14.03.2013 - The truth about commodity boom and busts
Commodity investors may have dramatically underestimated the length of cycles that commodity prices experience, a paper by a leading academic has claimed. In a paper entitled "From Boom to Bust: A Typology of Real Commodity Prices in the Long Run," David S Jacks looks into the cycles the asset class have undergone in the past 160 years. He found that the real value of 30 commodities studied - which represented $7.89 trillion in production in 2011 - had, by the end of 2011, rapidly increased since 1900...........................................Full Article: Source
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