Author Archives: Danielle Park

Financial trainwreck assured: borrowing to ‘invest’ at record highs

US margin use (borrowing to buy securities) peaked this cycle in February 2014 and has moved ever so slightly lower since.  Historically when margin balances stop expanding, they begin contracting and bear markets have followed within a matter of months.  … Continue reading

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Canadian ‘atrocious’ economy contracts in Q1

Since all central bankers are congenitally optimistic, a warning this week from Bank of Canada governor Stephen Poloz that the Canadian economy was ‘atrocious’ in the first quarter, may be understating the matter…Here is a direct video link.

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Earnings caving under delirious stock valuations

Automated trading machines incited by central bank jawboning the world over, have helped to push global stock markets to the highest valuations since March 2000 and October 1929.   Meanwhile earnings and sales are plunging…from a Q1 analyst consensus for S&P … Continue reading

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Fed out of options as earnings recession begins

“There will never be a good time to raise rates off zero when you’ve been there for six years,” Peter Boockvar, chief market analyst at The Lindsey Group, told CNBC. “The Fed’s screwed, essentially.” Actually, the Fed members are well … Continue reading

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How speculative booms end

For those dreaming that maybe today’s excessive valuations in most financial assets can resolve in a virtuous end of gentle mean reversion, or suddenly soaring GDP, sales and earnings that will miraculously ease current cash flow strains, we offer the … Continue reading

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Comparative annual salary of world leaders

I find data like this fascinating. Top earning world leader is Brigadier General Lee Hsien Loon, Prime Minister of Singapore since 2004 (with an outrageous lead). China’s Xi Jinping is pulling up a very distant rear. Of course special perks, … Continue reading

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