134 — Joining the Dots

For several months now, the number one item on the agenda of global financial markets and the global economy has been the European (originally merely Greek) crisis. Yet, although its indirect impact has been strongly felt in Israeli financial markets, it can hardly be said that this has been the number one topic on the local agenda. On the basis […]

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Where do we go from here? The alternative scenario

In sharp contradistinction to the mainstream, the alternative scenario has as its starting-point the fact that the Israeli economy, and the pre-state Mandatory economy before it, has a long-established pattern of counter-cyclical behaviour vis-à-vis the global economy. I stress the words ‘fact’ and ‘established’, because they are crucial. To support them, let me briefly summarise the economic history of the […]

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