We're Facing The Bursting Of Twin Bubbles In Housing AND Stocks | Danielle Park
A detailed chart presentation showing the "parade of horribles" ahead
NOTE: Tickets for the Thoughtful Money Fall online conference are now available at the Early Bird discounted price (our lowest!). Lock yours in now:
After a year of projecting confidence in America's "strong" and "resilient" economy, at his recent Jackson Hole appearance, Federal Reserve Chair Jerome Powell suddenly changed his tune.
He expressed concern about the deteriorating labor market, saying the situation may warrant a resumption of monetary easing notwithstanding the potential inflationary risks of tariffs.
This comes at a time when stocks are at nosebleed valuations levels, with the general public more exposed to them than at any time since the 2000 and 2007 bubble peaks.
Are investors sleepwalking into an oncoming painful market correction here?
To find out, we have the good fortune to welcome Danielle Park back to the program. Danielle is president and portfolio manager for Venable Park Investment Counsel, Inc, where she manages millions for some of Canada’s wealthiest families. She's also proprietor of the daily financial website JugglingDynamite.com
Danielle warns that the US and Canada are dealing with twin bubbles right now — in stocks AND housing — and face mounting challenges as those begin bursting.
She makes this case through an excellent chart presentation (chart deck provided to premium subscribers in the Notes below)
To hear Danielle make her case, click here or on the video below:
GOT GOLD?: Read our free Guide To Buying and Storing Gold & Silver:
I’m so grateful to everyone who has kindly supported me by becoming a premium subscriber to this Substack. It’s making an important difference in helping me fund the substantial operating costs of running Thoughtful Money.
Premium supporters receive my “Adam’s Notes” summaries to the interviews I do, the wildly-popular MacroPass™ rotation of reports from esteemed experts, VIP discounts, plus periodic advance-viewing/exclusive content. 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 only $0.52/day), then sign up now below:
Adam’s Notes: Danielle Park (recorded 9.3.25)
EXECUTIVE SUMMARY:
Dual Bubble Risks: Danielle Park warns of a combined tech and real estate bubble, reminiscent of 2000 and 2007, with unprecedented financial risk due to high valuations and over-leveraged assets.
Housing Market Collapse: Canada’s housing market faces an 18% nominal and 23% real price correction since 2022, with affordability at 1980s levels (58–100% of income), driven by doubled mortgage rates (4% Canada, 6.56% U.S.).
Deflationary Pressures: Real estate downturns, falling rents, and declining oil prices ($40/barrel target) outweigh tariff-driven inflation, mirroring China’s 5-year property slump.
Labor Market Weakness: Rising unemployment, with jobless Americans outnumbering openings, signals
