“Irreparable” damage is being done to the economy: Paul Singer [In-Depth]

U.S. stock indices continue to struggle as investors weigh the impacts of the coronavirus on the global economy. In their April 16 letter to investors, which was reviewed by ValueWalk, Paul Singer’s Elliott Management pointed out the differences between this latest downturn and the decline in December 2018. They also noted that the widespread notion that stocks will go up at any price has now been shown to be false.