David Bird: Investors accustomed to 40 years of falling trends in global economy

David Bird: Investors accustomed to 40 years of falling trends in global economy
Hard assets and economic cycles

David Bird warns that many investors likely do not hold enough hard assets. He explains that over approximately 40 years, participants in the global economy have become used to an environment characterized by generally falling trends.

Bird suggests newer market participants should understand this long-term shift and its implications for economic and investment strategies.

Bird has commented on market activity in various asset classes in recent reports. He noted that the recent gold price drop at Jackson Hole followed technical analysis rather than headline economic events such as inflation or rates, as reported in an earlier article. In a separate analysis, he suggested that waiting for a Bitcoin price low in October 2026 could lead to missed opportunities, drawing parallels to previous investor hesitation in past buying cycles.

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