Word: stocked
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Dates: during 2000-2009
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Printmakers are often embarrassed by prints in general - by print posters available online, or the canvas prints that design shops stock by the dozen. Tawdry works like these have brought Matisse or Warhol to countless college dorms and dental clinics, but their low cost and ubiquity means that printmaking is often seen as the art-world equivalent of a takeaway cheeseburger: cheap and insubstantial...
Investors have spent the past year or so relearning an important lesson: stocks are risky. From May of last year to March of this one, stocks in the U.S., as measured by the S&P 500 index, lost more than half their value. Many overseas stock markets did even worse...
After being burned, we humans tend to avoid what singed us and seek something soothing. High-quality bonds - in particular, the "risk free" ones issued by the U.S. government - were the most soothing investments of all during the financial crisis. While stocks were losing more than half their value, 10-year Treasuries returned more than 10% during that May-to-March period. And so - big surprise - investors have poured $240 billion into bond mutual funds so far this year, according to the Investment Company Institute. Stock funds - despite a big rebound in stock prices since March - have taken in less...
Makes sense, right? Stocks, risky. Bonds, safe. Or at least safer. But risk in financial markets has an irritating habit of following investors around. The big rush into bonds - especially high-quality, low-risk bonds such as Treasuries and government-guaranteed mortgage securities - may have created a situation in which most of today's bond investors are bound to lose money. Not 50% losses, as in the stock market, but losses nonetheless. Which for many newcomers to bonds will be a big shock...
...Orwell noted many years ago, "beyond a certain point, military display is only possible in countries where the common people dare not laugh at the army." In Beijing, tensions have run high and security has been tight in the run-up to Oct. 1. The government places great stock in the value of this sort of national spectacle, and the public has been barred access to streets where the parade takes place. While the events are meant to herald China's arrival as a modern superpower, the era when the Qing Emperor would sit perched atop his throne...