Jesus said to the crowds,
"When you see a cloud rising in the west
you say immediately that it is going to rain–and so it does;
and when you notice that the wind is blowing from the south
you say that it is going to be hot–and so it is.
You hypocrites.
You know how to interpret the appearance of the earth and the sky;
why do you not know how to interpret the present time?
Why do you not judge for yourselves what is right?"
Luke 12:54-57
"While some were speaking in the temple, and remarking how lavishly it was adorned with costly stones and beautiful memorials, Jesus said, 'These things that you see — the days will come when there will not be left a stone upon another stone that will not be thrown down.'
And they asked him, 'Teacher, when will this be, and what sign will there be when all these things are about to happen?' And Jesus said, 'See that you are not deceived, for many will come in my name, saying, ‘I am he,’ and ‘The time has come.’ Do not follow them. When you hear of wars and rebellion, do not be afraid, for such things must happen first. But it will not yet be the end.' Then he said to them, 'Nation will rise against nation, and kingdom against kingdom. There will be powerful earthquakes, famines, and plagues from place to place. And awesome sights and mighty signs will come from the sky.'
When you see Jerusalem surrounded by armies, then you will know that the time of its desolation draws near. Then those in Judea must flee to the mountains, and those in the midst of the city must leave, and those in the country should not return. For these are the be days of God’s judgement, so that all that has been written may be fulfilled.'"
Luke 21:5-11
"They asked, 'Where will this happen, Lord?' And Jesus said, 'Where death is, there a gathering of vultures will be.'”
Luke 17:37
And so my vacation continues.
Just a quick note for the end of the week.
Risk assets rallied today when the inflation data this morning was seen as benign.
This is seen as opening the door for more Fed rate cuts.
How is it that we are able to get inflation data, but not employment statistics with the government shutdown?
The markets are broadly discounting the approaching recession and intensifying geopolitical risks.
Be not deceived, for God is not mocked. What a man sows, so shall he reap.
Galatians 6:7
And when the reckoning comes, as it must, who then will remain standing?
Have a pleasant weekend.
