Happy new Jewish year!
I have come across a news article in Hebrew on some predictions of analysts to the upcoming year. As always it serves for good laughs and fun. As you already know, I consider those prediction to equivalent of witchcraft.
One Economist says that 2008 would be a very tough year because of the slow growth in the US economy and the sub-prime crisis. Classic after the fact analysis. Who ever heard about the sub-prime crisis before it happened?
Another Economist, called the “optimistic” one by the reporter, predicts that the local stock market would rise between 12%-17%. I have really no idea where these people get those numbers. It is pretty pretentious if you ask me.
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