Author Archives: Danielle Park

Desjardins: Canada the most debt sensitive economy in the world

Posted on September 8, 2022 by Danielle Park

Canada comes into this global downturn with a world-leading real estate bubble (property values accounting for some two-thirds of household net worth) and record-private debt levels at a whopping $7 trillion (households and businesses) in an economy tracking about $2.6 … Continue reading →

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Soaring buck intensifies economic downturn

Posted on September 7, 2022 by Danielle Park

The USD Index (DXY shown below since 1980) above 110 this morning is a 20-year high not seen since April 2002. The Euro (58% of the dollar index) is below par and at the lowest since July 2002, while the … Continue reading →

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Quantitative Tightening is supposed to step up 5.5x this month

Posted on September 6, 2022 by Danielle Park

Happy September!! Starting now, the US Fed is to run off its balance sheet (reduce liquidity in the banking system via ‘Quantitative Tapering’) by $95 billion a month–double the amount they were supposed to have been withdrawing (QT) since the … Continue reading →

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