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| DECEMBER 30, 2017 | SHARE → |
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Standing in support of Israel, Jews, and believers in all the nations, in the name of Jesus (Yeshua). Sharing biblical truth, encouragement, news and prophecy.
Showing posts with label 2017. Show all posts
Showing posts with label 2017. Show all posts
Saturday, December 30, 2017
Jerusalem Dateline | Significant Stories of 2017 - CBNNews.com
Thursday, December 28, 2017
2017's Top 17 Celebrity Stories of Faith - CBN News
2017's Top 17 Celebrity Stories of Faith
CBN News 12-28-2017
CBN News brought you some remarkable stories over the past year, reporting God's amazing power to redeem and restore. Here's a list of 17 of the best celebrity/entertainment stories of faith from the past year. Just click on the headline to read the story.
Wednesday, December 27, 2017
The Top 17 Inspirational Stories of 2017 - CBN News
The Top 17 Inspirational Stories of 2017
Dec. 27, 2017 CBN News
CBN News brought you some remarkable stories over the past year, reporting God's amazing power to redeem and restore. Here's a list of 17 of the best inspirational stories of 2017. Just click on the headline to read the story.
Saturday, December 23, 2017
Museum of the Bible One of the Best Attractions of 2017? - CBN News
Museum of the Bible One of the Best Attractions of 2017?
Dec. 22, 2017 CBN News
The Museum of the Bible is in the running for USA Today's Readers' Choice 10 Best attractions of 2017.
The museum has been buzzing with life ever since it opened its doors this November in Washington D.C.
It hosts a permanent collection of biblical arts and artifacts from a variety of cultures and time periods.
It currently ranks at number 6 on the list, but people are encouraged to vote until the end of the year.
To vote click: HERE.
Tuesday, December 19, 2017
2017 Has Been The Best Year For The Stock Market EVER - THE ECONOMIC COLLAPSE BLOG
Posted: 18 Dec 2017 Michael Snyder THE ECONOMIC COLLAPSE BLOG
We have never seen a better year for stocks in all of U.S. history. Just five days after Donald Trump entered the White House, the Dow Jones Industrial Average hit the 20,000 mark for the first time ever. On Monday, the Dow closed at 24,792.20, and there doesn’t seem to be any end to the rally in sight. Overall, the Dow Jones Industrial Average is up more than 5,000 points so far in 2017, and that absolutely shatters all of the old records. Previously, the most that the Dow had risen in a single year was 3,472 points in 2013.
Yes, I know that it may seem odd for a website that continually chronicles our ongoing “economic collapse” to be talking about a boom in stock market prices. But of course there has not been a corresponding economic boom to match the rise in stock prices. This artificial stock market bubble has been created by unprecedented central bank intervention, and every previous stock market bubble in our history has ended with a horrible crash.
But for the moment, it is certainly appropriate to be in awe of what has transpired in the financial markets in 2017. Never before have we seen the Dow close at a record high 70 times in a single year, and we still have almost two weeks to go.
Stocks have risen every single month in 2017, and that is the very first time that has ever happened as well. No matter how much bad news has come out, stock prices have just kept climbing and climbing and climbing.
Since Donald Trump’s surprise election victory last November, the Dow is up a whopping 34 percent.
34 percent!
Wall Street has never seen better times than this. Overall, U.S. stockholders have seen more than 5 trillion dollars in paper gains since Trump was elected, and this has created a real estate boom in some of the wealthier areas of the nation.
Of course markets go down a lot faster than they go up, and that 5 trillion dollars in paper gains could be wiped out very rapidly in the event of a major disaster, but for the moment investors are absolutely thrilled with what has been happening.
Of course there are red flags all over the place, but not too many people are even paying attention at this point. Right now the S&P 500 is the most overbought that it has been since 1958, and earlier today a CNBC article declared that U.S. stocks are “very, very overbought”, but this will probably just encourage people to buy even more.
These days, if stocks are up that is a signal to buy, and if stocks are down that is a signal to buy.
Of course we witnessed similar euphoria just before the dotcom bubble burst and just before the financial crisis of 2008, but most Americans have extremely short memories.
For most of us, those crashes might as well be ancient history.
But just like in each of those cases, market euphoria tends to hit a peak before things completely fall apart. Bill Stone, the chief investment strategist for PNC Asset Management Group, recently made this point very succinctly…
“It is going to get to a point where it can’t get any better anymore,” he said. “In the market it’s always brightest before it gets dark.”Others are being even more blunt. For example, trends forecaster Gerald Celente is convinced that “equity markets around the world are going to crash” in 2018…
“Yes. Everyone knows that the markets are overvalued. The Schiller PE ratios rival those of the pre-1929 stock market crash and the Dot-Com bubble…The Black Swan Event: When war breaks out in the Middle East, the equity markets around the world are going to crash. The Black Swan that is going to create ‘Market Shock’ is going to be an outbreak of war in the Middle East. And when that happens, you are going to see gold and silver skyrocket. That’s our forecast for one of the top 10 trends of 2018.”Personally, I never believed that the stock market bubble could ever be inflated to such absurd proportions, and so I am just in awe at what is taking place on Wall Street. Since the last financial crisis our national debt has doubled, corporate debt has doubled, U.S. consumers are now 13 trillion dollars in debt, our economic infrastructure continues to be gutted, more than 40 million Americans are living in poverty and our financial institutions are being more reckless than at any other point in our entire history.
