Oil Exporting Countries Must Diversify

Due to changes in the global economy, oil exporters, especially those in the Middle East, must diversify into other industries in order to survive, states CNBC in a recent article. This is nothing new, but is becoming more urgent.

Countries such as the United Arab Emirates have began changes long time ago. Dubai, for example, has become not only a financial center, but a tourist destination as well. Now, Egypt is looking to make changes. Recently, International Monetary Fund’s leader, Christine Lagarde, praised Egypt for making significant progress with economic reforms. Ms. Lagarde admitted that it will take time before these structural changes take effect and make things better, but they still are needed.

Egyptian economy is now growing at 5 percent a year, a vast improvement from a deep crisis after the Arab Spring. Due to political turmoil and terrorist attacks, tourism has dropped, affecting many people. Back in 2016, IFM provided a $12 billion bailout to the country. There are other encouraging signs. Inflation peaked at 35 percent last July, but is expected to drop to 12 percent this year.

Still, there are many unresolved problems. The country’s population of 90 million continues to rise, making it difficult for the economy to give jobs to all young people. And that can lead to more unrest.

There are encouraging signs from other countries in the region, too. For example, Morocco has been doing fine lately when it comes to economic growth and stability.

The Biography of Jeff Yastine

Jeff Yastine is also referred as JL. He is the Banyan Hill Publishers’ editorial director, a position he has held since 2015. Yastine is also the Total Wealth Insider’s editor where he makes a weekly publication. His work aims at assisting new investors to grasp and benefit from various industry opportunities. Jeff Yastine also makes a weekly contribution to both the Sovereign and Winner Investor Daily. Here, he assists investors to familiarize with economic, business, and money trends. The financial editors also demonstrate the profitable advancements.

He has an extensive experience record of over two decades, working in the stock market investments and financial journalism. Mr. Yastine is a former financial correspondent and PBS Nightly Business Report anchor. He worked there for 16 years from 1994 to 2010. Jeff spent all those years looking for and speaking with some very successful entrepreneurs and individuals working in the financial sector. Most of his reported stories were about investments, ranging from small capital stocks to big companies’ turnarounds.

He made a big contribution to NBR Guide to Purchasing Bonds back in 2002. In 2007, he got nominated for an Emmy Award after investigating America’s deplorable infrastructure that included roads, dams, and bridges. The award was about business and financial reporting. He has received 15 Emmy Award nominations since he started working.

In all matters regarding investments and finances, Jeff is a master. He has had the pleasure of working with the best when it comes to this industry. They include Michael Dell and Warren Buffett. These personalities taught him numerous techniques. He has utilized these techniques to help his readers. Apart from writing and working in the investment industry, Yastine has also worked in clubs, real estate, restaurants, and other establishments.

Jeff Yastine is very philanthropic and has helped those who were affected by the Hurricane Katrina in 2005. He was among those who were assisting the victims with recovery. Jeff also extended a helping hand to people who were affected by the oil spill in 2010. As an investor, these acts have set him apart and earned him a lot of respect.

In regards to cybersecurity, Jeff Yastine feels that any company manufacturing digital sensors, chips, and other flaw detecting hardware should learn more about the likely faults and risks that come with their products. They should then proceed to develop solutions that will help avert these flaws to help them avoid future problems. He has erred along the way and learned from them. For example, in 2000, he prematurely sold his Adobe shares. This taught him about the volatility that comes with technology stocks and how to deal with it. Apart from working, Jeff Yastine also enjoys playing table tennis and fantasy sports. He also loves traveling and has been to Cuba.

Related  info can be found at https://jeffyastineguru.com/


More Americans Giving Trump Credit For Current Economic Climate

In what could be a first for the American public, they appear to be separating their personal feelings from political reality. Although many Americans do not like President Donald Trump, they do like the way he is handling the U.S. economy.

Many Americans are very optimistic about the future of the economy and are happy with the current state of the economy. Additionally, many people are giving Trump credit for the nation’s improving finances. However, Trump’s approval rating is still at historically low levels, but his approval numbers have shown signs of improving.

A recent poll from Quinnipiac College shows that Trump’s approval rating is around 40 percent, but 70 percent of respondents say that current economic conditions under Trump are either good or excellent The poll also showed that 48 percent of respondents think Donald Trump has more to do with the current state of the economy than former President Barak Obama.

Some polling experts are sitting up and taking notice. Many more Americans now think that Trump did not inherit a good economy from Obama, but instead believe Trump is the reason for the stronger economy. Experts also think that many Americans are coming to terms with the fact that they do not like Trump on a personal level, but overall he is good for the U.S. economy. The results seem to indicate that more Americans do not need to like a president on a personal level as long as things get done.

