Word: crude
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...rarely has an investing verity been more important: information - solid, accurate information - is as good as gold. When market pundits and analysts prattle on these days about the "re-rating of risk" and the lack of "liquidity" in the markets, what they are really talking about are gauges, however crude, of ignorance - and of fear based on ignorance. In the unfolding financial story of the year - the bursting of the global economy's credit bubble - "the biggest problem is we don't know what we don't know," says Khiem Do, head of Asian Multi Asset investing at Barings Asset...
...Crude-oil prices are reaching record highs, though not for reasons of supply and demand or geopolitical risk, says Lynn Westfall of Tesoro Corp. Higher prices reflect the ebb and flow of money in financial markets. As stock and bond markets slide, hedge-fund managers pump money into commodities like oil. [This article contains a chart. Please see hardcopy of magazine...
...prices for crude have soared to record high levels...
...broad-brimmed hat amid a field of Texas bluebonnets stands in the LBJ Library, capturing both that southern gentility and her passion for nature. But her lilting, soft and round East Texas accent, her passion for natural beauty and her devotion to a man some found loud and crude, masked a steeliness that served both her and her family well...
...given their level of education, isn't it surprising that the plotters chose such crude weaponry? Yes and no. True, the foiled bombs were rudimentary collections of gas canisters, gasoline and nails--no biological, chemical or radioactive elements, not even any C4 or TNT. But what matters is not the technological complexity of a device but how many people it can kill. The London car bombs were fuel-air explosive bombs--designed to produce a huge fireball by igniting aerated liquid gasoline. Had they worked, scores of people could have been severely burned. Similar explosives were used...