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Who loves math? Come on now…don’t hide behind your desk, break into a sweat, or veer into a ditch if you’re driving and reading (naughty…naughty). I’ve been through Calculus 1, 2, and 3 and guess how much I remember. Actually, let’s not guess as it will only depress those who invested in a noteworthy education…me included.
Back to math…let’s look at some numbers from recent times. After all, it’s been quite a roller coaster the past couple of years. Hang on!
07/19/07 – Dow Jones closed above 14,000 for the first time in history. Wow! Shortly thereafter, the credit crunch hits and hits hard.
08/10/07 – Central banks coordinate efforts to increase liquidity. Billions. Yep…that’s Billions with a Big B.
08/16/07 – Countrywide Financial Corporation narrowly escapes bankruptcy with an emergency loan of $11 billion.
08/17/07 – The Federal Reserve cuts the discount rate to 5.75%.
Ok…let’s fast forward to 2008 and forget the dates and numbers as they make for poor reading. So, who made Santa’s naughty list?
Bear Sterns is history. Huh? They were only founded in 1923. So, they’ve never been through a downturn before. Right?
Indymac Bank is history.
Fannie Mae and Freddie Mac are now federally operated and owned. Awesome!
Lehman Brothers is history. They were only a 158 year old company and financial pillar of America. No big deal.
Washington Mutual is history…although I still receive credit apps from them all the time.
AIG and Citigroup are saved from becoming history.
The stock market sucks and the discount rate is now at 0% as billions upon billions are injected into the markets.
Enough said on that topic. Let’s look at some numbers that never change…no matter who’s elected or what bear or bull claims the street.
1:18 – James says you are God’s choice possession.
3:22-23 – Lamentations says God’s love for you is endless and His mercies new every day.
4:13 – Philippians says you can do all things through Christ.
5:8 – Romans says Christ died for you while you were still a sinner.
17:8 – Psalms says you are the apple of God’s eye.
54:10 – Isaiah says God's unfailing love for you will never be broken and He has compassion for you.
119:76 – Psalms says God’s unfailing love will comfort you.
Pretty cool. So, replace the uncertain with the certain as it’s obvious that God cares and loves you. Until next time. Jed.
Back to math…let’s look at some numbers from recent times. After all, it’s been quite a roller coaster the past couple of years. Hang on!
07/19/07 – Dow Jones closed above 14,000 for the first time in history. Wow! Shortly thereafter, the credit crunch hits and hits hard.
08/10/07 – Central banks coordinate efforts to increase liquidity. Billions. Yep…that’s Billions with a Big B.
08/16/07 – Countrywide Financial Corporation narrowly escapes bankruptcy with an emergency loan of $11 billion.
08/17/07 – The Federal Reserve cuts the discount rate to 5.75%.
Ok…let’s fast forward to 2008 and forget the dates and numbers as they make for poor reading. So, who made Santa’s naughty list?
Bear Sterns is history. Huh? They were only founded in 1923. So, they’ve never been through a downturn before. Right?
Indymac Bank is history.
Fannie Mae and Freddie Mac are now federally operated and owned. Awesome!
Lehman Brothers is history. They were only a 158 year old company and financial pillar of America. No big deal.
Washington Mutual is history…although I still receive credit apps from them all the time.
AIG and Citigroup are saved from becoming history.
The stock market sucks and the discount rate is now at 0% as billions upon billions are injected into the markets.
Enough said on that topic. Let’s look at some numbers that never change…no matter who’s elected or what bear or bull claims the street.
1:18 – James says you are God’s choice possession.
3:22-23 – Lamentations says God’s love for you is endless and His mercies new every day.
4:13 – Philippians says you can do all things through Christ.
5:8 – Romans says Christ died for you while you were still a sinner.
17:8 – Psalms says you are the apple of God’s eye.
54:10 – Isaiah says God's unfailing love for you will never be broken and He has compassion for you.
119:76 – Psalms says God’s unfailing love will comfort you.
Pretty cool. So, replace the uncertain with the certain as it’s obvious that God cares and loves you. Until next time. Jed.
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