Postcards: 1993 - A Fiscal Policy Foul Took CEO Pay to the Moon and Made America Poorer
Talk about your all-time backfire. Bad fiscal policy compounded with worse monetary policy to drive executive compensation through the roof and accelerate economic inequality over the last 30 years.
Read Part One: Monetary Policy
Market Update: There was effectively zero liquidity at the end of the day as traders left their desks early for a three-day weekend.
Nothing new to report except that the inflation figures are progressing downward.
The S&P 500 has just experienced its longest win streak since 2017.
Thank you, Equity Signals, for telling us to buy in early November.
This is a reminder to sign up before the year's end, as the Republic Risk Letter price will double in 2024. Founding members can lock in their price forever.
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