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Posts Tagged will Eisenhower era jawboning work on stocks today


Will Eisenhower Era Jawboning Work on Stocks Today?

Those who believe that Trump will “make America great again” are thinking of the 1950’s, the years when Ike (5 star general turned president Eisenhower) was in the oval office. During his time in office Ike was known to call the president of US Steel and “jawbone” him into not raising the price of steel because when steel prices went up so did the price of every item made with steel or by machines with steel parts. It was considered the first step in inflation. The same approach was used by President Lyndon Johnson during the 1960’s when the word […]

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