Examining the “Masters Hypothesis” About the Role of Index Funds in the 2007-2008 Price Spike

Michael Giberson From the most recent (January 2012) edition of Energy Economics: “Testing the Masters Hypothesis in commodity futures markets” by Scott Irwin and Dwight Sander. The “Masters Hypothesis” refers to claims by investment manager Michael Masters (in testimony before a Senate committee -included in this collection– and on the TV program 60 minutes, among … More Examining the “Masters Hypothesis” About the Role of Index Funds in the 2007-2008 Price Spike