Author Archives: Danielle Park

Reno shows and cheap credit compound price risk in housing

We humans are like crows–easily distracted by shiny stuff. As always, the factor that most determines whether an asset ends up being accretive or not is the price we pay to acquire it. Lax lending and low rates make present … Continue reading

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Jon Oliver on the truth about impossibly cheap clothing

Warning some profanity in this clip…listen at your own discretion. Excellent connection of some dots here. Trendy clothes are cheaper than ever. That sounds great for the people who buy them, but it’s horrible for the people who make them. … Continue reading

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Michael Lewis on the farce of this week’s “spoofing” arrest

This week’s “spoofing” arrest of a home-based trader in England accused of causing the May 2010 flash crash, insults the intelligence of anyone who pays even a passing attention to the rampant deceit and rigging so dominate in our much … Continue reading

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The Economist: world’s most over-valued housing in Canada

“The Economist tracks the health of housing in 26 markets around the world, encompassing a population of over 3 billion…The Economist’s housing index compares the path of house prices against two measures: rents and income. If house prices rapidly outpace … Continue reading

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April manufacturing data disappoints all around the world

We can thank modern globalization for synchronous downturns.  But then again, who needs a real economy or growth anywhere when financial riggers have HFT, free money and government support and underwriting at their beck and call. See: We just got … Continue reading

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The farce of yesterday’s ‘spoofing’ arrest

The arrest yesterday of one lone HFT guy in Britain underlines just how farcical the rigged casino, formerly known as public markets has become. Perfect for show of crack down, without any industry bite, Mr. Sarao is a safe target … Continue reading

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