That was then, and now is now. With stock markets the world over plunging in an interlocked world, the Tel Aviv exchange has been going up and down rather erratically, more down than up, but nothing serious compared to most of the big guys.
Or compared to the not-so-big-guys, either. Here's a report at the well-known-Zionist-propaganda-station, the BBC: Middle East stock markets plunge. It's the usual doom and gloom, except for this:
While billions of dollars were wiped off share values in the Arab world, the Israeli stock exchange rose sharply after the central bank cut interest rates...
Meanwhile Israel's TA-25 index rose by nearly 4% after the Bank of Israel announced a 0.5-point cut in its base rate to 3.75%. Its tech stock index performed even better with a rise of 6.75%.
OK, it's the stock market, what goes up today can go down tomorrow. But then again, perhaps we're really doing something right? Perhaps even better than most others? This might be why our economy has been growing faster than most of Europe and America since the beginning of the 1990s; it might explain why the Shekel insists on rising and rising and rising?
I'm not an economist by any measure, but here are some things that may have helped: we're still enjoying the effects of the gigantic wave of immigration from the disintegrating Soviet Union in the early 1990s. Binyamin Netanyahu's Milton-Friedman-inspired policies earlier this decade put new pizazz in the economy just as the effect of the immigration was beginning to wane. Hi-tech innovation fits perfectly with the chaotic insistance of Israelis never to do things the standard way if a short-cut can be devised, coupled with their intense determination to push so as to better their conditions.