Ezekiel’s Leading Market Indicator

1929_Black_Tuesday

Your wealth, merchandise and wares,
    your mariners, sailors and shipwrights,
your merchants and all your soldiers,
    and everyone else on board
will sink into the heart of the sea
    on the day of your shipwreck.
Ezekiel 27:27 (NIV)

Reading the newspaper (the actual paper and ink newspaper) is a old school habit that has become a little luxury for Wendy and me. Growing up as a “Paperboy,” I learned early in life to enjoy taking a few minutes each day to read through the news. I long ago grew tired of the way our regional newspaper, The Des Moines Register, became little more than a giant circular advertisement with regurgitation of syndicated content from the AP wires. Wendy and I subscribe to the Wall Street Journal and enjoy reading and discussing the news of the day with our breakfast each morning.

One of the things Wendy and I have come to observe about “the Journal”  is the laughable way that economic indicators grab headlines. One day the front page signals that we’re back to the economic glory days of the Roaring ’20s and the next day the headlines scream that we’re teetering on the brink of another Great Depression. There is little doubt that the paper caters to its core constituency of business and investors who tend to look at everything in life through the lens of commerce.

In today’s chapter, Ezekiel continues his prophetic message of doom for the ancient city-state of Tyre. The prophecy, however, takes a sudden turn worthy of a front page mention on the Wall Street Papyrus of their day. Ezekiel, whose prophetic messages centered around religion and idolatry, turns his prophetic lens on Tyre’s economy.

Situated on the Mediterranean coast, Tyre was an important harbor of trade back in that day. Ships from northern Africa, Greece, and southern Europe regularly sailed in and out of Tyre. The trading ships of Tyre had a strong reputation. Ezekiel, however, prophesies that their ships and their economy are about to sink.

My high school history teacher once told us that if we really wanted to find out what is really going on in the world we should “follow the money trail.” I have never forgotten it, and have found it sage advice. Greed is a powerful force, and economics regularly gets the better of our strongest moral principles and religious virtues. Ezekiel’s message in today’s chapter seems to tap into that knowledge of the human condition. Business often scoffs at religion and politics. Commerce seems to think that it will always find a way to escape and make a buck off the suckers in the world. If you want to strike fear into the heart of the business class simply threaten their bank account. Which is exactly what Ezekiel was doing.

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