Why I ignore the Wall Street Journal


Everybody knows that the WSJ editorial pages are just GOP propaganda. But the reporting, we're told, is solid and reliable.
Uh, no. While not blatantly dishonest, the WSJ cherry-picks data to support conservative views. Today, Kevin Drum nails them on some clickbait on gold prices as evidence of inflation fears. The article shows a five-month chart that makes it look like gold has spiked dramatically. Kevin shows a graph of prices since January of 2019, which makes the latest "spike" look pretty unimpressive. But even Kevin misses the story on gold. The price of gold in nominal dollars is only slightly up over 10 years ago. In real dollars, that's a loss. I'm not sure what gold prices tell us on a day-to-day basis, but as a long term investment, this graph tells me to stay away. YMMV. https://jabberwocking.com/yet-more-inflation-hysteria-from-the-wall-street-journal-today/?fbclid=IwAR1u_ABnTBuGQtKSHREa5R_SzyQSm94GHAaUKItXnqCsK-PfFnIESg0GKGM

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