We explore real-life reformation here in this informed, online community.
Pastor Kevin Swanson makes two good points.
1. American stocks are overvalued.
2. There will be a big correction in 2024.
"Are American stocks overvalued?
The NASDAQ stock index has hit an all-time high, closing Friday at 16,826. That’s up from 1,204 in 2009, a 14-fold increase.
The Dow Jones Industrial Average closed for the year 2023 at 37,690, up from 7,060 in 2009. That’s a 5-fold increase. Meanwhile, almost every other stock market in the world hasn’t come close to these valuations.
WolfStreet.com reports that the Chinese Shanghai composite is still where it was in 2009. Japan’s Nikkei is leveled off where the index stood in 1989. The UK FTSE Index is up about 50% since 2009. Spain’s IBEX index is still where it was sitting in 2009. Canada’s Index is up about 40% from 2008.
Economist predicts 2024 “biggest single crash year in our lifetimes”
Is the American industry really doing 20 to 100 times better than England, China, and Japan?
U.S. economist Harry Dent told Fox Business: “Since 2009, this has been a 100% artificial [economy], with unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. … We’re in a dangerous state. 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”
The economist forecasts an 86% crash in the S&P, a 92% crash in the NASDAQ, 96% for crypto, and significant deflation on housing prices.
But Jesus said, “Take heed and beware of covetousness, for one’s life does not consist in the abundance of the things he possesses.” (Luke 12:15) Our Savior also said, “Lay up for yourselves treasures in Heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” (Matthew 6:19-21)"
Even Marine Le Pen’s recent statements track this line: personal Islamic practice is compatible with the Republic; replacing French law with Sharia is not. French Muslims who are simply citizens practicing their "religious faith" “have no reason to worry” about a Le Pen election victory.
But can one be a practicing Muslim without demanding and practicing Sharia?
Eph 3:20 Now to Him who is able to do exceedingly abundantly above all that we ask or think, according to the power that works in us,
Eph 3:21 to Him be glory in the church by Christ Jesus to all generations, forever and ever. Amen.
Serious numbers of migrants arrived in Massachusetts from 1630 - 1640. Roughly 21,000. By 1700 they had become 91,000. Their immediate priorities: having families, building farms, forming towns, and building institutions Old England never developed on local levels. But the new Americans didn’t just reproduce the country they left. They built institutions England didn’t yet have.
Year 1 — a seagoing vessel launched at Medford, 4 July 1631. The shipwrights had been sent out in 1629, ahead of the fleet.
Year 4 — representative government. Elected deputies sitting in the General Court.
Year 6 — Harvard. £400 voted for “a schoale or colledge.”
Year 8 — a printing press, the only one in British North America. Glover died on the voyage out; his widow Elizabeth moved the operation to Cambridge and got it running.
Year 10 — the Bay Psalm Book, the first book printed in America.
Year 11 — the Body of Liberties, read aloud at every General Court.
Year 12 — the 1642 law: every ...
