Thursday, January 7, 2021

Why the Sheqel is so Strong

 

The Sheqel has appreciated vis-a-vis the US$ 10% in the last month and it buys third of a dollar. Why the currency of this mini-country in the Middle Shithole is so sought after? Maybe Israel's success in dealing with the corona-virus has impressed the world? Or is the start-up people, who sold 10 billion dollars worth of trash shares on the Nasdaq are bringing home the spoils? May be American Jews - pondering Biden's leanings - are moving capital to Israel? May be a Viking treasure hoard (pic) was discovered under my garden? I'd have fancied that but, no, it was not the case. 

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