Word: spikeness
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...prices were languishing at about $10 a bbl.--so the former paratroop commander campaigned to revive OPEC, persuading the cartel to rein in production to boost prices. The effort paid off when the 2003 U.S. invasion of Iraq shook oil markets and prices began their awesome ascent. The spike also helped Chávez recover from a reckless and devastating 2002 strike by his opponents inside PDVSA...
...slow, dropping 10 percent. Adidas Originals said they had a 20 to 25 percent increase in Friday’s sales over last year’s. Everything’s Jake and Cardullo’s Gourmet Shoppe also reported sales increases. Although it did not experience a spike in sales after Thanksgiving, Berk’s Shoes has benefited from a seasonal surge. “I wouldn’t say there was a big jump this weekend,” said Assistant Manager Markelle Valdez. “But it’s been a pretty...
...Thanksgiving and during the week of Valentine's Day. Offline, most jewelers report that the busiest weeks for engagement ring shopping are those between Chrismas and New Year's (probably because most proposals occur on either Christmas Day or New Year's Eve). So, why does the online shopping spike take place a week earlier? My analyst team offers the "ultimatum theory" - to which I don't subscribe - as an answer. They think the online spike is likely caused by the potential bride's ultimatum: If she's going to bring her boyfriend home to meet the parents...
Declining faith in the dollar also helps to explain the surge in prices of a host of commodities - a classic hedge against currency instability. This includes the spike in oil, which has been further boosted by soaring demand, political turmoil in the Middle East and rampant speculation by trend-following investors. "Four times in the last 40 years we've had major disruptions in global oil supplies coming from geopolitical events in the Middle East," says Lewis Alexander, chief economist at Citi. "If you were to see one of those scenarios play out, that would be a big additional shock...
...such sparring, the sentiment this year is far better than it was 12 months ago. Then, as the Iraq war loomed, the board was worried that a "culture of caution" had taken root among consumers and businesses alike. Today world trade is up; oil prices didn't spike, as was feared; mergers and acquisitions are back in fashion; and U.S. consumers, boosted by President Bush's tax cut, are buying the whole world out of the doldrums. Even Japan's economy, mired in recession for much of the past decade, is growing at a healthy pace again. "There...