Barclays Capital says that Israel's economy will grow 0.3% in 2009, and 2.9% in 2010. Barclays says Israel is the "strongest recovery story".
Barclays sees the shekel-dollar exchange rate dropping to NIS 3.65/$ in about three months, and to NIS 3.60/$ in about six months. The shekel dollar exchange rate is currently about NIS 3.76/$.
Conclusion: Sell dollars, buy shekel denominated bonds and shares.
8 comments:
What are those shekel-denominated securities going to be worth when Iran finally nukes Israel?
About 3 Iranian Rials.
Apparently people thinks we shall stay for a while, and the shekel is strengthening. People pay more for an apartment in Tel Aviv than in New York. It must be unnerving to you, eh Fred?
Israel wouldn't even have an economy if it weren't for the USA, the UK, and various other European countries.
Israel's dream was to achieve "economic independence". That goal was reached ten years ago, and now we are in the same level as Italy, Spain, and the poorer European counries. I think we will soon surpass Britain's per capita GNP. I visit many factories and business and am always surprised how hard Israeli people works.
yes, I'm surprised, too: after all, why should they work when they're getting all that "foreign aid" from American suckers.
Oh, if only I could be an Israeli Water Engineer, too: what a life that would be!
I can describe it to you:
0500 Wake up, pray
0530 Studying the markets and thinking about investing
0800 The phone starts to ring and does not stop all day. Arranges the day's schedule
1000 Drives to a project site or to a meeting in a regulator/bureaucrat's office
1400 Returns home
1430 Lunch and Siesta, if there are no urgent phonecalls
1700 Visits sick mother, drives daughter to swimming training, and so on
1800 Coffee and answering letters and so on
1900 - 0200 Work till falls dead
I can describe it to you:
0500 Wake up, pray
0530 Studying the markets and thinking about investing
0800 The phone starts to ring and does not stop all day. Arranges the day's schedule
1000 Drives to a project site or to a meeting in a regulator/bureaucrat's office
1400 Returns home
1430 Lunch and Siesta, if there are no urgent phonecalls
1700 Visits sick mother, drives daughter to swimming training, and so on
1800 Coffee and answering letters and so on
1900 - 0200 Work till falls dead
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