All year we've been discussing the extremely optimistic growth outlook driving stock prices higher. Last week more economic data continued the euphoric hope that the Fed is in line to pull off a rare event – control inflation without causing a recession. The release of the first estimate of 4th quarter
It's been a couple months since the last post on Biblical Finance. If you missed the previous posts, you can check them out here. These posts focus on the foundation of a Biblical Approach to Finance.
This month our main focus is going to be adjusting our attitude towards "stuff"
Last week I wrote how investors were in "Fantasyland" as earnings expectations not only do not reflect any sort of economic slowdown in 2023, but are pricing in an ABOVE AVERAGE growth rate. Two weeks ago we illustrated how our economic model is at best predicting a BELOW AVERAGE growth
Last week I walked through our economic model in great detail. With the markets closed on Monday for Martin Luther King, Jr. Day today's musings will be quite brief.
Let's start with the DATA we presented last week (click here to review) which clearly shows the economy is at best
People tend to make sense of things by attaching it to a storyline or narrative. A story has an account of how life should be, an explanation of how it got thrown off balance, and some proposed solution to put life right again. When we discussed worldviews in previous chapters,
