It seems that one of my favorite stalwarts, the Central Bureau of Statistics has been getting it wrong with its-methodology for calculating the unemployment rate.Globes has an excellent summary of it here: Unemployment rate revised to 6.5% – Globes: I’m just wondering what other miscalculations they may be making. I’m especially concerned about inflation. I just don’t believe that we had 2.6% inflation last year. I don’t believe that there was no inflation last month. I think that the inflation figures will also be revised some time soon, and at that point anyone with an indexed mortgage better take cover. Ugly days are ahead. Every case is different, and you should always consult your qualified Israeli Mortgage Advisor....
Continue Reading »