An Economic Trend For Which There Is A Cure

November 28, 2015 AD

Do you know this?

Corporate profits fall 4.7%, biggest decline since 2009
Business Insider: Corporate profits fall 4.7%, biggest decline since 2009

Are we paying attention?

Reuters Business News, Friday, November 27, 2015
Reuters Business News, Friday, November 27, 2015

What’s next?

Bloomberg: IMF Said to Give China Strong Signs of Reserve-Currency Nod
Bloomberg: IMF Said to Give China Strong Signs of Reserve-Currency Nod

Oh, for wisdom…

You don’t need more taxes to balance the budget. Congress needs the discipline to stop ronald_reagan_largespending more, and that can be done with the passage of a constitutional amendment to balance the budget. Congress needs to reform its budget process, at least by breaking up those massive, catch-all spending bills into individual parts. That way, each part can stand on its own.” – Ronald Reagan, Radio Address to the Nation on the Federal Debt Ceiling Increase and Deficit Reduction, September 26, 1987

Is There A Cure?

“Therefore also now, saith the Lord, turn ye even to me with all your heart, and with fasting, and with weeping, and with mourning…rend your heart, and not your garments, and turn unto the Lord your God: for he is gracious and merciful, slow to anger, and of great kindness, and repenteth him of the evil…And I will restore to you the years that the locust hath eaten, the cankerworm, and the caterpiller, and the palmerworm, my great army which I sent among you. And ye shall eat in plenty, and be satisfied, and praise the name of the Lord your God, that hath dealt wondrously with you: and my people shall never be ashamed.” Prophet Joel 2:12-25 KJV

John White
Rockwall, Texas

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