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)"
Note date and time. Mr. Trump just threatened to blow up Iranian power plants if the Strait is not opened within 48 hours.
Apparently Iran responded, indicating a willingness to do so if Mr. Trump agrees to these conditions:
America will end the war with
— Guarantees of no future wars
— Closure of US military bases in region
— Compensation/war reparations to Iran from both US and Israel
— ’End wars on all fronts in region’
— Establishment of a new legal regime for Strait of Hormuz
— Prosecution and extradition of individuals affiliated with ‘hostile media’ to Iran
In February, America cut off negotiations just prior to a sudden missile barrage. Will that happen again? The world is watching the countdown.
Are people of the twenty-first century too messed up to love one another, sacrifice for one another, or to mature in the presence of difficulty?
For modern marriages, three decades of therapeutic counselling trends are bearing destructive fruit. It's an ongoing revolt against maturity. Sanctification is today a foreign concept, even in the Evangelical world.
What do people count as relational wisdom today? Fighting for your own personal "rights"...and winning in the process. Perfecting clever snarkiness. Outdoing one another in selfishness. Juxtaposing personal dreams and ambitions against another's personal dreams and ambitions.
The way forward when life together gets unbearable? Grumble to a "counselor." Or, if you're tech-savvy, crowd source your therapy. Pour out all your grudges and aversions on the internet, in the guise of "getting a little perspective" [and advice from the mob.]
Today the internet mob is a feedback loop which has become a death spiral -- a chorus...
