Posted on Leave a comment

CLARITY – 12-5-18 Tariffying

CLARITY

A Biblical Response to Current Events – 12-5-18

Tariffying

 

What’s Happening: “The stock market fell almost 800 points yesterday making it the biggest sell-off since October 10…mostly on fears of tariffs: ours on China ($250 Billion) and China on us ($110 Billion). Also, the starting date of the 90-day pause in those tariffs, agreed by Presidents Trump and Xi at the G20 Summit, was corrected from  January 1 to begin December 1 (https://www.cnbc.com/2018/12/04/stock-market-dow-futures-fall-amid-us-china-trade-deal-skepticism.html) ‘ From a math standpoint, this is screaming buy. The only concern I have is people are going to start getting irrational. That’s when the emotional trading starts taking place,’ said Steven Dudash, president of IHT Wealth.”

Knee-Jerk Response:  “Sell!”

 

Biblical Response:  “That’s just the kind of emotionalism that a lot of financial experts are warning against. Sure, you can probably find those that urge the other way…maybe just as many, but I’m cautioning against fear. The Scripture says, “Fear hath torment” (1 John 4:18). Of course, fear of danger can also help you escape. But we are not called to react, but act. Will the U.S. and China settle their differences? Yes…eventually. Isn’t it better to leave the timing of that to God?”

 

“Christians? To be ruled by fear is just what the enemy wants. To be ruled by faith is what God wants. Is it ever time to sell? Of course…just not out of fear. Better to do things slowly, at the prompting of the Holy Spirit.”

 

Here’s a Prayer You Can Pray:  “Heavenly Father, give us the wisdom and attentiveness, financially, to invest and divest at Your leading, not from the basis of fear; in Jesus’ Name, amen.”

 

Share as you like; just give credit appropriately. For buying any of Alan E. Sargent’s books or to subscribe or to comment on any of his CLARITY blogs, go to the following link: http://subdeo.com/. He also tweets on Twitter.com every day @alanesargent

 

Leave a Reply

Your email address will not be published. Required fields are marked *