Author Archives: Danielle Park

Wishful thinkers maintain that this cycle is different. Fundamental investment measurements (Price to Earnings, Price to Sales, Price to Book, etc.) are old-school irrelevant in a brave new world of technological disruptors and fee-free momentum traders.  But those of us … Continue reading →

The 50% drop in Bitcoin and other cryptocurrencies over the past month has shown, yet again, that they’re not the stable store of value that proponents wish they were.  Then, overnight, we have further confirmation that they’re also not secure. … Continue reading →

Further to Wilful Blindness, first-quarter GDP data published last week shows that residential ‘investment’ reached nearly 9% of Canada’s GDP while business investment has plunged (both below since 1960). This is not the stuff of productivity growth.  This is the … Continue reading →