“Extraordinary monetary policy has one function, and it is to amplify yield-seeking speculation when investors are inclined to speculate. This amplified speculation has extended to every corner of the financial markets, from equities, to low-grade debt, to private equity. We can never rule out desperate behavior from people who respond in alarm at even the smallest market correction, and appear frantic to keep a hypervalued bubble in play regardless of longer-term consequences." John Hussman
25 December 2017
Christmas Day
"Let us rejoice. Sadness is not becoming upon the Birth Day of Life Itself, which, now that the fear of death is ended, fills us with gladness, because of our own promised immortality. No one is excluded from sharing in this cheerfulness, for the reason of our joy is common to all men. Our Lord, the Conqueror of sin and death, since there was no one free from servitude, came that He might bring deliverance to all.
Let him who is sanctified rejoice, for he draws nigh to the palm. Let the sinner rejoice, since he is invited to grace. Let the Gentiles exult, for they are called to life. For the Son of God, in the fullness of time, has taken upon Himself the nature of our humanity, as the unsearchable depths of the divine counsel hath decreed, in order that the inventor of death, the devil, by that very nature which he defeated, would be himself overcome.
And in this contest that was undertaken for us, the battle was waged in accordance with a great and wondrous law of justice. For the Omnipotent God engaged in combat with His most bitter enemy, not in the strength of His own Majesty, but in our human infirmity; confronting him with our very form and nature, and sharing likewise in our mortality; but free of all stain."
Pray in the Spirit at all times and on every occasion. Remain alert and faithful in your prayers for one another, everywhere. Eph 6:18
Pray for the intentions of our readers, and for all those who visit here this week. And especially we pray for those whose hearts are hardened by anger and greed and pride, that they may experience the three great gifts of our Lord's suffering and redemption: repentance, forgiveness, thankfulness— and through them a life made whole through His loving kindness and tender mercies.
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