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July 10, 2014

Sunny with light missile cover in Tel Aviv this morning.

I awoke to muffled thuds in the distance, Iron Dome shooting down Syrian-made missiles launched from Gaza, according to news reports.
I attended the obligatory morning mixer for hotel guests at the bomb shelter, which fortunately lasted only five minutes before the all-clear sounded. Hamas is making a demonstration out of weakness. Money is tight, 44,000 Gaza civil servants haven’t been paid for weeks, and the IDF did significant damage to its infrastructure on the West Bank after the kidnapping-murder of the three yeshiva boys. Netanyahu will look indecisive and confused, because he has to deal with an openly hostile US administration on one side and his nationalist camp on the other. Time, though, is on Israel’s side: economically, demographically, strategically. The proportion of Jewish births continues to soar. The fruits of a decade of venture capital investing are ripening into high-valuation companies. And the Arab world is disintegrating all around Israel’s borders.
- - Spengler

Posted by gerardvanderleun at July 10, 2014 10:31 AM. This is an entry on the sideblog of American Digest: Check it out.

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