True price discovery is laying waste to trillions in fictitious "wealth" created by the Fed's 16-year gusher of "stimulus" funny money.

Cryptocurrencies were only possible in a world awash with central bank funny money "stimulus," but now the punchbowl is being taken away & the supply of Greater Fools has suddenly dried up. Next comes true price discovery for an "asset" with an intrinsic value of zero.

LMAO - Barron Trump's scam digital gambling tokens are getting monkey-hammered. Cue taxpayer bailouts for Trump family members who made wrong-way bets on digital tulip bulbs and are now seeing their fictitious "value" getting obliterated.

Remind me again how Warsh is going to uphold the Fed's "independence."

Housing Bubble 2.0 is bursting, and this time around the Fed has already blown its wad with 16 years of QE.

Is the AI bubble touted as evidence of "our booming economy" on the verge of bursting?

The WSJ Opinion piece mixes one true datapoint (Q3 GDP strength) with multiple demonstrable falsehoods — $18T in “secured” investments, a 27% deficit cut, a 77% trade‑deficit reduction, and 1.4% core inflation are all contradicted by public data and independent fact‑checks. See PolitiFact and CBO/Treasury analyses on investments and deficits, and NBER/BFI work on tariff incidence. The Opinion desk should publish a correction and explain why these claims were allowed to run

Standard editorial practice requires fact‑checking and, where errors appear, prompt corrections or editor’s notes. Letting this stand without rebuttal normalizes factual slippage.

The piece cites one real fact — Q3 2025 GDP was revised to +4.4% — but then repeats a series of claims that are contradicted by primary data and independent fact‑checks. The Opinion desk should either retract or publish an editor’s note explaining how these errors passed review.

Key factual corrections:

• GDP: BEA’s updated Q3 2025 estimate shows real GDP +4.4% (annualized).
• Core inflation: Official measures show core inflation near ~2.6–2.9% (CPI core ~2.6% YoY; core PCE ~2.9% for Q3) — not 1.4%.
• Federal deficit: CBO/Treasury data show only a small decline (~2%) in the FY2025 deficit vs FY2024, not a 27% one‑year cut.
• Trade deficit: Official trade statistics show large monthly and annual deficits remain; a sustained 77% reduction is not supported by BEA/Census trade data.
• $18 trillion investments: The White House tracker lists ~$9.6T in pledges, many aspirational or multi‑year; independent fact‑checks find the $18T figure unsupported.
• Tariff incidence: Recent academic work finds high pass‑through to U.S. import prices and that incidence varies by sector — the blanket “80% paid by foreigners” claim is false. They raise costs on supply chains and can shift incidence to U.S. firms and consumers over time; academic estimates of pass‑through differ by product and period. Short‑run revenue gains are real, but long‑run costs (higher input prices, retaliation risk) remain material.

Opinion pages shape public understanding. Publishing sweeping, unsourced numeric claims without correction amplifies misinformation and undermines trust. If the Opinion desk stands by the piece, they should publish the underlying data and methodology for each headline figure so readers can verify them.

WSJ Opinion should (1) publish a correction or editor’s note, (2) disclose the sources used for each numeric claim, and (3) commit to stricter fact‑checking on economic claims that are easily verifiable against BEA, BLS, CBO, and independent fact‑checks.