Category: Global Financial Crises

Over the past six months or so we have started to see an improvement in the economy here in the United States. It seems that the economic downturn is finally behind us and that we might be in for a number of years of solid growth ahead. But, just like…

In Israel people borrow money from banks differently than they do elsewhere in the world. It is called a Heter Iska where any loan is structured so that the lender becomes an investor rather than as a usurer. This provision is to avoid transgressing the law, found in this weeks’…

The story of Purim contains a universal truth that is especially relevant today: intense hubris is always followed by a downturn and intense contrition precedes an upturn.  The trends found in the story of Purim should be familiar to us especially this year. At the beginning of the Purim story…

Watching society over the last ten years has been like observing a sick person who, unaware of his illness, continues pursuing a lifestyle that will eventually kill him. Some people noticed this and tried to warn others about it but no one was listening. The most painful part is that…

Below are some thoughts I have had on the Stimulus Package and what the unemployment level should really mean to us. President Obama will sign the $787 billion economic stimulus plan in Denver this Tuesday. This staggering spending plan is supposed to add 3.5 million jobs into the economy. In…

The markets have been very volatile lately and according to most experts the United States has entered a recession. All of this uncertainty and financial difficulties is a result of the credit crises that was sparked by the collapse of the subprime mortgage market. We have now seen the downfall…

The markets have been very volatile lately and according to most experts the United States has entered a recession. All of this uncertainty and financial difficulties is a result of the credit crises that was sparked by the collapse of the subprime mortgage market. On Monday of this week everything…