The Bank of Israel reduced the interest rate to 2.5% while the rates in Europe are rocketing (Italy pays 7.5%). One could take a loan in Israel and buy Euro bonds - financing in fact Europe. I remember the times when Israel needed American Jewish charity.
2 comments:
Koko advises against buying high-yielding European bonds.
Anon.
My bank has profiled me as risk-indifferent. But I cant go against Koko's clairvoyant advice.
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