By Jason Devaney – Re-Blogged From Newsmax
The president-elect of Brazil signaled his desire to follow in President Donald Trump’s footsteps by relocating his country’s embassy in Israel from Tel Aviv to Jerusalem.
Jair Bolsonaro posted on Facebook on Thursday he will follow through on a campaign promise regarding the embassy after he takes office.
Re-Blogged From Stratfor.com
Highlights
(NELSON ALMEIDA/AFP/Getty Images)
By Michael Barnes – Re-Blogged From Liberty Headlines
Another dire climate change disaster appears to be averted.
According to conventional climate change wisdom, and alarmist news reports, the world’s supply of coffee beans was supposed to be in jeopardy of near extinction.
IMAGE: Couleur (CC) via Pixabay
By Egon von Greyerz – Re-Blogged From Gold Eagle
Many emerging markets are now turning to submerging markets as country after country is experiencing falling economies, currencies and stock markets.
The currency is often the best indication of a country’s economic health. Just look at these six currencies submerging into obscurity:
Re-Blogged From Stratfor
Highlights
(AFP/Getty Images)
By John Rubino – Re-Blogged From Dollar Collapse
One of the things giving “data-driven” central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. In the US the thing most people think of as inflation is the consumer price index, or CPI, which is now running comfortably above the Fed’s target. But the Fed prefers the personal consumption expenditures (PCE) price index, which tends to paint a less inflationary picture. And within the PCE universe, core PCE, which strips out energy and food, is the data series that actually motivates Fed action.
By John Rubino – Re-Blogged From Dollar Collapse
Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because oil is priced in dollars. So Brazil, for instance, finds itself buying an appreciating necessity that’s priced in an appreciating currency:
Steep Oil and Strong Dollar Make Toxic Brew for Global Economies
‘Brutal’ rally in dollar-priced crude hammers governments, strains consumers from U.K. to Brazil.
