Moti Bassok, Hagai Amit and Dafna Maor, Haaretz Correspondents: Israel Bank intervenes in foreign currency market, buys dollars
Talkback
Title:Israel`s mega problem
Name:Chris Linthwaite
City: State:
The United States is poised to lower interests rates even furthur later this month as Bush and the republicans desperatly try to stave off recession and with it any hopes of Don Mclean getting into the white house.

Israel today crossed a rubicon, how much money does Israel have to stave off an even further collapse of the United States Dollar against Israel`s currency?

How long can Israel survive oil being over $100 a barrel?

How long can the United States pay Israel billions of dollars in aid?

Can Israel`s jewellry business stay competitive with gold at $1000 an ounce?

Interesting times.