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  • Pessimism Rings Through Halls Of Tel-Aviv Financial Institutions As Dollar Continues Its Nasty Behavior

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Pessimism Rings Through Halls Of Tel-Aviv Financial Institutions As Dollar Continues Its Nasty Behavior

The current set of economic problems are rooted in the dollar's crash. Some are comparing the nosedive exchange rate of the dollar to the days leading up to the American depression in 1929. The dollar's collapse against the shekel means ptofits, especially for exporters, will dwindle as products sold in the US fetch less money. At the same time, a lower dollar means importing goods from the States is cheaper. Things like airline tickets are also more affordable. The First International Bank's Dror Zacks forecasts what will happen in the future. 3/20/2008

infolive.tv | March 20, 2008Watch more videos from infolive.tv

Tags:. .leading. .against. .forecasts. .continues. .rate











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