Features
Shall We Live by Our Swords Forever?
By ORLY DREMAN (Oct. 4, 2024) t is hard to believe a year has passed… the worst year of our nation… a year of grief, nightmares, sorrow, crying, pain, bereavement, anger, desperation, frustration, hurt and anxiety because of this horrible endless war. Every person in the country knows people who were killed. When an old person dies naturally one receives it with understanding, but when young people die it feels like Job.
The average life span of Israelis is going down every day. We try to relax, breath deeply, do mindfulness, exercise, meet friends. Israel suffers four times more from anxiety and depression than any other place in the world. I feel I just want to sit down one day, cry and release, and not be strong all the time. All our souls are already in reserves for a year . Since our army’s survival depends on its reserve soldiers it means they are tired, have lost their jobs, and wives are heroes and have to quit their jobs because the husbands are not there to help with the kids. Children see their parents recruited, they see people with weapons in the streets, they hear the word “hostages”, they hear war planes in the sky twenty four seven, they are scared, and no wonder there is regression in their behavior.
We are an injured society in a war routine- every new death swallows up the death from the day before.
When the six young hostages were murdered in the tunnels in September and the bodies were brought back by our soldiers, many people in Israel felt it is like the day their own parents passed away- it was so sad. It was revealed they were starved- the bodies weighed 35 kg. (close to 80 pounds). In the tunnels with no air, no light, low ceilings so they could not stand up, no sanitary conditions – tortured by Satan. They urinated in bottles that remained next to them. We all feel responsible for their deaths. Did we demonstrate enough? Did we pray enough? The members of the cabinet who voted with Bibi not to make a deal to save them – how can they live with themselves? What if the nightmare came true and there are babies who were born in captivity and survived? Then we have more than 101 hostages. Our country was established on social solidarity that we do not leave bodies and injured behind. We are going to pay a heavy price if we do not do the just and correct thing and bring them back home.
I recommend you read the book “One day in October” – forty heroic stories from that day told by remaining relatives and friends about the heroic citizens who saved the country. Who is a hero? A person who cannot stand aside if someone is in distress; hey come to help, like those who jumped on hand grenades to save the rest. The injured who continued to fight. Men who stalled the terrorists in order to enable women and children to escape until they were murdered. Women who ran out of their homes while the shooting was going on to pull the injured into buildings. Five young women and men soldiers who saved one hundred new recruits in their base till they themselves were killed. The paramedic Amit Mann in Kibbutz Be’eri who stayed to save many lives when she could have escaped until she was killed. (in that kibbutz out of 1000 residents 100 were killed.) Aner, who was at the “death shelter” and managed seven times to catch the hand grenades the terrorists threw inside; Aner threw them back out, until the eighth time he was killed while his friend Hirsh Goldberg Polin lost his hand and was kidnapped to Gaza where he was murdered 11 months later. The few survivors of this shelter survived because bodies fell on them and hid them. So many who already got to safety with friends, but drove back again and again to rescue young people from the festival until they themselves got killed. How parents had to close their babies’ mouths so they did not cry and be heard, with the risk of choking them to death. Even for those who held a gun, it was not enough against groups of hundreds of terrorists. The families in the center of the country heard their dear ones on the phone screaming they are burning us and they have RPGs (rocket propelled grenades). There were some who wanted to do like in Masada- kill their families and then kill themselves – just not to be kidnapped.
The first eight hours of the war the terrorists were stopped only by citizens and some police. The army was not there. Every person who in his lifetime had taken a first aid course – even people in their seventies, bandaged and put tourniquets on the wounded while they were without water, with no electricity. In the book, an officer of the “Zaka” organization- whose members are always on scenes of unnatural deaths to collect body parts and who have seen all possible atrocities, said that if he would have known what he is about to see on Oct. 7th he would have asked God to make him blind. Another story in the book is of a Holocaust survivor who said it was worse than things they have seen during the Holocaust.
Whole families on the kibbutzim on the border were murdered- children, parents, grandparents. A friend of my seven-year-old granddaughter told me her grandparents lived on kibbutz Be’eri. I asked her if they were evacuated and she answered yes. I was told later that the grandfather was murdered while protecting his wife, who survived. The seven-year-old is in repression and denial. We have friends who live on the Gaza border who told us how the father, the son and a friend left in two cars to return and rescue people, but in the chaos our army mistook them for terrorists and they shot at the cars. The friend of the son was killed while the son managed to roll out of the car. The father who was in the second car describes the car being riddled with bullet holes and he still does not understand how he survived. Unfortunately, there were quite a number of these incidents.
There are evacuees who moved almost 10 times this year with their families from place to place. They cannot hold a job, the children change schools and change friends. What is nice about “the good Israeli” is one sees requests on Facebook from evacuated families asking for a place to live because the government does not pay for some of the hotels anymore, or those people live in areas that were not officially evacuated by the army/government, but still are in the rockets’ range. Other Israelis open up their homes to host these people.
