IMF Seats China’s Shaky Yuan at the Big Kids’ Table
China's yuan broke every ironclad rule the IMF set for a currency the world could rely on. Guess what the world's new reserve currency is?
China's yuan broke every ironclad rule the IMF set for a currency the world could rely on. Guess what the world's new reserve currency is?
In the frantic closing days of World War II, as Allied troops tightened the net, the Nazis desperately tried to squirrel away their stolen treasures, including millions in looted gold. Some has been found, other prizes still slumber in the secret depths.
It's sometimes easy to lose sight of one fundamental fact: An economy that's dynamic and open to new workers—and spenders—is an economy that's prepared to compete and thrive in a world where the only constant is change.
"Set it and forget it" is a great strategy for crock-pots. But if you put retirement planning on autopilot you really could get burned.
Financial experts can't hide their shock at Federal Reserve's continued failure of leadership, and the impact it's already having on our economy and future.
When it comes to investing, diversification equals protection. It's a comforting thought in a crazy market.
If you thought markets were crazy before, add in insecure consumers—who carry 70% of the economy on their backs—plus a divided OPEC and run-amok oil prices. Oh, and then there's a debate...
Florida's treacherous coast has devoured many a treasure ship. But the vast sums of gold and silver from the doomed 1715 Spanish fleet still rest tantalizingly within reach on the tempestuous ocean's floor.
These legendary rivals slug it out for the top slot in the gold-buying Olympics. But who really holds the biggest stash?
Once again the Fed's Lucy has yanked the football away from savers and retirees and, like Charlie Brown, we're flat on our assets. Is there a way to win the Fed's bait-and-psych game?