The Markets Are Terrified: Should You Be?

Nope. My treasure is in Heaven.

 

Yep, so is mine. Jehovah Jireh.

 

Remember the context (Gen 22:1-14) He provides Himself as our substitute--the Ram held by His strength, not by His weakness...

 

I'll tell you how terrified I am.

I'm buying a house next Monday.

 

I just applied for another big extension on my business credit. raying:

 

Now this has to be THE best answer I have seen in a long while... :thumbs:

I have no reason to fear directly because I have no credit, don't plan to get any credit and am now sure they'd tell me no. I'm kind of releived so I tossed the stack of credit card offers in the trash.

I was listing to one economic expert today and she got real excited talking about how this thing will directly impact Main Street more than we know. She went on to say we won't get a loan for a car (not my worry), or a house (not my worry) and small businesses won't get loans to make payroll (I never thought to try that).

I still haven't seen how the scare impacts my economic level.

 

Everybody gotta be someplace.

 

I consolidated all my debt, most of it from helping our handicapped son, into a low fixed-rate loan last month. Timing was totally an act of God.

 

Should have put me down as a reference... I could transfer the call to Ken who would make sure you get what you deserve... :thumbs:

Just kidding, we'll keep you in prayer... raying:

 

I heard a commercial on the radio by a mortgage company yesterday.

It started with... "The government is going to guarantee home mortgages..."

And ended with... "Cash for a vacation... consolidate bills... buy a second home..."

I think that the mortgage industry wants this bill so that they can continue with business as usual. :BangHead:

 

God has not given His people a spirit of fear, but of power, love, and a sound mind. In times like these people are anxious and fearful. Be anxious for nothing, but in everything be in prayer and supplication. Our life is not in houses, food, clothing, bank accounts, et. Jesus Christ is our life.

In a day of trial will we shake?

 

I love the answers to this thread, because it shows the greatness of the Biblical view that puts all its trust in the Lord in contrast to the anti-Biblical view that puts its trust in other things like the economy and which politicians get elected. Amen to the former.

 

Markets are inanimate. They don't fear. Only people fear. And yes, people are scared, but hopefully most are sensible enough not to panic. The market will come back. It always does. Even in this bad economy, the market has done fairly well over the last five years. I don't think the worst is over yet, and the days ahead will not reveal that to us. But the market comes and goes. Overall, the 2000s have been pretty good. We were in a recession in 2000 during the election, and are probably in one now. But this too shall pass. Trying to time the market is a bad thing.

 

With all the bank failures our economy is still standing. The economy must be pretty strong. We have had consecutive growth in the economy. It remains strong. If it were weak it would have crumbled. There is nothing to be afraid of and no reason for the unconstitutional bailout. The market is up 264 right now.

 

Whilst I understand the reluctance of the US Congress to bail out the Wall Street fat cats using their constituents' tax dollars (I have to admit that that would stick in my craw too - as does the nationalisation of Northern Wreck and Bradford and Bingley over here), nevertheless the alternative is too awful to contemplate: a range of bank failures with the savings, investments of The Little Man wiped out,and a massive hike in mortgage rates hitting hard-pressed home owners. The choice it seems to me is between being a bit worse off as tax payers and being a lot worse off as savers and borrowers, between tightening our belts and not being able to afford any clothes at all. Congress' actions are comparable to the fire brigade turning up to an apartment block to deal with a fire that's been started by one careless family and refusing to dowse the flames or rescue the other residents simply because the fire has been started by the negligence of just a few. But then, "what do I know?"

 

The price of Oil is dropping, and I heard this morning that the price of homes are dropping as well... Can anyone say "affordable housing"...

I thought prices were supposed to skyrocket....

In God I trust... All others must pay cash!

This is the text I preached from this past Sunday.... I felt it spoke directly to me and others in our church that were concerned about what congress and the Bush administration was trying to do....

Psalms 37:1-7
(1) A psalm of David. Don't worry about the wicked. Don't envy those who do wrong.
(2) For like grass, they soon fade away. Like springtime flowers, they soon wither.
(3) Trust in the LORD and do good. Then you will live safely in the land and prosper.
(4) Take delight in the LORD, and he will give you your heart's desires.
(5) Commit everything you do to the LORD. Trust him, and he will help you.
(6) He will make your innocence as clear as the dawn, and the justice of your cause will shine like the noonday sun.
(7) Be still in the presence of the LORD, and wait patiently for him to act. Don't worry about evil people who prosper or fret about their wicked schemes.

 

Psa 91:5 "Thou shalt not be afraid for the terror by night; nor for the arrow that flieth by day;"

 

What you are seeing is the American People sick and tired of our Government yelling "wolf"....

We simply do not believe the congress or President.
They have lost our respect, and we hate to be pressured into doing something because we have to "act now"... It feels like Bush is a used car salesman that has burnt us one too many times...

So, people have been calling their representatives telling them to vote no...
I know I did... and I encouraged others too as well. (Mine didn't listen to me... he voted yes.... but his constituents here overwhelmingly wanted him to vote no... I wonder what the vote will be for him come election time!)

Time had an article today that hit the nail on the head... it sums up my feelings...

Simply put, we Americans know that the politicians in DC are liars...
Why pay out $700 Billion just because liars tell us we should...

Also, we know Capitalism works..
And this bailout was simply Socialism...

I also became concerned when Pelosi said in the press conference Sunday afternoon that there would be caps on CEOs salaries...
Now I agree, some salaries are completely scandalous, but I don't ever want to set a precedent where the Government can tell a business what they are allowed to pay their employees...

Pelosi, Bush, Reid, Obama, McCain, and the other leadership are so out of touch with what the original fathers of our country intended, it is not funny, and the American people have had enough....