The Venezuela Hugo Chavez Built Is Crumbling Thanks To His Hand-Picked Successor

When Hugo Chavez took over as the president of Venezuela in 1998, the country was facing challenging economic issues. Chavez was able to unite the country thanks to the largest oil reserves in the world. Venezuela was basking in oil and the wealth that comes with that oil. The country was well on its way to becoming one of the most successful modern-day socialist countries on the planet. Chavez gave the people hope by establishing social programs. But Chavez wasn’t afraid to spend money he didn’t have because the world needed what he was selling and he had plenty of it.

When Chavez finally met his maker in March 2013, he gave the keys to his office to Nicolas Maduro. Maduro isn’t the social reformer or a smart politician. So when the economy started to fall apart when oil prices hit rock bottom, Maduro put his own socialist plan together. But the Maduro plan is not about Chavez socialism. Maduro’s government is more authoritarian and military in nature. Instead of reaching out and getting help from other countries, Maduro decided to bash the United States and its allies, as well as confiscate farms, businesses, and retail stores so he could have complete control.

Maduro’s Venezuela is experiencing the largest recession in modern times. The International Monetary Fund predicts the country’s economy will contract by 15 percent in 2018. And inflation will hit 13,000 percent. No one is sure what will happen next in Venezuela. There is a mass exodus going on. People are moving to Colombia, Brazil, and other South American countries. But Maduro is standing strong, and the world is shaking its head in disbelief.

South Africa to Host Annual BRICS Summit


The government of South Africa is steadily preparing to host the 10th annual BRICS summit this year in Johannesburg.
BRICS is a five-member consortium of emerging economies: Brazil, Russia, India China, and South Africa. The summit will be held from July 25-27.
South Africa took over the chairmanship of the organization from China on January 1 and will continue in this role until December 31.
“BRICS is an important global formation and South Africa is privileged to host the summit the second time around, as we enter the second decade of cooperation,” said Anil Sooklal, Deputy Director General of the Department of International Relations and Cooperation (DIRCO). South African hosted the fifth annual BRICS summit in 2013.
The first formal summit of the BRICS group was hosted by Russia in 2009. The heads of state from each country met in Yekaterinburg to discuss world economics in the aftermath of the 2008 global financial crisis.
The BRICS relationship has been fruitful for trade between the five countries. In 2105, over $255 billion was transferred between the nations in goods and services.
According to The South African, exports to BRICS countries increased by 12.3 percent from 2011 to 2016 to $11.5 billion while imports increased 100 percent to $19.2 billion in the same period.
In addition to economic discussions, the summit will also address issues of gender and women empowerment, said Sooklal.

Stock Market Plunge Last Week Reveals Two Different Types of Investors.

The stock market dropped over 1,000 points last week, and it affected two different crowds in two different ways. The drop was attributed to wage increases in the job market for the start of 2018; they were much higher than expected for the January job report. U.S. corporations prospered in 2017 and wages were raised accordingly, but it was unexpected.

Higher wages normally set off a domino effect throughout the economic world raising the specter of inflation and interest rates. Traders and investors may expect the end of an amiable inflation that they had been used to in the market. Investors speculate – that’s what they do, so naturally, the major stocks will experience fluctuation, but the fluctuation is interpreted differently between two groups of speculators: the “momo” or the momentum group and the “smart money” or professionals.

As Valentines Day rapidly approaches, it appears that the smart money is opting to wait until crucial information is revealed in the Aurora Report before they make any major decisions to buy or sell large sums of money and stocks. Waiting is a conservative approach, but it’s only until Wednesday, Valentine’s Day, and the results will be released. At 8:30 am sharp, the CPI or Consumer Price Index and inflation report will be public.

Both groups have been debating if it really does make sense to make major decisions and trade before the CPI comes out. Smart money has been laying low, but the “momo” was actively selling stock. On opening Monday morning, the “momo’ was observed to be buying again, while the smart money was remained quiet.

Law and Technology: Michael Hagele

Michael Hagele is a man of various talents. He is not only a lawyer but keeps his pulse on the latest technology and the legal implications of new technology. Michael Hagele received his Juris Doctorate from the University of Southern California at Berkeley. He has dealt with many legal issues when it comes to the use of the internet and its worldwide applications. His expertise now lies in creating legal agreements for the distribution and development of new internet communications and working in the hardware arena. In an interview with Ideamensch Michael Hagele talks about what his days are like and what excites him about the future of technology.

