Reuters: Hedge fund manager Singh calls Trump's handling of coronavirus 'an incredible gift'

[Bleacher Creature]

130,000+ are dead, but hey the markets were propped up long enough to help hedge funds protect their portfolios!

(Reuters) - President Donald Trump's handling of the coronavirus outbreak early this year was "an incredible gift" for investors because it kept markets stable long enough for some to protect their portfolios, Axon Capital co-founder Dinakar Singh told investors this month.

Trump has justified his public assurances that the virus will quickly go away by arguing he needs to be "a cheerleader" for the United States to avoid creating "havoc and shock." The United States has the highest number of confirmed coronavirus infections and deaths in the world.

"We simply never believed 'what happens in China stays in China,'" Singh wrote in a letter to investors last week that was seen by Reuters. "Trump talking down COVID-19 risk gave investors an incredible gift -- it kept markets resilient much longer than they should have, and enabled us to ensure our portfolio was sensibly positioned."

https://www.reuters.com/article/us-hedgefunds-axon/hedge-fund-manager-singh-calls-trumps-handling-of-coronavirus-an-incredible-gift-idUSKCN24E2VX

[Nevilledog]

1. Prop up the fairytale.

[mr_lebowski]

2. Well that's nice for you, asshole (nt)

[HotTeaBag]

3. He's right, but gosh he shouldn't have put it in writing.

Not that it wasn't blindingly obvious that the administration had one and only one concern about the effect the virus would have on America - and it most certainly wasn't the sickness and death of millions of Americans.

The 1% must be protected at all times.

[sop]

4. The fact they share these things so openly underscores how corrupt our government has become.

[HotTeaBag]

6. COVID is laying bare the absolute corruption and oppression underscoring every level

of our society, from government to corporate to the personal.

So many lessons we will most assuredly not learn.

[marybourg]

5. I ensured my "portfolio was sensibly positioned" as soon

as I heard tRump was going to be pResident.

[Volaris]

7. '...was sensibly positioned.'...to short the everliving fuck out of the market, no doubt.

What a fucking reptile.

[scarletwoman]

8. I have no words...

[Cha]

9. trump deliberately committed Mass Negligent Homicide..

insisting it was a "democrat hoax".. while he staged rallies and golfed in his stupid cart.

Fuck your "gift".. asshole, Singh.. go to these poor people's funerals and spout your fucking "..gift..".

[DSandra]

10. One thing you learn if you see disaster movies is not to trust the government at first

The government is more interested in keeping order and calmness than being honest.

I remember Stephen King's "The Stand" where the government repeatedly denied even the existence of the virus of the story.

Even during the Spanish Flu, governments were more worried about censoring the news during the war rather than saving lives.