We are now fighting seven fronts. We just started in Lebanon and we already have eight soldiers killed there in one day, but the damage from Hizballah was growing every day and they were crushing us. If Hizballah would have joined Hamas in sending 6000 terrorists through their tunnels into Israel on Oct. 7th in addition to the 4000 terrorists Hamas sent, it would have been the end of Israel. We’d have hundreds of thousands dead. The tunnels we discovered now in Lebanon are bigger than those in Gaza and cannot be blown up because of the terrain; it will only make them wider. Iran lost again in this second round of 200 rockets on Oct. 1st. Our air defense systems shot down most of the ballistic rockets. We must retaliate with a strong hand. We cannot live by our sword forever.
Our challenges today are not just against our enemies, but also against others who have different moral and ethical values. How can Bibi even think of replacing our excellent defense minister in the middle of the war – only for political reasons? Instead of making a deal in the south- returning the hostages, making peace with Saudi Arabia, forming a coalition against Iran, he is busy eternalizing his coalition. We deserve an empathetic leadership which sees the good of its people before themselves.
We have thousands of new disabled servicemen and women. It is no wonder that at all the Para Olympic games we win the highest number of medals. For organ donors today doctors are especially asking for cartilage because we have 20,000 new wounded ; this is something they did not do in the past.
It has been a very challenging year and we learned how strong we are. For the New Year may we blessed to see the return of all our hostages, start to rehabilitate them, put a smile back on our faces, sleep at night, worry less and feel safe again.
Features
Exchange Rate Factors: What Global Events Mean for Savvy Investors
When Russia invaded Ukraine in 2022, it created ripples in all financial markets, including currency markets. The Euro weakened while the dollar surged and emerging market currencies wobbled. Global factors can quickly affect financial markets and shake established trends. Apart from such rare events, currencies tend to change their price because of interest rates, inflation, and overall investor confidence. For investors managing money abroad, understanding these movements is critical to avoid losses and mitigate risks.
Below, we will break down how global political, economic, and cultural events influence exchange rates, with insights for savvy investors.
Economic factors
There are several key exchange rate factors with a consistent history of shaking financial markets. These factors include inflation, interest rates, trade balances, employment rates, and so on. Since economic factors are shaping markets almost daily, we start with those.
Inflation and interest rates
Inflation and interest rates are closely connected as one can easily affect the other. When inflation rises, central banks step in and raise interest rates to reduce inflation, and when inflation is lower, central banks can lower interest rates to make borrowing money cheaper. As a result, investors closely monitor these two metrics to anticipate changes in interest rates. Higher inflation makes currencies weaker, and whenever banks change the rates, the changes are immediately reflected in global currency rates. In the United States, the Federal Reserve is the central bank that sets interest rates in the country.
Trade balances and economic growth
A country that exports more than it imports has a stronger demand for its currency. More demand equals a stronger currency. However, the Japanese yen was always weaker against the dollar because the BOJ of Japan tends to have super low rates near 0 to support its exporters. Economic growth also increases demand for local currency as more investors try to invest in the country’s economy. Long-term investors often track this data to detect early signs of any changes in currency strength.
Political and geopolitical factors
Elections, sanctions, and overall political stability are also crucial factors. If the country gets under sanctions, its economy crumbles and its currency becomes inflationary, losing its value quickly. Elections are also crucial for a currency’s strength. Geopolitical events can have a serious impact on the currency as well. The most obvious example is the 2016 Brexit events that made GBP lose its value rapidly and violently. Global conflicts, such as wars, can seriously impact global financial assets, especially currency markets. When tensions are high, safe-haven currencies like USD and CHF (Swiss Franc) become very popular among investors as they seek a safe place to protect their capital.
Cultural and social factors
People like tourists, workers, and diaspora communities can shape currencies as well. Tourism usually drives seasonal demand, and countries that are popular destinations during certain seasons experience their currency appreciation as demand spikes. The perception matters as countries seen as safe and opportunity-rich tend to attract more investors, solidifying their currency strength.
Technology and innovation
Technology is seriously affecting everything, especially the financial sector. Digital payment systems, blockchain technology, and fintech startups have made it easy and swift to move money around. Cryptos and stablecoins enable investors to protect their capital using stablecoins during volatile times. The latest trend among banks is to work on CBDCs, which signals a new era where national currencies are blended with technology and blockchain. Despite this, currencies, even in their crypto form, will continue to be influenced by all major factors mentioned above, and knowing how these factors impact your currency is key to keeping your capital safe from risks.
Practical lessons for savvy investors
So, what do all these factors teach us about global currency rates and investing strategies? The key lies in proper preparations and anticipation. Monitoring macro trends, policy announcements, and major geopolitical and political developments is critical.
