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Tag Archives: Lehman Brothers

Economy’s Bloody Sunday

06-Oct-08

Wall Street recently faced yet another historical Black Monday, and yesterday the crisis has finally traversed both the Atlantic and the Mediterranean, when the Israeli Stock Exchange, located at E’chad Ha’ham Street, encountered its very own Black Sunday.
Image via zoomap.co.il
Interestingly enough, although E’chad Ha’ham refers to a specific person in Jewish history, it can [...]

Israel’s economy refuses to be affected by Wall Street crisis

17-Sep-08

It’s been said to be the biggest economic crisis in America since 1929. So far we’ve seen the collapse of Lehman Brothers, Merrill Lynch, and AIG, and there’s no end in sight.
Obviously, the markets around the world reacted badly, with vast depreciation of rates, especially in Asia. Israel saw a poor day on Monday as [...]