It is hard to believe that the great financial crisis started 5 years ago today when the subprime crisis surfaced, as many would feel like it was only yesterday.
Jim Reid of Deutsche Bank reflects on the crisis today, and the chart below from his latest note shows the performance of various asset classes over the last 5 years. The best performing asset turns out to be corn, followed by gold and silver. The worst asset classes were mainly European peripheral stocks. Funny enough, the Shanghai Composite was the 6th worst performing asset class.
Source: Deutsche Bank (click to enlarge):