The Opportunity This Crazy Economy Is Providing

An absolutely fool-proof way to stress yourself out is by staying glued to the television newscasts about the economy. “Wall Street dropped another 700 points today!” “Here is our panel of experts to tell you why the news is just going to get worse!” “Big Plants, Inc., is laying off another 4,000 employees!”

Oh great. Just what I needed to hear.

That’ll send your blood pressure through the ceiling, no matter your situation, but particularly if you are a heavy investor in stocks.

You’re not? Don’t be too sure, friend. If you have a retirement account with some agency somewhere, you might be one of those (like me!) who is being severely affected by the free-falling stock market. The headline on the front of Friday’s Times-Picayune asked, “How Low Can It Go?”

Frankly, I don’t want to know.

Twenty years ago, when the market did a sort of “correction”–we’ll be generous and call it that–I recall someone asking either Ted Turner or Donald Trump, one of those big boys, “You lost a billion dollars. What do you have to say?”

He answered, “It was a paper loss. I’m not selling anything today. I’ll still be here tomorrow and first thing you know, I’ll have it all back.”

And that’s precisely what happened.

My neighbors, Bill and Sandra, are both retired from long careers in the commercial world, and this is scaring the daylights out of them.

A news report this week indicated that 80 percent of Americans admit the economy is stressing them out.

The funny thing–did I say “funny”?–about this craziness in the economy is that we’re told the actual businesses of America are just fine. What is driving the roller-coasterness of Wall Street is a little thing called fear.

Remember FDR telling the nation at his 1933 inauguration, “The only thing we have to fear is fear itself”? He was right then, and it appears that’s the problem today.

Novices like me are perplexed at how the stock market rises and falls based on fears. The Fed chairman makes some statement about the future, and depending on whether he was optimistic or pessimistic, the market fluctuates. We laymen would like to think the people handling our investments are knowledgeable about the true value of stocks and not given to reacting to the latest whim.

Apparently that confidence is poorly placed. It would appear our stock brokers don’t know much more than the rest of us, but wet their index finger in the morning and poke it heavenward to see which way the winds are blowing before risking the billions of dollars entrusted to them.

Jean Chatzky, a frequent authority on money matters for the networks, urges that we not “make the financial channel our home page.” That is, quit running to see what your stocks did every day. “Check on them once a week or so,” she said.

For what this is worth, here are my own personal conclusions:

1) The people in the pews this Sunday need to hear the pastor deliver a word from God. That word would include commands like, “Lay not up for yourselves treasures on earth where moth and rust get to them.” (Matthew 6:19-21)

The pastor will want to remind the people of the best bad-news text in all the Bible, Habakkuk 3:17-19. “Though the fig tree should not blossom and there be no fruit on the vines (and a whole litany of disasters)….yet I will exult in the Lord.” Anyone can praise the Lord when the pay check is fat and the news from the investment counselor is great. Who can give thanks when the news is bad? That’s the test of a person of faith.

2) This crisis gives the pastor an opportunity to speak to the faith of the people in the pews.

“You have put gladness in my heart, more than in the season that their grain and new wine increased.” (Psalm 4:7) Three kinds of joy are referenced here: Superficial (grain = money); artificial (new wine); and beneficial (the Lord’s presence). Only one of the three is constant and dependable. The other two are fleeting and of limited value.

3) So, maybe the Lord wanted some of us to work a little longer before retiring. Perhaps He was not too excited about His people parking in the rocking chair on the front porch when He had more work for us to do.

Margaret and I are having that discussion since my employment at the Baptist Association of Greater New Orleans comes to a dead halt next April 30. Since my retirement fund at Guidestone has lost some 40 percent from its peak a couple of years ago, ideally, I’d like to leave it alone for two more years before even touching it. Give it time to replenish itself (“he said hopefully”).

So, that means, like a lot of others in the same boat, I will keep on working. Doing what is the big question, of course, and the subject of my frequent prayers to the Father.

4) The Father is not particularly worried about any of this. He knows what He is doing and is not perplexed about matters that stress us out.

Sometimes when church members have found themselves in the difficult position of losing good jobs in their middle years, what should be their peak-earning period, as their pastor, I have counseled them to be strong and go forward. “It’s tough right now and it’s going to be hard getting through this. But I guarantee you, the day will come when you will look back and give thanks to the Lord for the experience and the lessons you learned.” (As my dad used to say about his six children, “I wouldn’t take a million dollars for any one of them, and I wouldn’t give you a dime for another!” That’s how you will feel about this difficult and trying time.)