Michael says that his days are always pretty busy and never the same. his days start by talking to clients. This will take up most of the morning and he discusses subjects like intellectual property, legal counseling and the like. He works with the client to make sure that the contract that is drafted is fair to all sides involved especially when it comes to new technology and the ramifications. For his afternoon sessions, he does more of the same and to find common legal ground on new issues or try his best to resolve older matters that are continuing. This can run well into the evening as well. He also makes sure that his investments in new technology companies are on track too. View Michael Hagele’s profile at LinkedIn

Michael says that the one thing that is upcoming in the future that makes him very excited is the use of artificial intelligence. He says that the various applications of it are limitless when it comes to a most important topic. That topic is genetics. He says that genetic programs using this technology can drive the entire industry forward into the future. By refining certain programs companies can cut costs by figuring out which programs work best for them.

Michael Hagele is a man who is working to make sure that technology is fairly applied in the arena of the legal system. These are subjects that he loves and enjoys doing the work to help his clients. More info about Michael at http://inspirery.com/michael-hagele/


George Soros Upstages Trump At Davos But The Billionaire’s Real Mission Is To Stop Brexit

George Soros is not a Trump fan. In fact, the hedge fund billionaire and philanthropist never liked Trump even though he invested in one of Trump’s hotels in Chicago. Trump went to the recent World Economic Forum in Davos, Switzerland to tell economists and world leaders that the United States is making the world great again. But many of the attendees thought Trump’s appearance was nothing but Hollywood hype. Soros knows how Trump operates, and he is spending millions of dollars to set up a Trump demise in 2020.

But Trump is not the only thorn in Soros wealthy fingers. The Brexit vote was a shocker for Soros. Mr. Soros is a staunch European Union critic, but he also knows the EU is Europe’s economic hope on the world stage. Soros wants the U.K. to stay in the EU, and he is putting his money where it counts. George is supporting the anti-Brexit movement in the U.K. That movement, The Best for Britain movement just got a $560,000 check from the Soros Open Society Foundation. George also had a party in his London home to gain support for nixing Brexit.

Soros and former UN Deputy Secretary-General, Lord Mark Malloch-Brown are planning a comprehensive ad campaign to push for another referendum vote that could reverse Brexit. Reversing Brexit is a Soros mission, but his main mission is to send Donald back to Trump Tower permanently. And he has the money and the power to do it, especially if his Democratic Party gets its act together.

The Pound Got Stronger In January In Spite Of Brexit

The Brexit horror stories coming out of the U.K. are hard to ignore. Brexit is taking more time and costing more money than the Brits thought it would. The EU is standing firm and forcing the U.K. to do the right thing by tying up Brexit loose ends and committing to pay the EU a fat separation check. That should make EU leaders sleep a better. There’s no doubt. The EU needs the U.K. as a trading partner and as a money source, but getting to a finish line that both sides can cheer about is not going to happen. This first-ever break by a major power from the European Union and it’s not pretty.

To say the Brexit deal is a tangled web of political maneuvering and hurt egos is an understatement. The United Kingdom is trying to figure out how they can develop new trading partners while the country’s economy is taking a beating. Inflation is up to 3.0 percent, and the pound is down, except for a surge in January 2018. The rules behind the actual break with the European Union is still up in the air. It’s safe to say the British are cursing what Brexit is doing to the country, even though the majority of voters thought membership in the EU was a bad deal.

Time will shed light on the real Brexit story. Manufacturing in the U.K. is better than expected, but the Bank of England is still raising interest rates. The Brits want 2.0 percent consumer growth, but rising prices, slow wage gains, and Brexit are standing in the way.

Cybersecurity Was A Main Topic At The World Economic Summit

The Internet of Things (IoT) connects the physical world with the digital world. It is the intersection of economics, technology, and social imperatives. The Internet of Things is always a topic of conversation in industrial conferences, but the recent World Economic Forum in Davos, Switzerland put a lot of emphasis on the topic. The word Superpowers is taking on a whole new meaning on the world economic stage. Superpowers are not just the nations that exert influence on global issues. Superpowers are now the technological superpowers like mobile technology, artificial intelligence, the cloud, and the IoT imperative.

There were several panel discussions about cybersecurity as well as corporate priorities at the Davos conference. A recent estimate claims industrial IoT will add $14 trillion in economic value to the world’s economy by the year 2030. But the cybersecurity piece of the IoT imperative is the piece that got a great deal of attention at the Davos Forum. In the 1950s, a single industrial control system breach would impact a single plant. A single breach today will create global ramifications.

The Davos conference was the perfect setting to discuss not just the advantages of using the Internet of Things, but it also was the backdrop for discussing system vulnerabilities. And the potential for some of those vulnerabilities to become weapons. Standards for cybersecurity must be in place. And insurance companies must play a role in that security in order to create a culture of cybersecurity, according to members of the Davos Forum.