How Will Covid-19/Coronavirus Affect my Alternative Investment Portfolio? Part 26: August 23
Updated: Feb 8
U.S. makes snail-like but definitive progress fighting second wave of virus deaths; More progress in the Sun Belt beating down second wave of infections; Georgia's economic recovery continues to look mostly painful; "The beatings will continue until morale improves" --unemployment heads in the wrong direction... again; The cleaving of America's two worlds: a tale of two recessions; More cleaving: big company execs award themselves and white-collar workers with a salary boost (in a time of record low-wage job-loss and small business bankruptcy); Financial cliff update: Business execs criticize payroll tax fudge as political agreement remains elusive; The great college coronavirus experiment begins to implode after only a week; Another much hyped coronavirus cure collapses when confronted with a serious scientific study; Study suggests antibodies are back on the table to provide lasting immunity to Covid-19; Pfizer's mRNA vaccine candidate may be approved as early as November; Update on my portfolio.
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This week, a lot of the important developments centered around the second virus wave health and economic data, the financial cliff, college reopenings and medical studies on antibodies.
This article is part 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 Snail-Like but Definitive Progress Fighting Second Wave of Virus Deaths
For the 23rd 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 179,805 (versus 172,132 last Saturday morning).