A View from Tel Aviv
We have been waiting for the sledge hammer to hit us over our economic head as our government agencies try hard to make their educated guesses as what to do to in order to avoid a melt down that is sweeping globally. We do appear to have a better control over our banking industry then in other countries. But we hear in muffled tones that our banks are exposed to a variety of investments in the American banking system that appears to be in trouble. Not a good sign for the health of our financial system. We can also see that some of our conglomerates that have been involved in Real Estate investments in the US that are now facing serious losses or at the least are in serious need of a monetary injection of capital to keep them a float. The street appears to be somewhat cautious as the cafes continue to be full and vibrant. This is generally a good sign and may indicate that our overall economic systems may be in fact doing fine with just some minor difficulties. We can only hope that this is the case.
Tags: Steve's Blog:It's Personal



