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)"
Tomorrow is the President’s State of the Union Address. I have no preview of what he will say. It may be rewritten an hour before presentation because the state of our affairs is changing by the hour.
My question every year at this time: will the speech reflect the same reality that God sees when He considers our state of affairs, the condition of our collective “heart,” and the relative unresponsiveness of our souls?
I have a lot of long-term hope for our nation because I’ve seen the historical evidence of nations rebuilding the ruins of their early foundations, and rediscovering righteousness, peace, and prosperity. I’ve seen the records of their rebuilding Christian civilization on top of ruins.
I’m watching a number of small communities in the US rebuild countercultural families, their churches, their marriages, and their radical independence from the government. These communities are rediscovering the meaning of hope and the favor of God.
But, overall, what is the state of ...
Is there any way back to Christendom?
Maybe. Conquered Spain tried it and finally succeeded after 7 continual centuries of hand-to-hand combat with the dominant, militant Islamic culture.
Remarks Robert Spencer, "The worst aspect of the cultural and civilizational suicide of Britain is that it didn't happen through conquest. When the Normans were victorious in 1066, at least the natives put up a fight. They were defeated, but they had nothing to be ashamed of. Now, the leftist political elites, in pursuit of short-term electoral gain and long-term socialist internationalism, have surrendered the nation without a shot being fired. Tony Blair and David Cameron and Theresa May and Boris Johnson and Rishi Sunak and Keir Starmer and their friends, allies and henchmen will be remembered as perpetrating the greatest betrayal in human history outside of the actions of Judas Iscariot."
