A down economy teaches and reminds Christians of things that Lutherans have traditionally taught... but recently in America almost merely in an academic way.
The World is Very Evil.
Moth and rust destroy here.
Wealth and Mammon do not last.
Trust not in Princes, they are but mortal.
I mean, we have "life-changing" financial seminars going on that are basically... live within your means... save some money instead of spending it all...
We should also learn just how blessed we are even now. So much of what we must give up is mere luxury.
This is not to say that people going through economic hard times aren't suffering. Folks are losing many things that they had worked hard to build up, places of memory, signs of achievement - and I have sympathy whether you were a $2million a year white collar worker or $20K a year worker... it doesn't matter what you had - if you have less, it hurts.
But we still have so much - and maybe this will be a harsh teacher to make use learn lessons we need to know.