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Vietnam War Bearish On Stock Market, Says Commentary
The piece argues that unlike typical wars that boost stocks, Vietnam has depressed the market and President Johnson’s image. It notes a surge on a Johnson peace bid but warns of inflation, balance of payments strain, and potential price and wage controls if the war continues. It discusses hopes for de-escalation reducing inflation and restoring dollar confidence.
MENTIONED IN THIS ARTICLE
New York
Vietnam
Johnson
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Hanoi