Barron s Cover And The Wall Street Journal Reported Alternative Facts

Across the cover of Barron’s, the venerable financial weekly, and in the pages of The Wall Street Journal, the nation’s premier financial daily, alternative facts ran rampant last week.
According to Barron’s, consumers are not “opening their wallets”.
That’s a total mischaracterization of the facts.

Barron’s sister publication, The Wall Street Journal, published a similarly confused portrayal of economic facts on June 2nd, reporting that “wage growth has stalled.”
According to The Journal, “no one is getting a raise.”

The Journal is just perpetuating a myth.

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