The Market Bottom Is Not In Yet | Danielle Park

When central banks start cutting rates is usually when things start falling apart

According to the latest government data, the US economy is growing faster than expected, inflation is largely under control, jobs are plentiful and consumer households remain "resilient".

So from this perspective, times are good.

But talk to real consumers and you hear a very different story.

The cost of living is at crippling levels, forcing consumers to stop saving and put an increasing amount of their living costs on revolving credit -- which currently charges record high APRs.

Employees looking for new jobs report the market is not nearly as hungry for workers as the government numbers suggest. Instead, hiring freezes and layoffs are prevalent.

From their view, times are tight and getting tougher.

Which story is the more accurate one?

And should we expect things to get better or worse from here?

For answers, we're fortunate to turn to Danielle Park, president and portfolio manager for Venable Park Investment Counsel, Inc, where she manages millions for some of Canada’s wealthiest families.

Danielle is highly concerned that the current ‘strong economy’ narrative is deceptive, that the Lag Effect is indeed arriving and that the market bottom lies ahead of — not behind — us.

To hear her reasons why, click here or on the image below:

I’m so grateful to everyone who has made their way to Thoughtful Money, especially those of you who have kindly supported me by becoming a premium subscriber to this new Substack. It’s making an important difference in helping me afford the substantial startup costs of birthing this new venture.

Premium supporters will receive my “Adam’s Notes” summaries to interviews going forward (yes, they’re back!), plus periodic advance-viewing and/or exclusive content not made available to the public.

My Adam’s Notes for this discussion with Danielle are available to them below

If you, too, would like to become a premium subscriber to this Substack (it’s just $15/mo, less than $0.50/day), then sign up now here: