hedge

"Gold is often seen as a hedge against uncertainty, but the hedge can be unwound."

Bailout money is likely to be invested in “market-moving purchases that push up the value of assets and local currency,” and hedge funds and vulture capitalists “will see a windfall.”

Immediately after Dudek became commissioner in February, he got a call from Scott Coulter, a hedge fund manager with a $12 million Manhattan apartment who’d been picked to lead DOGE’s team at Social Security.

It hints at the trend of hedge fund managers buying local publications to drain them until they’re husks of their former selves.

“This Labor Day we will continue to stand strong, fighting for public schools over private profits, healthcare over hedge funds, shared prosperity over billionaire-bought politics.”