Minister of Finance Yair Lapid said today at the inauguration of the new Tel Aviv Stock Exchange, “What we need now, after 50 days of fighting, is growth. Now is the time in which we need a stable, strong economy, and also a creative, optimistic economy, that believes in itself. You know better than most people – perhaps better than anyone – that trading is not technical. It is influenced by people. By their fates, their moods, the manner in which they interpret reality. Economics is psychology, and if we believe in ourselves, others will believe in us too.”
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(YWN – Israel Desk, Jerusalem)
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3 Responses
Mr Lapid,
“If i were you, i’d do teshuva!”
sorry Lapid,
but onkelos already bought it when the stock was dirt cheap and you see what profit he got, i dont think you’ll get 1/60th of the profit he got
It would be a highly speculative investment. Israel has tremendous potential for economic growth balanced against tremendous dangers. In particular, most of the economic activity occurs in the “elite” upper class which a large percentage of the population (Hareidim and Arabs, and to a lesser extent Afro-Asian Jews in peripheral areas) excluded. The war is a serious drain on resources and creates serious risks, especially of boycotts, but more importantly, Israel is largely unable to trade with the Arabs who are neighbors (not to mention Muslims worldwide).
It is telling that Israeli elites prefer to invest in Europe or the United States, and frequently strive to get European or American passports.