wars , potential wars , inflation , interest rates on the rise and now some major bank failures in the news.
this ride is just beginning .
There are ups, there are downs, and
life is normal. What matters is your attitude and how you choose to be calm in the conditions of the moment.
From NYTimes:
"Has the world ever been at peace? Of the past 3,400 years, humans have been entirely at peace for 268 of them, or just 8 percent of recorded history."
War has been tightly related to inflation since Biblical Times: "“There was a great famine in the city [of Samaria]. The siege lasted so long that a donkey’s head sold for eighty pieces of silver, and a cup of dove’s dung sold for five pieces of silver”
As for inflation [& interest rates], my first house had a (iirc) 14% mortgage back in the 1980s. We've gotten used to inflation being lower than the historic average. This stuff goes back to Biblical times:
Book of Haggai: "Ye have sown much, and bring in little; ye eat, but ye have not enough; ye drink, but ye are not filled with drink; ye clothe you, but there is none warm; and he that earneth wages earneth wages to put it into a bag with holes."
Proverbs: "Cast but a glance at riches, and they are gone, for they will surely sprout wings and fly off to the sky like an eagle"
As for the banks, this [at least so far] is pretty minor, and four small to mid size banks taking risks is sure not like 2008 when Lehman and the biggest banks were failing.
We hadn't paid for our squandering money thru 25+ years of Afghan & Iraq wars (Bush, Clinton, Bush, Obama) when Covid hit and debt went through the roof (Trump), then Russia led the world back to war by invading Ukraine (Biden). BOTH parties got us here and BOTH are equally guilty at blowing the budget year after year, largely because they increasingly won't compromise. The one and only way to pay down massive debt thru ALL of history has been to devalue money - meaning inflation.
So again my friend,
life is normal. What matters is your attitude and how you choose to be calm in the conditions of the moment.