Discussion – Recent Market Downturn
We discuss the recent US stock market downturn.
The drivers.
The implications.
The possibilities.
The probabilities.
The timing.
Market Drivers
Trump post-election stock market rally were retail momentum trades
1/22 newbreed.co Financial Market Update
Uncertainty behind the Tariffs
3/31 WSJ: US Stocks Post Worst Quarter since 2002 on Threat of Trade War
Correction based on Valuation
Possibility of a Bear Market?
3/29 Motley Fool: Will this Stock Market Correction turn into a Bear Market?
AI Tech Bubble and Possibility of Greater Downturn
4/1 Bloomberg: Worries Keep Bubbling – Tech Stocks AI Boom
3/23 Bloomberg: Specter of Dot-com era Reckoning
Deeper structural issues in the Global Financial Markets
8/7/24 newbreed.co: BOJ Market Warning
Prophetic Warning
God says in his word he judges nations for their pride and greed:
Sodom
Look, this was the iniquity of your sister Sodom: She and her daughter had pride, fullness of food, and abundance of idleness; neither did she strengthen the hand of the poor and needy. And they were haughty and committed abomination before Me; therefore I took them away as I saw fit
Ezekiel 16:49-50
Tyre
[Because] you set your heart as the heart of a god… By your great wisdom in trade you have increased your riches, And your heart is lifted up because of your riches [for yourself], I will bring strangers against you, The most terrible of the nations; And they shall draw their swords against the beauty of your wisdom, And defile your splendor. They shall throw you down into the Pit, And you shall die the death of the slain In the midst of the seas… For I have spoken, says the Lord God.
Ezekiel 28:2-10
Egypt
Behold, I am against you Pharaoh king of Egypt… You said, ‘My River is my own; I have made it for myself’… I will bring you up out of the midst of your rivers… I will leave you in the wilderness, You and all the fish of your rivers; You shall fall on the open field… I have given you as food to the beasts of the field and to the birds of the heavens…You have been a staff of a reed to the house of Israel… they took hold of you… you broke and tore their shoulders; When they leaned on you, you broke their back… I will bring a sword upon you and cut off from you man and beast. And the land of Egypt shall become desolate and waste; then they will know that I am the Lord
Ezekiel 29:2-10
Israel
Woe to you who are at ease in Zion, And trust in Mount Samaria… go down to Gath of the Philistines. Are you better than these kingdoms?Woe to you who put far off the day of doom, Who cause the seat of violence to come near; Who lie on beds of ivory, Stretch out on your couches, Eat lambs from the flock and calves from the midst of the stall; Who sing idly to the sound of stringed instruments,And invent for yourselves musical instruments like David;
Who drink wine from bowls, And anoint yourselves with the best ointments, But are not grieved for the affliction of Joseph. Therefore they shall now go captive as the first of the captives, And those who recline at banquets shall be removed… The Lord God of hosts says: I abhor the pride of Jacob, And hate his palaces; Therefore I will deliver up the city and all that is in it.”
Hosea 6:1-8
End-Times Global “Babylon”
Babylon the great is fallen and has become a dwelling place of demons… For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury… “Come out of her, my people, lest you share in her sins, and lest you receive of her plagues. For her sins have reached to heaven, and God has remembered her iniquities.
Alternatives?
The Storehouse Vision is investing in God’s Economy. Investing in people. Investing in local businesses. Investing in land. Helping others with the necessities of life: housing, transportation, food, clothes, jobs. Investing through lending.
If you believe these market valuations are historically high and won’t last, why wouldn’t you take some money off the table, out of the market (out of Babylon) and put it to work in people, land and businesses locally?
Other References on the Call
God’s Economy discussion with International Christian Chamber of Commerce
Eric P asked about mission sending funds drying up if markets decline? Gregg responded with have a read of the Non-Profit Ministry funding White Paper
Dianna K mentioned similar Economics of Love write-up to the Storehouse Vision
Gregg mentioned affordable housing discussions we have had in the past. Here are some:
Sanctuary Space with Joel Frazier
Mission Grove with Christopher Lucey
Affordable Housing with Dan Coakley
Update
WSJ Headline at market close one day after this discussion
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