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Global Markets

China

A Yuan Reserve Currency Is Coming – Brace for a $2 Trillion Global Disruption

It's almost certain a yuan reserve currency will become reality 11 months from now, triggering a foreign currency shift of as much as $2 trillion – an existential threat to the U.S. dollar's status as the world's primary reserve currency.

Last week, Bloomberg reported that International Monetary Fund (IMF) officials have told Chinese officials that the yuan will join the organization's basket of reserve currencies "soon."

Here's why this will make the yuan a disruptive force...

The Fed

Why This Week's FOMC Meeting Won't Result in a Rate Hike

Investors are awaiting this week's FOMC Meeting, yet the overwhelming consensus is that the Fed won't raise interest rates.

The U.S. Federal Reserve's two-day meeting kicks off Tuesday. The Fed meeting will conclude with a statement at 2 p.m. on Wednesday. There will not be a press conference after the meeting.

Here's why the Fed will stand pat on interest rates at the October meeting...

China

Why Chinese Interest Rates Were Slashed Again Today

China's central bank on Friday cut both Chinese interest rates and banks' reserve requirement ratio. It's an effort to boost China's slowing economy.

The People's Bank of China (PBOC) trimmed its benchmark lending and deposit rate by 0.25% each. They are now at 4.35% and 1.5%, respectively.

The cut in Chinese interest rates comes just days after China reported its slowest GDP growth rate since the Great Recession...

Technology

Microsoft Stock to Thrive on This "Borrowed" Strategy (Nasdaq: MSFT)

The chart for Microsoft stock over the past two years suggests the stock's solid run in 2014 peaked in early 2015.

In 2015, MSFT stock is up less than 3% and has zig-zagged a lot along the way. But don't be fooled. The Microsoft rebound is far from over.

That's because the Redmond, Wash.-based tech giant has adopted a new, promising strategy.

Here's how this new strategy will generate billions of dollars in value for Microsoft investors...

Global Markets

America Is About to Import a Global Debt Crisis

A global debt crisis is coming. The warning signs have been emerging for months.

"This market instability is not going away. It's been building for six years. It can only end one way – with a 'Super Crash,'" Money Morning Global Credit Strategist Michael E. Lewitt told readers back on Sept. 8. "It's not just China that's creating this next (much worse) sell-off. It's also the massive, $200 trillion global debt bubble that's driving the world economy to its knees."

Now, it seems, major media outlets are finally catching on…

This week, an award-winning investigative journalist for Salon wrote a well-researched piece that concluded "trillions of dollars of investment in emerging markets has been fueled by cheap credit - and the bill's coming due"...

Economic Data

The Global Wealth Gap Has Grown Historically Wide

According to a new report from Credit Suisse AG (NYSE: CS), the global wealth gap has grown to historic proportions.

The top 0.7% of adults by net worth now control more than 45% of the world's total wealth.

Here's the full breakdown...

oil

What OPEC's New Romance with Russia Means for Oil Prices

Low oil prices have brought OPEC and Russia to the brink of partnership, but don't expect this new closeness to radically raise oil prices. Here's what the real impact will be.

OPEC's decision to protect market share over price has even hit American producers, with their huge, expensive-to-extract new reserves of shale and tight oil.

This is an important development. It means that for the first time in nearly 11 months, geopolitics is likely to give support to higher crude - meaning oil prices get a new push.

Global Markets

Are Global Stock Markets Pointing to a Bear Market?

Following a summer rout, global stock markets are on track to log their worst quarterly performance since 2011.

Plunging commodity prices, China's tanking stock markets, fears of a Greek default, and fears of a U.S. interest rate hike created extreme volatility in global stock markets in Q3.

And according to our experts, the trouble is far from over...

Global Markets

15 Vladimir Putin Quotes We'll Never Forget

Russian President Vladimir Putin has held office for 12 years and counting – longer than any other Soviet elected to the position.

The extensive reign, combined with his enigmatic personality, means plenty of memorable Putin quotes have racked up over the years…

Here are 15 of the most striking Putin quotes - you'll find the strained relationship between Putin, Obama, and their two respective nations surface in more than a few of these.

Global Markets

Putin vs. Obama – Calling Each Other Out in the UN Meeting Today

The 70th annual session of the United Nations General Assembly kicked off today in New York City. The gathering pitted Putin vs. Obama in their first face-to-face meeting in nearly a year.

Over the last 12 months, the decimation of the ruble, record-low oil prices, and Western sanctions have crippled Russian wealth.

But despite President Obama's stated "desire not to return to the Cold War," the two leaders made clear today that's exactly where this relationship - and the Russian economy - is headed...