Deutsche Bank released its annual Long-Term Asset Return Study last week. The report claimed that, based on 200 years worth of data, three key assets classes, housing, bonds and equities are all trading close to peak valuation levels relative to history.
Alongside this claim, the bank also used its long-term data to highlight trends across other several other asset classes and asset performance during monetary policy tightening cycles. One of the studies in the booklet looked put recent commodity market decline into historical context, using data going back to 1915 and in some cases, even further.
Commodity decline in historical context
The Bloomberg Commodity price index hit a 13-year low earlier this summer, capping what has been a tumultuous 12 months for commodity prices. Iron ore,...
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