Israel's econo & me

This blog is mainly about the Israeli economy (and a little bit about me). I hope all you potential investors and economics freaks find this blog educational. Feel free to ask questions, write comments etc. Note: All opinions expressed are just that - opinions. Don't interpret them as financial recommendations or suggestions.

Friday, February 10, 2006

WOW

So I haven't had the chance to write till now and a lot has happened.
"Hamas" was elected to the Palestinian Authority and the Israeli Economy has been affected.
"Hamas" represents extreme anti-Israel views, therefore the economic euphoria that lingered in the Israeli market for the past few months has been suppressed.
The stock market dropped by about 3% in three weeks and the local currency (NIS) lost some of its power to the US Dollar. It's true that the USD strengthened all over the world, but still, I live here and I need the NIS to be strong (so I can travel around the world for cheaper).

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