Randy and Charlene were reminiscing with some of us about that very subject recently. When a new owner took over the factories Randy was managing, he suddenly found himself without a job. One day, he heard Paul Harvey talking about ServiceMaster, the home-and-office cleaning business. Randy looked into it, decided this was the right thing for him, and bought the franchise for our area of the state. To raise the money, he sold his boat and borrowed money from family members.

Eventually–a lot of personal sacrifices and hard work were involved, I’m confident–this business became one of ServiceMaster’s great success stories. In fact, Randy McCall has spoken at the national meetings of their franchisees, giving his and Charlene’s testimony.

What was it the Black preacher said once in my hearing? “Sometimes we have to get flat of our back so we can look up.”

The guest preacher arrived at the airport and was greeted by the church member who had been assigned as his driver. On the drive back to the church, the layman poured out his fears over the way the country is going, despair over the decline in morals, and disgust in the lack of leadership in high places. “Don’t you agree?” he asked the visiting preacher.

“I expect you may be right,” the man of God said. “But let me remind you, the last time I checked despair was still a sin and hope a virture.”

Good reminder for us today. “Why are you cast down, O my soul? Hope thou in the Lord.” (Psalm 42:5)

7 thoughts on “The Opportunity This Crazy Economy Is Providing

  1. Job 2:10, “…Shall we accept good from God, and not trouble?” In all this, Job did not sin…”it’s time we move from simple faith to a ruthless trust in God as Job did. The times demand it and God commands it!

  2. We are all constantly and completely dependent on God for everything. The very matter of the universe depends on Him. We are just so stubborn that we only “taste, touch, feel and smell” that unchanging fact occassionally.

  3. Thank you, Joe. I have recently turned off my television and I’m feeling much better. The news makes me anxious. I know who I’m going to vote for, I don’t need to hear all the negative stuff. I have turned on my radio to listen to Crown Financial Ministries and Dave Ramsey, two other positive and calming influences. Thank you for your ministry.

  4. The present world finncial crisis fills me with expectation and anticipation.

    The world is looking for one man to solve its problems. And the Antichrist will be that man.

    I Thessalonians 2 tells us the Church will be caught up, befire the Antichrist comes on the scene.

    I am expecting and anticipation our Lord’s coming for His Church.

  5. I have to assure my clients every day that their time horizon is longer than they think. For example, if a couple lives to age 65, there is a 50% chance that at least one will live to 90. Now, those who are 90 today might be saying I didn’t choose to live to be 90, the Lord has kept me alive this long, so HE must want me to accomplish something. Aren’t we not supposed to “anxious for anything” as it says in Phil. 4:6. Especially since God has the greatest retirment plan in the world, matter of fact God’s retirement plan is not ‘in this world’ it is “out of this world”! And, even much better than we can imagine. But then you say yeah but that doesn’t help my 401k or 403B or IRA plan balance today. After allocating your portfolio into the proper non-correlated asset categories for your risk tolerance and time horizon after speaking with your financial advisor, the best thing we can do is pray that we don’t allow the same thing to happen that happened after the 1929 Crash. What happened is, we allowed the government to dictate how things will be run and that extended the Depression another 10 years with 25% unemployment and a 15% drop in GDP. Our 2 presidential candidates are blaming it on the the lack of government oversite and this is exactly what happened in the 30’s. Governments around the world have done enough and the media is making the downturn that much worse by saying things to scare people. And that, in my opinion, is a horrible thing to do! In my opinion, it might be a good time to let your Congressman know that you believe free markets are the best way to get the economy going again, not government intervention. Not many in the government believe this, nor outside of government, but the federal government going back a long time, are the primary culprits in this problem, and more government intervention will simply make matters worse. Just my 2 cents-

  6. Losing a job is one of the most devastating occurences an individual may face. The only things I can contemplate that might be worse would be losing a close family member or receiving a diagnosis of a life-threatening illness. In addition to the obvious economic impact, the victim also faces the emotional blow to one’s self-image. Yet, finding oneself unemployed can also be a tremendous faith-building experience, as well as an opportunity for some deep and honest personal reflection.

    I’m thankful that the one time I’ve experienced a job loss the turmoil was short-lived. The last day of my severance pay was the first day on my new employer’s payroll, and the Lord not only blessed me with a better job in a wonderful part of the country, but set in motion the events which, years later, would lead me back into full-time church ministry.

    My heart goes out to those who have lost a job, especially those whose search for new employment drags into months or even longer, but my experience taught me two important lessons: 1) God is in control, even if the journey is difficult at times, and 2) attitude is important–what Zig Ziglar calls the difference between “reacting” (bad) and “responding” (good). I wouldn’t wish a job-loss on anyone, and I hope I never experience one again, but I am grateful for how the Lord used mine to shape me into who I am today.

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