If we only manage what we measure, then we’re mismanaging our economy by promoting waste as the only metric we measure and incentivize.

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by Charles Hugh Smith Any economy stupid enough to rely on the insane distortions of GDP “growth” as its primary measure will richly deserve a Darwin Award when it inevitably collapses in a putrid heap of squandered resources and capital. We’re told the gross domestic product (GDP) measures growth, but what it really measures is waste: capital, … Read more

Charted: Money Can Buy Happiness After All

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by visualcapitalist What’s the relationship between money and happiness? Previous studies have indicated that, while money can in fact buy happiness, it plateaus at approximately $75,000/year. However, new research suggests otherwise. Using over a million real-time reports from a large U.S. sample group, a recent study found that happiness increases linearly with reported income (logarithmic), and continues to rise beyond … Read more

Commodities Flashing Inflation, Gold is Next

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Vincent Lanci on Palisades Gold Radio Tom welcomes a new guest to the show, Vincent Lanci. Vince discusses his background in energy and precious metals and he manages money for a couple of hedge funds. Vince explains some of the terms surrounding the bond markets and the current signs of low investor interest. Strangely, there was … Read more

ID for absentee ballots are now required in Georgia. Angry leftists react by storming the state capitol.

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ID for absentee ballots are now required in Georgia. Angry leftists react by storming the state capitol. pic.twitter.com/xt92xcDGwW — Ian Miles Cheong (@ianmiles) March 1, 2021 Related: When the Left Attacked the Capitol. In the winter of 1971, you could still find vestiges of an age of innocence in Washington. The previous decade had been one … Read more

This woman knows nothing of economics. Why oh why can’t we get competent people in office

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AOC: $15 Minimum Wage a ‘Deep, Deep Compromise,’ Should Be $24 Rep. Alexandria Ocasio-Cortez (D-NY) on Monday criticized certain Democrats for failing to support progressive demands for a $15 minimum wage, contending they are living in a “dystopian capitalist nightmare” and adding that the minimum wage should actually be $24 an hour. “Any person who … Read more

FREE TEXAS! Gregg Abbott Will Make An Announcement Today Regarding Rolling Back State-Wide Restrictions while CDC urges caution

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  https://www.yahoo.com/news/gov-abbott-statewide-announcement-could-001229496.html Abbott said he will be traveling to Lubbock today to make a statewide announcement regarding plans to roll back some restrictions. What will his plan be? Will it be ‘something will be rolled back by May if and only if….’ ? Or will he say something less strict? Let’s find out! But while … Read more

The bear market started last week. Intervention is coming.

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https://twitter.com/RetirementRight/status/1366588915251961859 https://twitter.com/NorthmanTrader/status/1366749008472006657 $spx earnings pic.twitter.com/i6APoMmCiU — Álvaro Oviedo (@alvoviedo) March 1, 2021 https://twitter.com/MFHoz/status/1366647153410650112 WARREN: IT WOULD BE ERROR TO EXTEND BANKS' CAPITAL EXEMPTIONS negative rates here we come — zerohedge (@zerohedge) March 2, 2021

Technically Speaking: Topping Patterns Popping Up Everywhere

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by Lance Roberts As I worked through this past weekend’s newsletter, I noticed that multiple markets are starting to exhibit topping patterns. It will be crucial for markets to reverse these patterns in the short-term if the bullish advance continues. As we discussed with our RIAPRO.NET subscribers yesterday: “The good news is that the S&P 500 held … Read more

Joe Biden bombed Syria in response to an incident that took place thousands of miles away in Iraq. Here are the many ways he violated international law.

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The United States carried out airstrikes in Syria early Friday morning, killing several people and destroying several buildings. The Pentagon says that the airstrikes were a response to a rocket attack that occurred on Feb. 15, some 10 days earlier, at Erbil airport in northern Iraq, some 400 km away. That rocket attack killed a Filipino contractor, … Read more

The Latest Payoff in Pelosi’s ‘Relief’ Bill Will Make your Blood BOIL

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https://www.youtube.com/watch?v=QWNrFDsANtI Katie Pavlich from Townhall reports, President Biden in partnership with Democrats on Capitol Hill are doing everything possible to ram through a $1.9 trillion Wuhan coronavirus “relief” bill that has little to do with actual relief. Instead, the monstrous legislation focuses on political payouts and pet projects. Read More/Source/Credit/FairUse: https://townhall.com/tipsheet/katiepa…