10/28/2024
By Charles Payne CEO & Principal Analyst

If you ask of him where [he] is going, he will say, ‘Up on Easy Street to see Miss Comfort.’

The NYU article from 2014, “Union Poetry in the Gilded Age,” says that the period saw excellent growth for organized labor, and numerous publications covered it.

One publication, “Locomotive Firemen’s Magazine,” was the first to use  “Easy Street.”

Interestingly, the Gilded Age, famous for the birth of the so-called “Robber barons,” was also a boom time for labor unions. Highlights from Wikipedia:

Nowadays, it feels like a redux of the Gilded Age. Men of fabulous wealth are unheard of even adjusted for inflation, the Fourth Industrial Revolution (4IR), and stock market growth (not to be confused with economic growth). However, things like congressional insider trading and billions funneled from the government into hastily organized companies are the linear extension of old-school political corruption. 

Financialization of the Market & Society

Certainly, that’s how stock market investors nowadays. However, I wonder if it feels too easy and if investors are too comfortable. Everyone thinks there will be a soft landing, like the eve of the dot.com bust and the Global Financial Crisis (GFC).

To read the full report, contact your account representative, or email Info@wstreet.com

Charles Payne
Wall Street Strategies

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