This psalm closes as it begins with the declaration: “O LORD our Lord, how excellent is thy name in all the earth!” This statement sets the theme for the entire psalm. God establishes His excellence by His working with and blessings to mankind. Much of this psalm looks back to creation and to man’s original place there.
God never promised to remove all trials or to give us heaven on earth. However, He has promised that the man who separates himself from the world and gives himself over to the Lord will be blessed.
The distance between man and God is great. This is partly based on the greatness of God, but the distance is magnified even more by the lowliness of man.
These things describe a middle of the road believer: steps of a good man, delight of a good man, and fall of a good man.
A covenant is a solemn agreement. The most important covenants in the Bible are those in which God makes a covenant with man: the Abrahamic Covenant, the Davidic Covenant, etc. Here is a covenant which man makes with God. The Israelites recognize the importance of God and covenant together to wholly follow Him.
