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Doom, Gloom, Boom ... More Gloom

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From: The Jerusalem Report
Date: 20070205
Author:Shlomo Maital

"Economics," said Thomas Carlyle in 1849, "is a dreary, desolate, and indeed quite abject and distressing science."

He hit the nail on the head. Two-thirds of the 25 columns this dreary economist wrote last year were doom and gloom - about corruption, war, Hizballah, the overvalued shekel, greedy unions, greedy banks, poverty, poor leadership, shnorr.

Meanwhile, Israel's economy in 2006 grew 5 percent. Israel had its first trade surplus in history. Exports exceeded imports by $2.2 billion. Unemployment fell to 8.5 percent (lowest since 1998), employment rose 3 percent. All this, despite the ...

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