If We Measured the Economy by Quality-of-Life Instead of GDP, We’d Be In a Depression

Authored by Charles Hugh-Smith via oftwominds, GDP is like collecting data on passenger satisfaction with the dessert cart on the Titanic and declaring everyone is delighted as the great “unsinkable” ship settles into the icy waters of the Atlantic. That Gross Domestic Product (GDP) is an outdated and misleading metric of the economy is widely …

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Measured In Gold, The Story Of America’s Declining Wages Is An Ugly One

“Workers’ wages buy less and less. In fact, workers have lost purchasing power during the past half-century. Comparing prices to wages, the Consumer Price Index (CPI) rose more than six times from 1965 to 2011—while the minimum wage rose less than five times. Professionals also suffered. According to the Engineering Workforce Commission, a senior engineer’s …

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Equity vol declining rapidly relative to rate vol as measured here by the ratio of respective 1M 50D vol.

by betsharks0 The volatility (vol) of equities (stocks) is decreasing quickly compared to the volatility of interest rates. It’s measured by the ratio of the respective 1-month (1M) and 50-day (50D) volatility. This suggests that the relative volatility between stocks (equities) and interest rates is shifting. If equity volatility is declining rapidly compared to rate …

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NBC’s Kornacki: Biden’s Job Approval Is ‘Lowest’ Ever Measured in Our Poll (video). NBC polls show Trump defeating Biden

The significance is that is the lowest President Biden has ever measured in our poll in terms of job approval. Just look at the sea change from the start of this year. Recall, remember, Democrats coming off strong from the 2020 midterms, he was almost even. Now he’s 17 points underwater. …… To go a …

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