Tuesday, March 01, 2011
Foreigners Retire their Money from Tel Aviv
Foreign investors are nervous as Moody increased the risk level of Israel. They are taking their money to other places, causing a decline on the TASE. Ghaddafi is acting like the bloodthirsty dictator the Americans always said was and disobeying American suggestions to kill himself. He is reconquering rebel areas and savagely shooting disloyal soldiers. Government forces regained control of a seafront oil-terminal town east of Tripoli, extending eastward the government's front line against the rebels. The Jasmine Rebellion is starting to smell less nice than many naive Europeans expected. I hope soon stability will be established and foreigners will return with their capitals.