Sunday, December 23, 2018

Dramatic Crash in Tel Aviv Stock Exchange

Perrigo -30%, TEVA -10% and so. The structure of financial properties is collapsing. Also the most solid real estate companies like Ashtrom are sinking. Companies with heavy debt burden, like TEVA, may collapse under higher interest rates. The panic may draw the whole world into a recession. It was the American FED that started the avalanche and not Trump. The world watches with unease the lack of coordination within the American government. It will take months to regain confidence in financial instruments and America. Pic.: Tent City, Santa Ana, Calif. 2018

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