Monday, August 29, 2011
No One Buying
TASE is almost paralyzed, no one is investing. The social protests are forcing the government to increase taxes on the "rich" and to increase taxes on dividends and profits. The governing coalition is stable, but the overall foreign affairs situation is worsening. In Egypt there are mass demonstrations demanding the assessination of the Israeli Ambassador. The Arab street demands war.
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2 comments:
The prognosis appears grim. Nonetheless it is likelier that the Egyptians will turn on themselves than Israel in the near future.
Ivan
The Arab mob is fickle. Today is silent.
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