Whereas challenges to biblical faith, world war, the decline of conventional morality, economic depression, and growing expectation of another great war undermined liberal optimism, that scenario made the dispensationalist interpretation of scripture, with
its predictions of a downward spiral preceding the second coming of Christ, increasingly plausible.
Dire
predictions like that do more than grab the attention
of the media; they can shake consumer confidence and help make such
predictions self - fulfilling as home buyers stay on the sidelines, pressuring sellers to lower prices — in effect fueling a
downward spiral.