But for the moment, it is working. We have been on the greatest debt binge in world history since the end of the last recession, and most people seem to believe that the debt-fueled standard of living that we are currently enjoying is somehow going to be sustainable.
Nothing about our long-term economic outlook has fundamentally changed. Just because the authorities were able to extend this bubble for a little while longer does not mean that we are going to get to escape the consequences of decades of incredibly foolish decisions.
We just keep on mortgaging the future, but the funny thing about the future is that eventually it shows up.
And when our day of reckoning finally does arrive, the pain that it is going to cause is going to be absolutely off the charts.
Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.
Tuesday, November 28, 2017
We Have Tripled The Number Of Store Closings From Last Year, And 20 Major Retailers Have Closed At Least 50 Stores In 2017 - Michael Snyder THE ECONOMIC COLLAPSE BLOG
Posted: 27 Nov 2017 Michael Snyder THE ECONOMIC COLLAPSE BLOG
Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016? Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down so far. That absolutely shatters the all-time record for store closings in a single year, and yet nobody seems that concerned about it. In 2008, an all-time record 6,163 retail stores were shuttered, and we have already surpassed that mark by a very wide margin. We are facing an unprecedented retail apocalypse, and as you will see below, the number of retail store closings is actually supposed to be much higher next year. Whenever the mainstream media reports on the retail apocalypse, they always try to put a positive spin on the story by blaming the growth of Amazon and other online retailers. And without a doubt that has had an impact, but at this point online shopping still accounts for less than 10 percent of total U.S. retail sales. Look, Amazon didn’t just show up to the party. They have been around for many, many years and while it is true that they are growing, they still only account for a very small sliver of the overall retail pie. So those that would like to explain away this retail apocalypse need to come up with a better explanation. As I noted in the headline, there are 20 different major retail chains that have closed at least 50 stores so far this year. The following numbers originally come from Fox Business… 1. Abercrombie & Fitch: 60 stores 2. Aerosoles: 88 stores 3. American Apparel: 110 stores 4. BCBG: 118 stores 5. Bebe: 168 stores 6. The Children’s Place: hundreds of stores to be closed by 2020 7. CVS: 70 stores 8. Guess: 60 stores 9. Gymboree: 350 stores 10. HHgregg: 220 stores 11. J.Crew: 50 stores 12. JC Penney: 138 stores 13. The Limited: 250 stores 14. Macy’s: 68 stores 15. Michael Kors: 125 stores 16. Payless: 800 stores 17. RadioShack: more than 1,000 stores 18. Rue21: up to 400 stores 19. Sears/Kmart: more than 300 stores 20. Wet Seal: 171 stores If the U.S. economy was really doing well, then why are all of these major retailers closing down locations? Of course the truth is that the economy is not doing well. The U.S. economy has not grown by at least 3 percent in a single year since the middle of the Bush administration, and it isn’t going to happen this year either. Overall, the U.S. economy has grown by an average of just 1.33 percent over the last 10 years, and meanwhile U.S. stock prices are up about 250 percent since the end of the last recession. The stock market has become completely and utterly disconnected from economic reality, and yet many Americans still believe that it is an accurate barometer for the health of the economy. I used to do a Black Friday article every year, but I have ended that tradition. Yes, there were still a few scuffles this year, but at this point the much bigger story is how poorly the retailers are doing. So far this year, more than 300 retailers have filed for bankruptcy, and we are currently on pace to lose over 147 million square feet of retail space by the end of 2017. Those are absolutely catastrophic numbers. And some analysts are already predicting that as many as 9,000 stores could be shut down in the United States in 2018. Are we just going to keep blaming Amazon every time another retail chain goes belly up? What we should really be focusing on is the fact that the “retail bubble” is starting to burst. In the aftermath of the last financial crisis, retailers went on an unprecedented debt binge, and now a lot of that debt is starting to go bad. In fact, in a previous article I discussed the fact that “the amount of high-yield retail debt that will mature next year is approximately 19 times larger than the amount that matured this year”. This is going to have very serious implications on Wall Street, but very few people are really talking about this. Most stores try to stay open through Christmas, but once the holiday season is over we will see another huge wave of store closings. And as individual stores close down, this will put a lot of financial pressure on malls and shopping centers. Not too long ago, one report projected that up to 25 percent of all shopping malls in the entire nation could close down by 2022, but I tend to think that number is too optimistic. The retail industry in the United States is dying, and the biggest reason for that is not Amazon. Rather, the real reason why the retail industry is in so much trouble is because of the steady decline of the middle class. The gap between the ultra-wealthy and the rest of us is greater than ever, and we can clearly see the impact of this in the retail world. Retailers that serve the very wealthy are generally doing well, and those that serve the other end of the food chain (such as dollar stores and Wal-Mart) are also doing okay. But virtually all of the retailers that depend on middle class shoppers are really struggling, and this is going to continue for the foreseeable future. Most American families are either living paycheck to paycheck or are close to that level, and these days U.S. consumers simply do not have much discretionary income to play around with. More hard working Americans are going to fall out of the middle class with each passing month, and that is extremely bad news for a retail industry that is literally falling apart right in front of our eyes. Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com. |
Sunday, October 29, 2017
Love For His People, Steve Martin - Update Oct. 29, 2017
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