Friday , 13 March 2026

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America’s Inability to Increase Revenues Via Higher Personal Taxes Could Cause the USD to Crash

2026-02-15 MunKnee - America’s Inability to Increase Revenues

Do higher marginal tax rates materially increase federal revenue? Behavioral responses among high-income taxpayers, the impact of enforcement capacity on compliance, and other implications of restoring pre-2017 tax rates all affect the results. The discussion highlights how income adjustments and structural deficits may limit the effectiveness of rate increases. With annual federal deficits exceeding one trillion dollars in recent years, constrained revenue elasticity, combined with elevated spending, could affect investor confidence and long-term demand for US dollars.

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How Not to Outlive Your Nest Egg

2026-02-15 MunKnee - How Not to Outlive Your Nest Egg

Rising life expectancy increases the probability that retirees may outlive their savings if portfolios are not managed efficiently and with discipline. This article outlines some practical considerations for selecting a financial advisor, including fiduciary standards, compensation structure, professional credentials, investment philosophy, and regulatory history. Investors who apply structured evaluation criteria may reduce conflicts of interest and improve long-term retirement outcomes through disciplined portfolio management and professional oversight.

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A Cynical Guide to Reading Mutual Fund Brochures

2026-02-15 MunKnee - A Cynical Guide to Reading Mutual Fund Brochures

This article provides a satirical translation of common phrases used in mutual fund marketing materials. While terminology such as Core, Diversified, Sustainable ESG, Impact Focused, Aggressive Growth, and Enhanced may suggest discipline or innovation, the underlying strategies are often more conventional than labels imply. Investors are encouraged to interpret marketing language with greater scrutiny and context.

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Japan’s “Weak Decades” is a Warning for the Global Class of 2026

Munknee-The Japanification Trap

Japan’s post-1989 experience provides a long-running case study on the limits of monetary and fiscal stimulus. After the collapse of a combined equity and property bubble, Japan relied on sustained deficits, near-zero interest rates, and repeated stimulus to stabilize growth. While markets eventually recovered in nominal terms, the process took decades and coincided with a sharp rise in government debt. In 2026, rising bond yields and higher debt servicing costs are testing the durability of this approach. The Japanese experience offers a relevant framework for assessing similar policy paths now being followed globally.

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Is Climate Policy About Power or the Planet?

2026-01-11 US and Canada Are Global Warming Scapegoats

This article examines the historical development of global climate policy and questions why certain countries have become central targets of emissions reduction efforts. It traces the evolution of climate change from early environmental conferences through the creation of the IPCC, the Paris Agreement, and recent COP summits. The analysis reviews differentiated national commitments, the selection of the 1990 emissions baseline, and Europe’s relative ease in meeting targets. It further explores the role of the United Nations, global governance frameworks, and international institutions in shaping climate policy outcomes that place greater economic pressure on North America.

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Does Copper Now Have More Upside Than Gold

2026-01-11 Does Copper Now Have More Upside Than Gold

Gold has surged to record levels, reinforcing its role as a monetary hedge, but the question for 2026 is whether upside is becoming more limited. Copper, by contrast, is increasingly tied to structural demand from electrification, artificial intelligence infrastructure, and global industrial expansion. While gold is largely held as a store of value, copper is consumed as a critical input across power generation, data centers, transportation, and manufacturing. With inventories tight, prices elevated, and strategic stockpiling accelerating, copper may be positioned for a stronger relative performance cycle as global capital spending shifts toward energy and technology infrastructure.

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How AI Is Creating a Recovery Without Workers

As of early 2026, economic data points to steady GDP growth, yet labor market conditions tell a different story. Investment in artificial intelligence is supporting output and corporate margins, while hiring remains subdued and worker mobility constrained. Historical recoveries show employment often lags growth, but current conditions suggest a deeper structural shift. Automation, policy constraints, and uneven access to technology are reshaping how growth is generated and who benefits from it. The result is an expansion that favors capital over labor, raising concerns about income durability, consumer demand, and long-term economic stability if workforce participation continues to weaken.

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Why $4,500 Gold Is Only the Beginning

2026-01-08 Gold and the US Dollar

Gold’s rise to over $4,500/oz in 2025 reflects deep structural imbalances in global currency management. As inflation erodes purchasing power, gold’s share of global financial assets has begun to recover from historic lows. Central banks, particularly in emerging markets, are diversifying away from the U.S. dollar and increasing gold holdings. The U.S. government’s long-standing influence through major financial institutions is weakening as AI-driven trading and geopolitical shifts reshape the market. The reassertion of the physical gold market marks a turning point for investors evaluating the future of monetary stability.

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The Great Housing Market Normalization of 2025

2025-12-30 The US Housing Market

The 2025 housing market shifted toward normalization as inventory climb 16.4% and homes remained on the market for an average of 84 days. Despite a structural shortage of 4 million units keeping prices stable, demand has become increasingly selective across a "patchwork" of local markets. Macroeconomic factors, including Federal Reserve interest rate policy and Trump administration tariffs, are introducing new volatility into construction costs and supply chains. With 39% of listings now seeing price cuts, the market is finding a new equilibrium. This analysis explores why today’s softening differs from past cycles and what the new policy risks mean for buyers in 2026.

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The U.S. Dollar: Too Much of a Good Thing?

The US Dollar - Too Big to Fail

Is the U.S. dollar, as the primary global reserve currency, under threat? While the dollar maintains its position through the petrodollar system and military backing, structural risks such as the $38.4 trillion national debt and the diversification of foreign reserves pose challenges. What could trigger a monetary shift? A gold revaluation? Debt defaults? Investors should consider the strategic importance of physical gold as a hedge against currency transitions and the long-term erosion of purchasing power.

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