USA - Over the past several months, we have witnessed one of the greatest stock market rallies in American history. The S&P 500 has gone 70 days in a row without a 1 percent loss, and most weeks we have seen one daily surge after another. If stock prices were exploding because the underlying US economy was performing extremely well, we would have reason to celebrate. Unfortunately, that is not the case at all. In fact, last week I shared 12 signs that the economy is actually slowing down substantially.
Instead, this stock market “melt up” is being largely fueled by reckless intervention by the Federal Reserve. The Fed’s balance sheet has been ballooning once again, and investors know that stock prices tend to go up significantly when that is happening. So right now Wall Street is in the midst of a raucous party, and everything will be wonderful as long as stock prices continue to move in the right direction.
Unfortunately, no stock market rally lasts forever, and a day of reckoning is coming. At this point, stock prices have become so absurd that even the New York Times is saying that we should “worry” about what is ahead. We also witnessed dramatic stock market “melt ups” prior to the stock market crash of 1929, prior to the bursting of the dotcom bubble, and prior to the financial crisis of 2008.
As I have warned so many times, stock prices have become completely divorced from economic reality, and this is setting us up for a major financial crisis. But for the moment, the party continues to roll on and the wild-eyed optimists are telling us that this is just the beginning of a golden new age of prosperity.
“Just what is an APOSTLE?”
Today we find the Church of God in a “wilderness of religious confusion!”
The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!
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