Posted December 11th, 2008 by John Ed Mathison
The world’s economy always requires people to have financial statements. A financial statement requires you to list all of your assets and your liabilities and come to some kind of definitive number about your financial viability.
In 2008, financial statements have diminished tremendously. The value of assets has gone down in dollars that are now measured [...]
Posted December 5th, 2008 by John Ed Mathison
In the world’s economy, yields fluctuate. Sometimes you get a better yield out of the stock market, and sometimes out of the bond market, and sometimes out of the real estate market. Yields fluctuate.
In the last half of 2008 the fluctuation has primarily been south. Yields are extremely relative. Back in 2007, folks were looking [...]
Posted December 1st, 2008 by John Ed Mathison
The world has experienced the greatest revolution in economics during the past two months than it has ever experienced in our history. No one would ever have believed that the stock market could fluctuate 800 points in a day! Who could believe that the great companies like AIG, Lehman Brothers, Merrill-Lynch, and Wachovia would ever [...]
Posted November 21st, 2008 by John Ed Mathison
One of the important ingredients in economics is an understanding of collateral. The world has one view—God’s economics has quite a different perspective.
The world’s economics have gotten into trouble because collateral has been taken lightly. We are seeing what happens when money is loaned to people who do not have proper collateral. The subprime loans, [...]
Posted November 12th, 2008 by John Ed Mathison
The world has experienced the greatest revolution in economics during the past two months than it has ever experienced in our history. No one would ever have believed that the stock market could fluctuate 800 points in a day! Who could believe that the great companies like AIG, Lehman Brothers, Merrill-Lynch, and Wachovia would ever [...]