This is really disgusting.
https://twitter.com/kylegriffin1/status/1316529229740208129
On the afternoon of Feb. 24, Trump Tweeted the coronavirus was “very much under control,” one of numerous rosy statements he and advisers made at the time about the worsening epidemic. He even added an observation for investors: “Stock market starting to look very good to me!”
But hours earlier senior members of his economic team privately addressed board members of the Hoover Institution & were less confident. A senior economic adviser told the group he could not estimate the effects of the virus on the economy, implying an outbreak could prove worse.
Interviews with 8 people who either received copies of a memo or were briefed on it provide a glimpse of how elite traders had access to information from the administration that helped them gain financial advantage during a chaotic 3 days when global markets were teetering.
But the memo’s overarching message — that a devastating virus outbreak in the United States was increasingly likely to occur, and that government officials were more aware of the threat than they were letting on publicly — proved accurate.
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