emerging market (EM) currencies that decline is small.
When Diversification Doesn’t Spread Your Risk
While rising capital inflows tend to inflate corporate securities altogether when risk-appetite turns they also drop en masse.
The Longest Bull Market In History. What’s Next?
Tomorrow the S&P 500 will celebrate 3452 days or 115 months since its bear market low of 676 on March 9, 2009–officially now the longest expansion since 1900.
The Sound Of Inevitability: Peak Debt And Peak Prices
Speculative capital allocations move with extreme credit cycles through boom and bust. But in the end, sustained price appreciation requires new buyers who are able to buy assets from existing owners.
Concentrated Risks Glossed Over By Marketing Wrappers
Although the global bond market (issued by governments and corporations) is about 3 x the size of the equity market, the majority of investment funds and managers are concentrated in equities.
Over-Housed Boomers Looking To Downsize Is A Secular Shift
Lower shelter costs, along with less consumption spending of all kinds, are necessary pillars to restoring financial viability for households in the post-debt-bubble world.
Good News For Consumers And Bad News For Investors
Good news for consumers: a tsunami of used cars coming off lease are continuing to put downward pressure on auto prices, which are on track to decline 20% this year alone.
Capital Hell Unfolding For Yield-reaching Investors (Again)
As the safest deposit and bond yields fell since the 2008 recession, people who could not afford/did not want capital losses migrated–willfully blind/desperate/greedily–into yield-reaching harm’s way.
Policy Interventions Don’t Eliminate Bear Markets Nor Conjure Productivity
China’s Shanghai stock index closed last week down 4% and nearly 19% since January 26 even as the government continues with a barrage of ongoing confidence suasion efforts.
Long-Term Look At Strong Dollar Impacts
The US dollar is continuing strength this week. While the dollar index (basket of major trading partners euro, yen, sterling, CAD, krona, franc) is up just over 3% year to date, its gains against emerging market currencies have been multiples more.
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