Sunday, May 15, 2022

Israel Prospering

 


S&P, a credit rating company confirms Israel's credit rating: AA minus. The main characteristics of the State of Israel's credit rating are a diversified and robust economy, strong external accounts, an optimal debt structure alongside increased geopolitical risks.

S&P expects the Israeli economy to grow at a rate of 5.5% in 2022, after in 2021 the actual growth was 8.2%, higher than the company's original forecast of 6.5%. The company points positively to the strong external accounts with a surplus in the balance of payments and high foreign exchange reserves, supported by a strong high-tech sector. Russia-Ukraine war has zero impact on the economy.

The Coalition: Ra'am, the Islamic Movement's Bedouin Party, is part of the governing coalition. Reacting to the police beating of Palestinian demonstrators on the Temple Hill, it retired it support for the government. To come back, they demanded a large bribe. Bennet would not agree, so they stopped negotiating with him and demanded to speak with Liberman, the corrupt but smart Monies Minister. They found a common language and in no time, the Bedouins are back in the government. The Torah forbids us to wage war repeatedly against the same enemy, so they will not learn to fight. Seems to me that we have been bribing the Bedouins for so long that they have learnt the mechanics of successful blackmailing and are better at it than we are. Abu Something their leader declared that good things are coming soon to the nomad encampments.

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