Tuesday, January 12, 2010
This is just a quick link to follow -- an "aside." These are links to interesting things that, for one reason or another, I didn't place into a full posting. Click the link to visit the full article. Go to the blog index for a regular listing of posts.
At this time, Israel financing US deficit and not the other way around - '...the Israeli government’s foreign debt stands at -$32 billion. Or in other words, at this time we, Israelis, are financing America’s debts – and not the other way around...objectively speaking, Israel should have been able to raise capital abroad while paying a lower interest than the US...People who still speak about "US economic pressure on Israel via loan guarantees" are completely disconnected from reality. Israel is now helping the US pay its deficits, and not the other way around. This is why we were laughing, the American economists and myself, when the issue of loan guarantees came up in our conversation. I was laughing happily; they were laughing somewhat sadly.'
