Thanks to Jonathan Chevreau of the Financial Post and his Wealthy Boomer blog for posting our recent interview on Juggling Dynamite and why I am a pragmatist, "NOT A PERMA-BEAR!" Click and see for yourself.
I will be a bull again in the future. I do have a sense of humour. I am fun at parties. Honest.
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Books
Press Release Praise for Juggling Dynamite “An explosive critique about the investment industry: provocative and well worth reading.” “Juggling Dynamite, #1 pick for best new books about money and markets.” “Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.” |
Bearish is not a state of mind
Comments
Re: Bearish is not a state of mind
by
Anonymous
on Thu 06 Mar 2008 09:51 AM EST | Permanent Link
On the interview with Jonathon Chevreau - you go girl! You are 200% correct in your comments & thank you for clearly stating them.
As an accountant I'm on the forefront seeing what isn't posted economically anywhere yet - but a large decline in business activity, debt accumulation beyond what can likely be repaid and assumptions that the past is going to equal the future (hence why a p/e ratio does not work as you eluded to!!) Your next book needs to be the reality of the decoupled results of stock indexes from true economic activity and truly sustainable models - growth is not sustainable in a world of finite resources! You are right in your secular approach and your savy in realizing future earnings won't and quite frankly can't match the past - or we'll need to change the name 'Earth' to "Big Easter Island" and at some point we'll all see the last tree or last drop of clean water be used. Stock markets and for that matter any assurance based financial stmt. is estimated to be missing up to 80% of the true costs of its activities. Carbon disclosure leading to carbon pricing will correct some of that. Where is that in the P/E ration however our survival on earth depends on it? I would suggest that your approach is correct and further adding credence to your comments on the "E" in P/E is that the "E" will be and has to be very different going forward - hence yes the markets I believe are still way, way overpriced. Keep up D with your great ethical work of spreading the truth on how financial markets/incentives work! And yes....I know you are lots of fun! Re: Re: Bearish is not a state of mind
by
daniellepark
on Thu 06 Mar 2008 10:10 AM EST | Profile | Permanent Link
Thanks for the post and for the vote of confidence. So much to be done in the world, passion and serious focus are the keys to change. Best, D
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Key Interview
Danielle speaks with Jonathan Chevreau on the Financial Post's blog Wealthy Boomer.
Part 1 Part 2 Recent Multimedia
Audio and Video Interviews“Dear Ms. Park, I watched your appearance on BNN today, and I just have to leave you a message saying 'Thank you' for giving viewers your very frank opinions about how things are going and certain industry practices. I appreciated you trying to give as much information as you could during that (too) short segment. Thank you for what you are doing for all investors!” “Each time I see Danielle Park on BNN, I am impressed with her comments and insights. Other than Rick Santelli on CNBC, she is the only commentator that I feel is completely honest and trustworthy.” Search
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