Thoughtful Money with Adam Taggart We're Facing The Bursting Of Twin Bubbles In Housing AND Stocks | Danielle Park
33 snips
Sep 4, 2025 Danielle Park, president and portfolio manager at Venable Park Investment Counsel, dives into alarming trends in the U.S. housing and stock markets. She discusses the Federal Reserve's recent shift in outlook, raising concerns over a declining labor market and inflated asset values. Danielle highlights the challenges of housing affordability and increasing debt, particularly for first-time homebuyers. The conversation also covers the repeating patterns of market behavior that hint at an impending correction, urging investors to reassess their strategies amidst financial uncertainty.
AI Snips
Chapters
Books
Transcript
Episode notes
Real Estate, Not Tariffs, Is The Main Risk
- Danielle Park sees the real estate downturn as the dominant macro theme, larger than tariffs' inflation risk.
- She warns housing decline will meaningfully weaken employment and economic confidence over time.
Rate Shock Hits Housing Faster In Canada
- Mortgage rates doubling from 2021 have begun to unravel housing markets in both countries.
- Canada felt renewals faster because its common five-year fixed terms expose many borrowers sooner.
Housing Became An Overweight, Inefficient GDP Driver
- Ultra-low rates caused a massive misallocation toward housing, making GDP overly dependent on residential investment.
- Canada reached nearly 9.3% of GDP in residential investment, far above long-run norms and risky.
