Friday, November 21, 2008
Big Fish In Small Pond
Who's that "big fish?"
Someone is flexing his muscles, and I'd really like to know who, or what group of super-wealthy people have shown that they can control the stock market.
Israel is in "pre-election season." The political parties are meeting and "primarying," vying for top positions on the party election lists.
Our economy is relatively stronger than the United States, though it's hard for me to figure out why. One idea I have is that the birthrate in Israel is much higher, especially among the educated and middle class.
Recently, with all the high profile celebrity babies, having kids is more "in." But in the 1970's fewer women, according to statistics, had children. That means that percentage-wise the US is missing a strong work-production population in their thirties right now. At the same time, the babyboomers are retiring, and many still have parents alive and needing care. Some of these "boomers" are "sandwiches," trying to help their children, grandchildren and parents, but many others are the last in their line. When they're elderly, there won't be any kids to assist them.
OK, so that's part of the American problem, but who's manipulating the Israeli economy?