The Worst We’ve Seen 😷

Table of Contents

The Worst We’ve Seen

During the pandemic, the country considered the epicenter of the coronavirus was the United States. However, in the last few months, the US has worked extremely hard to decrease infections and deaths by enforcing masks and vaccinating millions of people. With the US rounding the corner, it looked like the world could come back to normal. Unfortunately, COVID-19 found its new home in the second largest country by population: India.

India’s handling of the pandemic was exceptional. They hadn’t faced a surge until June, and even that was handled very well, with a peak of about 95,000 infections per day. The country was reopened fully, and life was normal for the general population. This was until the B.1.617 variant was formed in India, one that is rumored to be much more infectious and deadly. Mixed with carelessness, the last month has been very brutal. India broke infection records, with the current caseload at 400,000.

This has turned into a vicious humanitarian crisis. With the infection rate shattering the healthcare system, there are a lack of beds, treatment, and most importantly, oxygen. This is leading to thousands of deaths, with many unreported as people are often dying on the streets. It comes with the fact that due to poor infrastructure, many are in close proximity, which is a dream situation for viruses to spread. India is also facing a shortage of vaccines, as supply is dwindling with high demand. All of this creates a dystopian situation for the country, where infections are increasing exponentially, and death is no longer unlikely.

Countries have pledged their support, with President Biden planning to send 60 million doses of the Astra-Zeneca vaccine and France sending oxygen generator plants. Support is necessary as this looks like one of the biggest disasters in recent history. Without help, other countries could be facing problems as India’s economy is vital in many areas, especially the pharmaceutical sector. However, India needs your support too. Consider donating to Indian charities and GoFundMe’s because if it isn’t evident yet, they need your help to save their lives.  

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Higher Rate Households 📈
27 September, 2023

The recent Fed decision to pause rates has left the federal funds rate at its highest level since 2000.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.