| The commodity boom of the past decade had all the hallmarks of a typical bubble: massive retail participation (through ETFs, mutual funds etc…), large pension fund involvement, a widespread belief that ‘this time, things were different’ and that a ‘commodity super-cycle’ was unfolding.
But like all bubbles, this one too has come to an end. There were plenty of potential triggers in the shape of (i) the Federal Reserve’s decision to stop printing money; (ii) China’s slowdown and associated anti-corruption drive which means that managers at state firms have no incentive to bid up commodity-producing assets;..............................................Full Article: Source
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