Archives for December 2015

December 2015 - Page 27 of 28 - Money Morning - Only the News You Can Profit From

Don't Let the IMF Fool You - It Had No Choice But to Add China's Yuan

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The IMF just approved inclusion of China's yuan in its basket of global reserve currencies.

Of course, the IMF would have us believe it allowed the yuan into its basket, as though it was the one in control. Managing Director Christine Lagarde said the yuan's inclusion was based on a clear indication of the reforms China has carried out.

But the truth is the IMF had to include China's currency into its basket – sooner rather than later.

China doesn't need the IMF, all it wants is the legitimacy a reserve currency confers on the nation,Money MorningCapital Wave Strategist Shah Gilani said on Monday.

It's actually the other way around - the IMF is the one that needs the yuan. Here's why...

The Most Powerful Argument You'll Ever See for Staying in the Stock Market

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Investors pulled almost $40 billion from stock markets last quarter alone, according to Morningstar. That's nearly 50% of everything taken out for all of 2015.

But here's the thing… no matter how grim the global situation is or even becomes, indiscriminately selling is exactly what you don't want to do.

It's one of the worst possible decisions any investor can make and, ultimately, one that will cost investors billions in lost profits.

Today we're going to talk about why and, because this is not a simple subject, I'm going to prove it to you, too.