Author Archives: Danielle Park

Another manic March

Twenty-one years ago this month…March 2000, what a time to be in stocks, I remember like it was yesterday.  The world had gotten through Y2K without any issues, technology was changing everything (again), the much-loved NASDAQ had doubled in just … Continue reading

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Tax avoidance has reached tipping point

The argument that raising taxes on the ultra-wealthy will not eliminate government deficits is a red herring.  The primary purpose of tax policy is not to eliminate deficits but to incentivize socially constructive behaviour and dissuade the socially destructive.  Tax … Continue reading

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‘YOLO’ gamblers increase downside for all participants

Bloomberg Intelligence estimates that ordinary retail investors have accounted for some 23% of all US equity trading in 2021, more than twice the level of 2019.  As charted below by the FT, this makes the ‘retail’ activity in equity markets … Continue reading

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