Big picture charts offer some helpful perspective on where we are at after the wild jolts of taxpayer-funded capital injections the past few years. Canada–hardware store to a world where 82% of manufacturing data is now contracting–continues to look weak and vulnerable. We can also look forward to a more normal cyclical recovery in stocks (note the slower, steady price action from the bottom in 2002-03 until the credit mess blew in 2006) one day once central banks stop flooding and let slow demand find its own organic level.
Click on chart or HERE for larger image.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
by Danielle Park of Juggling Dynamite
About Danielle
Portfolio Manager, attorney, finance author and a regular guest on North American media, Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog:www.jugglingdynamite.com
Danielle worked as an attorney until 1997 when she was recruited to work for an international securities firm. Becoming a Chartered Financial Analyst (CFA), she now helps to manage millions for some of North America’s wealthiest families as a Portfolio Manager and analyst at the independent investment counsel firm she co-founded Venable Park Investment Counsel Inc.www.venablepark.com. In recent years Danielle has been writing, speaking and educating industry professionals as well as investors on the risks and realities of investment behaviors.
A member of the internationally recognized CFA Institute, Toronto Society of Financial Analysts, and the Law Society of Upper Canada. Danielle is also an avid health and fitness buff.
