How will Covid-19/Coronavirus Affect my Alternative Investment Portfolio? Part 28: September 5th
Updated: Feb 8
U.S. creeps forward, fighting second death wave, while dark clouds gather; State round-up: ground-zero shifts to the Midwest and Northeast; College re-openings: dodging a slow-motion train wreck?; Forgetting history and doomed to repeat it: will Labor Day launch a third wave, like Memorial Day kicked off the second wave?; Another week with more massive new unemployment and tepid recovery; Financial cliff update: more showmanship and gridlock, but no results; U.S. federal deficit balloons to worst in post-WWII era; CDC's botched moratorium could cripple some landlords, tenants, and homeowners for decades; Update on my portfolio.
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This week, there was a lot of important health and economic data. But for the 2nd week in a row, not much new was discovered about the virus itself.
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 and its effect on the economy and on alternative investment classes. 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. Creeps Forward Fighting Second Death Wave, While Dark Clouds Gather
For the 25th 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 192,146 (versus 185,986 last Saturday morning).
Three weeks ago, the country finally turned the corner in battling a seco