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Wednesday, February 11, 2009
The raging debate coming out of the news cycle is about what makes a role model.
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Wednesday, February 11, 2009
On this Valentine’s Day weekend at this challenging time in our history, it simply feels right to be discussing the importance of self-love.
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Wednesday, February 04, 2009
When it comes to our country’s economic woes, Americans young and old, from different classes, education levels, and political affiliations, are demonizing, mocking and deflecting the majority of the blame to chief executive officers.
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Wednesday, February 04, 2009
We’re a month into 2009 and I’m already tired of the good vs. evil, black vs. white mentality that seems to dominate every discussion on finances. Can we get into some gray area? Maybe venture into the world of nuance?
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Wednesday, January 28, 2009
A look at the different attitudes and solutions people have with regard to their finances
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Art & Entertainment : KrelWear 2009 Resort Collection
Thu, 18 Sep 2008 | 5:37 pm -
Eat & Drink : Best Burger: Le Tub
Sat, 26 Jan 2008 | 5:28 pm -
Ideas : Giving: Howard Buffett
Wed, 17 Sep 2008 | 2:52 pm -
Real Estate : Esther's Island Green Build
Mon, 17 Nov 2008 | 3:11 pm -
Social : Sundance Sunday
Thu, 18 Sep 2008 | 5:43 pm -
Sport & Outdoors : Birds of Prey 2008
Thu, 15 Jan 2009 | 4:23 pm
FOX Translator
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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
