The great thing about biased opinion in a financial newspaper is that if you trade based on that opinion, chances are you'll lose money.
From 2008 through 2016, WSJ opinion hammered on the supposed fiscal recklessness of the US federal government, warned that inflation and interest rates would skyrocket, and fretted about bond vigilantes.
If you traded on this opinion and shorted long-term bonds, you would have lost a lot of money. Naturally, their promised inflation, interest rates and bond vigilantes never materialized.
Curiously, they've been mostly silent about fiscal recklessness since 2016, despite $3 trillion deficits.
It makes complete sense to me to not be honest with your opinion on economic predictions. It would be insider trading light. And if you could broadcast misinformation to a broader public of traders...
In fairness, all those things are the expected outcomes of hugely profligate spending and have been seen in other economies that adopted the same policies. It's surely a bit of an open question why the USA, and to some extent other western countries, have been able to sustain such huge deficits for so long apparently in defiance of financial gravity. I think you're implying the WSJ's interest in the topic was entirely political in nature, but it's also possible they just noticed that their predictions kept not coming true and dropped it for that reason. After all, Trump promised big spending with tax decreases, with correspondingly huge deficits, and there doesn't seem to have been any negative effect of that (yet).
From 2008 through 2016, WSJ opinion hammered on the supposed fiscal recklessness of the US federal government, warned that inflation and interest rates would skyrocket, and fretted about bond vigilantes.
If you traded on this opinion and shorted long-term bonds, you would have lost a lot of money. Naturally, their promised inflation, interest rates and bond vigilantes never materialized.
Curiously, they've been mostly silent about fiscal recklessness since 2016, despite $3 trillion deficits.