Danielle Park –Detailed in the videos below we see similar themes and catalysts between the U.S. in 2006 and Canada today. As property prices mean and revert so do highly levered economies and financial markets. Expecting any other outcomes is unrealistic.
By Danielle Park – 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 (see left). This is the latest desperate...
By Danielle Park – While stock bulls talk up a “strengthening” economy, consumer spending growth (which drives 70% of GDP in America) has fallen to a 4 ¼-year low even before rising trade tariffs are noted in backward looking data.
By Danielle Park – The Bank for International Settlements is a board comprised of 60 central bank heads around the world. As explained on their website here: at bimonthly meetings, normally held in Basel, Governors and other...
By Danielle Park – Time to get some financial consulting from those who are not paid to sell us debt and risk. Listening to the banks/broker/dealers/auto sellers have dug undisciplined households a very deep hole. Debt weight...
By Danielle Park – Another housing study has come to familiar conclusions: Canada boasts the least affordable housing in North America. With a median family income of just under $65,000 a year, it would take 7.5 years for a family to pay off the...
By Danielle Park – “Signs are there that we might be approaching an inflection point in the marketplace for autos,” William Black, managing director at Moody’s, said on Tuesday. No credit expansion lasts forever.
By Danielle Park – As Canadian household debt hit an all-time high in 2017 (see chart), a new study by TD Bank finds that 97% of Canadian homebuyers say they wish they’d factored in their other financial obligations when...
By Danielle Park – The Loonie is tumbling and Canadian bonds rallying as the Bank of Canada backs away from its rate hiking plans in ‘surprise’ over the slowing Canadian economy. Meanwhile a new report from the National...
By Danielle Park – The purchase price for electric cars is coming down. In 2017, the average electric car transaction price fell by 11% from 2016. But that is only part of the math: fewer parts, repair, and maintenance as well...
By Danielle Park – US-based electric bus manufacturer Proterra upgraded its 40-foot Catalyst E2, now called ‘Catalyst E2′, with a massive 660 kWh battery pack and brought it to the track at the Navistar Proving Grounds in New Carlisle...
By Danielle Park – What soars up tends to crash down. Welcome to ‘free’ money driven asset moves. What about all those supply shortages the realtors were talking about? Nothing like insanely high prices to bring supply on stream.
By Danielle Park – US auto sales peaked in 2016 and fell for a fourth consecutive month in June, while sales in Canada hit a fresh record in the first half of 2017 on an 8.8% increase in light truck sales thanks to (misplaced?) business confidence in...
By Danielle Park – There are several key factors that have contributed to the financial fragility of the masses and our economy today. First, is that over the past 30 years, globalization and technology have helped to reduce the number...
Shelter prices are so over-valued relative to income levels today, that saving just a 10% downpayment now takes 12 years on average, compared with just 5 years to save a 20% deposit twenty years ago.
My hometown Barrie is one hour north of Toronto. Here, the average selling price in September 2015 for a detached home was 476K, up 24% from September 2014. Recent data suggests that the average price gain since March 2016, is now more than 40%.
Remember how subprime mortgages packaged and sold as safe investments began to implode in 2007 and set off a domino cascade of financial loss around the world? The same actors and actions that were allowed to reload after the...
For a few years I have been warning that higher education costs have escalated uncontrollably as wages for the masses have flat lined. As with autos and housing, the stop gap that enabled prices to vault well beyond income...
Oil (WTIC) fully retraced its September 28 to October 19 “OPEC freeze” hope rally this morning. Down nearly 12% from the latest October peak around $52/barrel, it broke below $46 in early trading. Trouble is OPEC’s output hit an estimated...
While much of the world remains preoccupied with impotent central bank grandstanding, the US presidential train wreck and reams of counter-productive nonsense, Tesla has now not only made and released the best-rated car...
