Miscalculations...on a world scale.

The Most Boneheaded Miscalculation Of All Time

Bill Bonner - Wed 25 Jun, 2008

Americans are on the losing end of the “biggest transfer of wealth in history,”

"Terrorism will be reduced...weapons of mass murder will be limited, people will be safer around the world, human rights and democracy will be unleashed in the Middle East, and the fragile outlook for world prosperity will be improved... The uncertainty tax on world growth will be lowered too, as will the energy tax from temporarily spiking oil prices."

This was Larry Kudlow writing in March, 2003.

The spike in oil prices he described took place on March 12th, 2003, pushing the price of a barrel of crude all the way up to $37.83 and the price of a gallon of gasoline to $1.72. Yesterday, oil closed at $137 and gas sells for $4.06.

But Kudlow was hardly alone in his hallucinations...Rest of the article is here.

What uncertain times we live in. I'm thankful we serve a Sovereign God who, at this moment, is seated on His throne. He's not pacing. He's not fretting. He's not wondering what He's going to do next. He is in complete and total control.

May many more come to rest in His arms.