They take care to appear outwardly optimistic because they fear that “negative confessions” might cancel out their prayer requests. They may stubbornly cling to the belief that they will receive whatever they want simply because they believe it hard enough. Without realizing it, some Christians also place their faith in a “lesser god” because they have a misunderstanding of faith. However, simply because a person appears optimistic does not mean that he has great faith in God or that her faith is appropriately placed. Optimistic people find more enjoyment in life and are usually more pleasant to be around because they refuse to worry about things they cannot control. This may work temporarily, but it is a misplaced optimism with no real foundation. They may place their faith in any number of lesser gods, such as karma, denial, the “universe,” or intentional ignorance. Many unbelievers simply refuse to worry because life is more pleasant that way. Worldly optimism is not based on faith in God. It can be a natural personality trait that has nothing to do with faith. Everyone’s glass is either “half full” or “half empty.” So, optimism is not necessarily the same as faith in God. By nature, most people tend toward either optimism or pessimism, regardless of their relationship with God. Spot gold dropped 0.21%, trading at $1828.70 an ounce.īitcoin continued to trade around $20,640 after falling as low as $17,592 last week.Optimism is “the tendency to expect the best possible outcome or to dwell on the most hopeful aspects of a situation.” Optimists usually feel that “good things” will happen in the future or that what they hope and dream for will happen. Brent dropped 2.1% to $112.27 a barrel, while U.S.
President Joe Biden expected on Wednesday to call for a temporary suspension of the 18.4-cents a gallon federal tax on gasoline, a source briefed on the plan told Reuters. 10 year Treasuries was fairly steady at 3.2674. Other currency moves were more muted on Wednesday, with the dollar index, which tracks the greenback against six peers, a touch firmer at 104.6. Minutes from the Bank of Japan's April policy meeting released Wednesday showed the central bank's concerns over the impact that the plummeting currency could have on the country's business environment. rates has been weighing on the yen, which hit a new 24-year low of 136.71 per dollar in early trading, before drifting firmer to 136.18, The gap between low interest rates in Japan and rising U.S. Most other global central banks are in a similar situation, apart from the Bank of Japan, which last week pledged to maintain its policy of ultra-low interest rates. Federal Reserve chair Jerome Powell is due to start his testimony to Congress today with investors looking for further clues about whether another 75 basis point rate hike is on the cards at the Fed's July meeting.
In a sign Wall Street may not be able to repeat Tuesday's rally, S&P 500 and Nasdaq futures both fell over 0.5%.Ĭhinese blue chips lost 0.4%, Hong Kong's Hang Seng Index fell 0.9% and Korea's KOSPI was down 1.78%. economy into contraction in order to tamp down persistent levels of inflation." "Even though I suspect global equity markets could end higher at the end of the year than where we are today, it's conceivable to expect continued market volatility until it becomes clear that the Fed is not going to force the U.S.
"I think that this recent post-holiday bear market rally is a reflection of the uncertainty that investors have regarding whether we have seen the peak of inflation and Fed hawkishness or not - I think we're close," said Invesco global market strategist for Asia Pacific David Chao.
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