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Date: Thursday, 26. November 2015
Author: Gast
Review:
I\'d like to take the job dissertation abstract Returns in commodities markets in the past were driven more than they are now by market-specific issues. Think about a refinery fire or a drought. Now, however, since more of the market is owned by investors rather than driven by users and suppliers there is a higher chance of prices being driven by a pass-through from shocks to the real economy. As those shocks also drive equity prices, correlations rise.
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