So once again we have a serious drought in Israel, our largest reservoir - the Sea of Galilee - is drying up. Soon we shall be adding desalinated sea water to keep it ecologically healthy and attractive for tourists. The basic structure of the Israeli water supply system, where the Kinneret served as long term regulator and reservoir, us being turned upside down. A revolution by definition. Yesternight we had a tropical storm, some water, very irregular for August. Somebody should look into it and say something substantial. I for one went to see the Israel Meteorological Service's site and they say there is no significant weather (!) See pic. Very peculiar.
Jim Rogers says that the best sector to invest is in agriculture, that is dying all over the world. Japan farmers are pensioners, American farmers are not being replaced, etc. and ag prices are 25% down in the last thirty years. Farmers will be very rich, he says. He pushes his RJA Rogers Agricultural Index. He also says that China/Japan/Russia stock exchanges are 30% lower than thirty years ago, they will rise.
How recessions start? The last one started where no one was looking: Island's bankruptcy, and then ENRON's collapse. These days Turkey, Indonesia are in bad situation. Could they start the debacle?
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