Author Archives: Danielle Park

Cyclical risk rotation underway

When the long-always crowd starts switching around their seats (on the equity titanic), it is historically a sign that the great risk-rotation has finally arrived in earnest. The below portrait of the small cap Russell 2000 Index divided by the … Continue reading

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Morning smile reminder: things not always what they appear

A smile this morning courtesy of one of my favorite Irish cousins: A woman was flying from Melbourne to Brisbane …Unexpectedly, the plane was diverted to Sydney. The flight attendant explained that there would be a delay, and if the … Continue reading

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Treasury yields: how low can they go, redux

Stock floggers like to talk about how dividend yields are “attractive” today relative to cash and bonds. Except that in their imaginary world, capital risk in equities is always “contained” to fleeting “corrections of 5 to 10%” that always bounce … Continue reading

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Earn the downhill

Waiting for the inevitable mean reversion of this epic Fed-led speculative episode can feel tedious (if we let it). Seeing familiar false prophets (who have already been revealed as unworthy leaders several times over the past 15 years), paraded like … Continue reading

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Bad bank culture has not changed to date

Alex Brummer, author of “Bad Banks: Greed, Incompetence and the Next Global Crisis”, says the much-needed change of culture in the banking sector hasn’t happened. Here is a direct video link.

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Some arithmetic on today’s “highly advanced equity bubble”

Yes Virginia, don’t let the salesmen assure you otherwise, we have a massive equity bubble on our hands today. Govern your savings accordingly. See John Hussman’s excellent weekly: Yes, this is an equity bubble, for some simple facts on today’s … Continue reading

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Life goal to shoot for: be helpful

An NGO created as a Community Service Centre for marginalized families in urban slum and rural areas, Aarambh, wanted to help students who are not as privileged, with basic facilities, in order for them to be more comfortable at school. … Continue reading

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Bonds have more fun in July

North American investment grade bond prices have rallied strongly this month, even as stocks have levitated on 3 guys computers trading.  The benchmark US 10 year Treasury is nearing the next downside test at 2.4%. Meanwhile other key risk-on bets … Continue reading

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Secular bear big picture update

I have long appreciated Ed Easterling’s excellent and detailed historical data, some of which can be seen at Crestmont Research. At the end of June he updated the valuation measurements for the S&P 500 and notes that while stocks gained … Continue reading

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Phantom inflation continues to be fleeting

Investment grade bond yields have been falling in tandem with global growth forecasts over the past 7 months again, leaving the consensus, who are expecting a pick up in inflation, on the wrong side of the trade. This segment offers … Continue reading

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Danielle on The Financial Survival Network

Danielle was guest today with Kerry Lutz on The Financial Survival Network talking about recent trends in the world economy and markets.  You can listen to an audio clip of the segment here.

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The horror of Canadian bank shares

It was one thing when the world was in love with high tech shares in 2000 or with US banks, home-builders and construction materials in 2007. Those were extremely dangerous times to be sure and many oblivious and greedy “investors” … Continue reading

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Worthwhile watch: Hannah Arendt

We rented this film on iTunes last night. It is one of the most entertaining and thought-provoking works I have seen in a while. Film maker Margarethe von Trotta made some brilliant choices in telling this story of the real … Continue reading

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Best marriage proposal story ever…

I love Stuart McLean’s Vinyl Cafe and yesterday had the good fortune of being stuck in weekend cottage traffic long enough to enjoy his entire Sunday show. The inspiring true story read from Michael Gallagher of Hope, Main is one … Continue reading

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Warren on the painfully (!) obvious case for reviving Glass-Steagall

Senators Elizabeth Warren (D-Mass) and John McCain (R-Ariz.) continue as forceful advocates for the intelligent and obviously necessary return to a Glass-Steagall-like division preventing banks from levered speculating backed by the American taxpayer. This clip from 2013, is a good … Continue reading

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