Opinion  Sever Plocker
Expect a tough year
Sever Plocker
Published: 02.10.08, 10:48
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6 Talkbacks for this article
1. "Expect a tough year" ?
Talula ,   Israel   (10.02.08)
The last 3,000 years have been tough - one more bad year won't make a whole lot of difference - LOL!
2. The banking system needs to be changed.
Rich ,   Toronto, Canada   (10.02.08)
The entire global banking system is totally corrupt. And the leaders of this banking system, in America and Europe, should be arrested as criminals and traitors of humanity.
3. Economy stability & security.
Jude ,   London   (10.02.08)
Although the Israeli economy has been strong until the last year despite a weakening US economy , in times of global crisis it is still a small economy, highly influenced by the dynamics of the US economy in terms of trade & aid. Perhaps the best route will be for The Treasury to guarantee 100% security for all deposit accounts, since they are the regulator & these are not speculative accounts, this is reasonable & will prevent & exit of money & confidence in the economy. Restricting freedom of capital flows in any way will lead to a crisis of confidence & its not a good idea. Using very low interest rates for the next few years will at least enable the export high tech sector & tourism to prosper & insulate the economy a little. Although low interest rates may not be an attractive option for certain sectors of the economy, pensioners etc at the present, stability & security are the prime criteria & will stimulate investment .
4. President Clinton, through Affirmative Action laws, forced
Rivkah   (10.02.08)
lenders to give mortgages to people (mostly minorities) who could not afford them when the payments went up under variable rate loans. Clinton's campaigns for President were financed in large part by the Red Chinese and I believe the Clintons are closet communists. Nationalization of industries is a communist agenda. When the communist takeover of America is complete, people need to understand that they will be required to work as volunteers on Saturdays, to desecrate the ancient Sabbath of the Jews and early Christians. If people do not show up at their compulsory "volunteer" assignments on Saturdays, they are arrested and sent to prison. That is what Americans have to look forward to because they trusted the Clintons two too many times in the White House.
5. Talula, you made my day! (end)
shrinkDave ,   mia usa   (10.03.08)
6. 4
Igor ,   Prague (for. Munich)   (10.03.08)
dude, I have read many of your posts so far but they dont make any sense. I dont know what kind of world view you have, but it has absolutely no connection to reality. Nationalization is not necessarily communist. The state must take control of core financial institutions in such times in order to prevent a total crackdown. We see that the free market economy served its time and there has to be a fundamental change. But you Americans consider any governmental involvement in the economy either as "communist" or "liberal". But you actually have no idea what this terms mean. You have lived beyond your means for decades, shifted the core production to china, printed billions of dollars, which now are worthless paper and now you expect the whole world to help you. I am happy that in Europe we there are strict regulations for loans unlike it was in the US not a long time ago. At least in I dont have to bother about my savings at Deutsche Bank. The time for the US has come, it is quickly losing its status as the nr 1 financial power in the world. Maybe I have a cheaper car, I rent my flat, but I dont have to pay back any loans and dont buy everything with a credit card, which bill I wont be able to pay next month. We dont live beyond our means here. Face the reality. Your system is doomed.
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