Ezekiel 33:6 But if the watchman see the sword come, and blow not the trumpet, and the people be not warned; if the sword come, and take any person from among them, he is taken away in his iniquity; but his blood will I require at the watchman’s hand.
Economists and professionals in the restructuring sector of business and real estate have been anticipating a distressed economy for the past 18 months.
The public is just plain confused. Many people today don’t trust their politicians, their news sources, and, surprisingly, not even their health care providers and professionals.
This lack of trust, coupled with the pandemic-driven mandated way in which many employees work remotely, has caused many people to reassess their lives and the location from which they are willing to provide their services.
Since the pandemic began, regulators have not been pressuring banks to take action with respect to defaulted loans. Historically, banks have been willing to “kick the can down the road” with respect to defaulted loans.
Otherwise, they risk allowing the banking system to continue to mispresent the value of its loan assets, with all the risks of that situation impacting the creditability and stability of the banking system.
Trends like the shift of consumers primarily conducting their shopping online will have a negative effect on brick-and-mortar retail sales. The need for retail space seems poised to continue to decline even more than it has already.
The Feds have kept interest rates at almost zero to support the economy. Now, however, the specter of high inflation will almost certainly bring an end to near-zero interest rates.
Rising interest rates hurt individuals in many ways: Individuals should also consider exiting the stock market or minimizing their stock portfolios as soon as possible. Conversion of stock to cash is not a good strategy during a time when the value of the dollar will steadily decline.
Conventional wisdom dictates that investment in precious metals, such as gold and silver, is a safe harbor. Thus, selling stock and buying Gold and silver makes sense.
Proverbs 22:7 The rich ruleth over the poor, and the borrower is servant to the lender.
Luke 16:11 If therefore ye have not been faithful in the unrighteous mammon, who will commit to your trust the true riches?
Proverbs 6:6 Go to the ant, thou sluggard; consider her ways, and be wise:
Proverbs 6:7 Which having no guide, overseer, or ruler,
Proverbs 6:8 Provideth her meat in the summer, and gathereth her food in the harvest.
Proverbs 6:9 How long wilt thou sleep, O sluggard? when wilt thou arise out of thy sleep?
Proverbs 6:10 Yet a little sleep, a little slumber, a little folding of the hands to sleep:
Proverbs 6:11 So shall thy poverty come as one that travelleth, and thy want as an armed man.
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