Reading the morning papers, one gets the impression that Israel is in crisis and the children "piden pan y no le dan, piden queso, le dan hueso". The fishwrap HaAretz accuses Netaniyahu of failure and the Finance Ministry of causing doom. The alarmist media has convinced the bourse, and most stocks are selling below their capitals and some even for less the cash. Banks are selling at 70% of capital. Yet Israel is booming: GNP growth over 5% and increasing currency reserves. I feel it in my bones: the work pressure is unbearable, small businesses are expanding and investing and the regulators have no time to process the mountains of submissions on their desks. Mey Avivim needs six months to authorize a new 4" water connection.
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