How Will Covid-19/Coronavirus Affect my Alternative Investment Portfolio? Part 27: August 30
Updated: Feb 8
U.S. makes more slow progress battling second death wave, but road-bump may loom ahead; World round up: trouble in Spain; After Sunbelt states finally get control of second wave of infections, Midwest appears to stumble along same path toward its own second wave; Georgia's Covid-19-sensitive businesses remain mostly comatose. And ominously, once impervious grocery stores take a hit; Economy hammered yet again by massive unemployment, as a flood of companies announces future layoffs; Financial cliff update: more fiddling while Rome burns; Where are the loans? Much vaunted U.S. stimulus is a $1.8 trillion dud; U.S. commercial real estate transaction plummets: is the worst yet to come?; Caught covid-19 and think you're 100% immune? Think again: multiple scientists around the world document that it's possible to catch Covid-19 twice; Update on my portfolio.
(Usual disclaimer: I'm just an investor expressing my personal opinion and not a registered financial advisor, attorney or accountant. Consult your own financial professionals before making any financial decisions. Code of Ethics: I / we do not accept any money from any sponsor or platform for anything, including postings, reviews, referring investors, affiliate leads or advertising. Nor do we negotiate special terms for ourselves in the club above what we negotiate for the benefit of members.).
This week there was a lot of important health and economic data, but not much was announced regarding new discoveries about the virus itself. The one possible exception was that multiple scientifically documented cases of covid-19 reinfections were reported for the first time.
This article is part of a multi-article series that's been published weekly since the pandemic began back in March 2020. It started with three introductory articles on the virus, it's effect on the economy and on alternative investment classes. And then it moved on to weekly updates on the latest and greatest developments (along with weekly updates on my evolving personal portfolio strategy). You can see the links to every article in the series here.
U.S. Makes More Slow Progress Battling Second Death Wave, But Road Bump May Loom Ahead
For the 24th week in a row, the United States battled the coronavirus called SARS-CoV-2, which causes the Covid-19 disease. By Saturday morning, the death toll had climbed to 185,986 (versus 179,805 last Saturday morning).