Counsel and Reminder for Those Nervous about the Economy
Wall Street Journal - The giant headline smack in the middle of French daily Liberation's front page this morning says it all: "Crash."
Word of God* - Nations are in uproar, kingdoms fall; he lifts his voice, the earth melts.
WSJ - Japan's benchmark stock index fell nearly 5.7% today, while India's tumbled nearly 5%, Australia's lost 7.1% and Hong Kong's fell by nearly 8.7%.
WOG - Come and see the works of the LORD, the desolations he has brought on the earth.
WSJ - Corn, oil and copper prices were trading sharply lower on speculation that slowing global economic activity would diminish demand for raw materials, with prices for zinc, soybeans and palm oil also declining...
WOG - ...though the earth give way and the mountains fall into the heart of the sea, though its waters roar and foam and the mountains quake with their surging.
WSJ - Recession fears are a subject bound to dominate discussions at the World Economic Forum's annual meeting, which opens in Davos, Switzerland, tomorrow, but then that might have happened regardless of the past 48 hours of trading. The closing session at Davos for some time has been titled, "Why Are We Afraid of the Future?"
WOG - The LORD Almighty is with us; the God of Jacob is our fortress. Be still, and know that I am God; I will be exalted among the nations, I will be exalted in the earth." The LORD Almighty is with us; the God of Jacob is our fortress.
*Adapted from Psalm 46 (NIV) via BibleGateway.com
Jeff, there's one thing you can count on with regard to the Gazette: it's as valuable as it ever was! ;-)
Posted by: Eric at January 22, 2008 09:23 AMAs always, you know the right Word to follow. Thanks for sharing.
Posted by: Jen P at January 22, 2008 11:54 AMThanks, Eric! I just placed an order to sell and put it all in Fire Ant stock. ;-)
Posted by: gwynne at January 22, 2008 02:13 PMThanks, Jen. Of course, I'm preaching to the saved with regard to most people who visit here, so it's not like I told you anything you didn't already know. This was as much to remind myself as anything else.
Gwynne, you know what they say: past performance doesn't guarantee future results. But I feel confident in proclaiming that the value of your Fire Ant stock will never be less than it is now. ;-)
Posted by: Eric at January 22, 2008 02:20 PMI knew you were the head honcho around these parts for a reason :)!
Posted by: Rachel at January 22, 2008 03:21 PMhead honcho
Some would say you've got your anatomical references mixed up! ;-)
Posted by: Eric at January 22, 2008 03:36 PM**snort**
Posted by: Janie at January 23, 2008 12:40 AMThanks for sharing that.
Posted by: Stephen at January 27, 2008 08:27 PMAbout the publisher
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Thank you...
Farewell to Abbye
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That certainly places things in perspective ..... I feel much better, and I'm going to hang onto my shares of stock in Fire Ant Gazette !!!
Seriously, though ..... thanks for the reminder, Eric.
Posted by: Jeff at January 22, 2008 08:41 AM