Gold has reached record levels, attracting investors seeking protection from inflation, geopolitical uncertainty, and financial market volatility. However, every investment thesis deserves a critical examination. Taking a contrarian approach, we present six reasons why investors may want to reconsider buying gold at current prices. The article explores the potential impact of ETF liquidations, technical overbought conditions, restrictive monetary policy, competition from alternative assets such as Bitcoin, slowing central bank demand, and the opportunity cost of holding a non-yielding asset. Investors should weigh these risks alongside the traditional case for owning gold.
Read More »The Media Confusion Around Shale Oil and How Long It Could Last
Shale oil is one of the most misunderstood terms in the energy sector. While many people associate shale oil with modern fracking operations, the term originally referred to oil produced from kerogen-rich oil shale through a process known as pyrolysis. This article examines the differences between traditional oil shale and modern tight oil production, explores where these resources are found, and discusses their role in North American energy markets. It also reviews whether oil shale could replace Canadian heavy crude and explains why refinery configurations, economics, and technology play a major role in determining how long shale-derived energy resources may remain viable.
Read More »Americans! Where is the Outrage Regarding Your Financial Situation?
American households are facing a tough financial reality. Despite efforts to bring manufacturing back home, income inequality is widening as real wages fail to keep up with rising debt. While wealth continues to concentrate at the top, a huge segment of the population remains financially squeezed and dependent on federal support. Between the pressures of globalization and a thickening layer of regulation, job creation is hitting a wall. This divide isn't just a trend; it's a structural problem that makes our current economic path look increasingly unsustainable.
Read More »America’s Inability to Increase Revenues Via Higher Personal Taxes Could Cause the USD to Crash
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.
Read More »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.
Read More »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.
Read More »Japan’s “Weak Decades” is a Warning for the Global Class of 2026
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.
Read More »Is Climate Policy About Power or the Planet?
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.
Read More »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.
Read More »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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