'Stupid beyond even my wildest fantasies': Krugman, Summers, Lagarde ridicule Trump's coronavirus response
for coronavirus treatments, when he seemingly meant to say tests.
The muddled speech, and a dearth of details about what the US government will do to soften the economic impact of coronavirus, . US and European stocks tumbled more than 8%, oil prices dropped, Treasury yields slid, and bitcoin lost more than 20% of its value.at the president that he may well have set"a new world record for presidential market value destruction."
"He destroys about $500 billion in equity market value in the course of an 11-minute speech," he continued."Destruction roughly doubles as investors take an hour to analyze the speech."Treasury liquidity is evaporating as traders need it most - endangering a $50 trillion debt market »
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