This Trifecta of Market Declines is Rare… And Not Good
This Trifecta of Market Declines is Rare… And Not Good
Notes From the Field By James Hickman (Simon Black) April 30, 2025
In today’s podcast, we explore the rare phenomenon of simultaneous declines in the stock market, bond market, and currency market—a powerful signal of capital flight out of the US.
We talk about when and where this has happened before, and why the Federal Reserve’s diminishing control over interest rates won’t fix it.
We also discuss what higher rates mean for the commercial real estate market, and how that reverberates through the banking system.
And we answer the question: is gold overbought, and inching towards a correction?
The podcast also covers:
Why gold, not Bitcoin, remains the ultimate safe haven for central banks.
Why the US dollar's dominance is fading—and what comes next.
The case for gold stocks over physical gold in today’s environment.
CLICK HERE to listen to today’s podcast.
(For the audio-only version, check out our online post here.)
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC