U.S. Covid Failure Is Getting Harder for Markets to Ignore
Despite gobs of central bank money being deployed, health dangers remain and the risks for markets appear to be to the downside.
The U.S., for now, appears to be on the losing end of the coronavirus fight.
Photographer: dowell/Moment RF via Getty Images
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The year is still not half over. The history of Covid-19, and how it should best be combated, will not be written for a long while yet. So far, 2020 has already seen prognostications that the pandemic could mean the end of Xi Jinping and the communist regime in China, and that socialized or nationalized health care had been shown to fail definitively during the disaster that afflicted northern Italy in the late winter.