No real estate bubble in Israel, Fischer tells foreign investors

[Whaler]

http://www.globes.co.il/serveen/globes/ ... 1&fid=1725

The Governor of the Bank of Israel told an investor conference in that Israel's banking system was well regulated.
Globes correspondent1 Jul 10 20:03
Governor of the Bank of Israel Stanley Fischer said again today that, for the time being, the Bank of Israel had no intention of changing its growth forecast for the Israeli economy for the next two years, despite the debt crisis in Europe. Fischer made the comments at the annual Tel Aviv Stock Exchange London Investor Conference.

The Bank of Israel's growth forecasts are 3.7% for 2010 and 4% for 2011. Fischer also mentioned the relatively low unemployment rate in Israel (7.2%, versus 9.7% in the US and 10% in the eurozone) and said that the flexibility shown by Israelis during the crisis contributed to the stability of the labor market. Fischer was referring to the fact that workers in Israel were prepared to take wage cuts, which prevented wider layoffs and moderated the rise in unemployment.

 

Hmm...It seems the Jewish bankers only shit in other peoples yards. Good to know everything is creamcheese for the Israeli Zionist Jews.

Thanks for subverting the western world with your usury and moral corruption. Have fun in Israel....God is coming for you so enjoy it while it lasts.

-Whaler