Eldad Tamir: "At this rate we will reach 2.5 shekels to the dollar, and that is a death blow to the economy"
Founder and CEO of Tamir Fishman claims that shares of giant technology companies on Wall Street are relatively cheap, while the stock market here is expensive • The weakening of the dollar causes 'a worker…
Assessment
A prominent Israeli investor warns that the shekel's rapid appreciation could devastate the local economy, making Israeli labor more expensive than Silicon Valley's. This stark comparison underscores the existential threat to export-driven industries. The key question is whether the Bank of Israel can or will intervene forcefully enough to prevent a currency crisis.