In The News Today

Posted at 12:41 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Umm, just a question or two? We’d love to hear their “revenue” plans, or even their plans for breakfast tomorrow? Not trying to be hard hearted, but these people rely on food assistance but want to form a government and make laws? Please pinch me or wake me up, I never saw this coming!

Homeless Community At East Austin Camp Creates Committee ‘For The Homeless, Run By The Homeless’
January 30, 2020

AUSTIN, Texas – The homeless community at a state-sanctioned campground in East Austin is organizing into their own town.

So far, they’ve selected seven members to help bring in donations and put together community events.

The once mostly empty lot off U.S. 183 and Montopolis in East Austin has become home to more than 100 people without another place to go.

“We give everybody a chance. We don’t judge your past history or nothing like that. We give everybody a chance,” said Cori Roberts, the secretary of the committee.

Once referred to as “Camp Abbott” because the governor opened the state-owned land to the homeless population, people there are now calling it something else.

“It’s called ‘Camp R.A.T.T.’ Responsible Adult Transition Town. For the homeless, run by the homeless,” Roberts said.

Like every town, Camp R.A.T.T. now has its own list of leaders.

More…

Bill Holter’s Commentary

It seems the bond market agrees with this?

Chicago PMI Plunges To Lowest In 4 Years
January 31, 2020

After slumping into year-end, Regional Fed surveys have (surprisingly) exploded higher this month with Richmond and Philly surveys spiking almost by the most on record.

Today’s Chicago PMI was expected to follow suit – though less excitedly – with a modest gain but instead it missed massively, plunging to its lowest since Dec 2015 – printing 42.9 vs 48.9 expectations.

bfm7218

More…

Jim Sinclair’s Commentary

Being prepared is not entirely for financial reasons.

How Bad Will The Coronavirus Outbreak Get? Here Are 6 Key Factors
January 31, 2020

As the coronavirus outbreak continues to spread across China, a flurry of early research is drawing a clearer picture of how the pathogen behaves and the key factors that will determine whether it can be contained.

How contagious is the virus?

It seems moderately infectious, similar to SARS.

How deadly is the virus?

It’s hard to know yet. But the fatality rate is probably less than 3 percent, much less than SARS.

How long does it take to show symptoms?

Possibly between 2 to 14 days, allowing the illness to go undetected.

More…