Diversify
The number one method which is used by professional investors is diversification. This simply means to spread your risks across a basket of assets. By not investing all your capital in one instrument, you can mitigate risks. If one asset experiences a loss, other ones will counter it with returns. Building a diversified portfolio is key to properly diversifying. For example: divide your capital to buy stocks, commodities, currencies, and cryptos so that if one fails to perform, others will counter it. This ensures a stable income without unnecessary losses in the long run.
Hedge
Forex options and ETFs are great hedging assets. Forex options let investors lock in an exchange rate for a future date, which is very useful if you expect volatility but want stability. Currency ETFs, on the other hand, track specific currencies or a basket of currencies and allow easy trading or protection without trading forex directly, but they are still risky.
Monitor the economic calendar
Economic calendar is a free online tool that aggregates important macroeconomic news data such as interest rate decisions, CPI, inflation, employment rates, central bank announcements and speeches, and other crucial information. By monitoring them, investors can always know when important news data will be released, and they can postpone their investment decisions to avoid volatile times and only invest after the main trend is determined.
Features
The Canadian Dollar is on a slow decline. Should you save in euros or US dollars instead?
The Canadian dollar has been losing its value against the dollar this year. For Canadians, this raises a simple question: if your CAD is losing ground, is it better to move savings into euros or U.S. dollars, especially bonds, stocks, or a carry-trade strategy? Carry-trade strategy in this context means to borrow in CAD and invest it in the USA or the EU zone. This is a complex matter, and to understand where the CAD is, how attractive other currencies might be, we need to analyze these currencies more deeply. Below, we will walk you through the data, practical costs, and risks so you can reach a usable conclusion after reading this guide.
Quick snapshot – What the markets say right now
Recently, the Canadian dollar has hit multi-month lows due to weaker oil prices and a post-Fed (U.S. Federal Reserve) market reaction (which raised the rates, making the CAD weaker against the dollar). Canada’s central bank has cut its policy rate to 2.25%, while the Fed’s fund rate remains notably higher at about 3.75-4%. The ECB (European Central Bank) main interest rates are lower than the Fed’s and near the low-to-mid 2% range. While the Euro currency to USD rates remain mostly predictable, due to higher US bond yield rates, the EUR remains stronger, still. The U.S. 10-year Treasuries are around 4.1%, Canada’s 10-year near 3.2%, and Germany’s 10-year around 2.7%, meaning that today the USD-denominated bonds have the highest nominal yield among the three. As a result, the dollar seems much more attractive when it comes to bond yields and stocks.
Bonds – Which currency is the best for fixed income?
The short answer is: USD bonds. When it comes to nominal yield alone, US bonds beat almost all other competitors. U.S. government bond yields (10-year) are noticeably higher than Canadian and German/Eurozone bond yields right now. As a result, US bond buyers have more income potential than Canada and the EU. Euro-area core yields are lower, meaning they are paying less than the USA.
However, nominal yield does not mean it is guaranteed real return, and metrics like inflation, currency rates, and hedging costs can impact potential returns directly. If you buy USD bonds but the dollar falls against the CAD, currency losses will most likely wipe out the higher yield rate. If the Fed lowers its rates, it will make the dollar weaker against the CAD and EUR.
Another challenge is that, if you live and spend in Canada, you are using CAD, and when exchanging it for dollars, you get exposed to foreign currency rate risks, which must not be underestimated.
Stocks – Euro or dollar?
Both the EUR and USD have their advantages. USD has strong liquidity and strong long-term performance, while EUR equities offer valuation opportunities and recent relative strength.
Why USD?
The U.S. market remains the most liquid stock market with strong earnings for many tech and large companies. This makes USD stocks very attractive for long-term-oriented investors. S&P has been rising historically, and even after crashes, it often recovers its value relatively quickly.
Why EUR?
European indexes have performed well this year and in many cases cost less than their U.S. counterparts. While cheaper does not always mean better, these indexes still have some growth potential. Some major banks in the EU zone, together with industries, have recovered strongly with a recent focus on military manufacturing, making many EU stocks very attractive, together with local indexes.
However, here is a caveat: if you are using CAD daily and it loses its value against the euro, the returns from euro holdings might shrink, exposing you to greater currency risks.
Carry-trade analysis – Is it viable to borrow CAD and invest it in USD or EUR?
The basic promise of carry-trade is simple yet powerful: you borrow cheaper currency and invest it in currencies with higher yields. In our case, is it lucrative to borrow in CAD and invest in either EUR or USD? To answer this question, we need to look at numbers. BoC policy rate is 2.25%, Fed funds from 3.75%, U.S 10-yr is 4.1%, Canada 10-yr is 3.2%. If we deduct Canadian rates from the U.S. rates, we get around 1.8% positive before costs. So, in theory, it could be lucrative to invest CAD in USD assets using a carry trade. Since the ECB has around 2%, it is not profitable to use a carry-trade strategy for the euro.
The bottom line
While the CAD has been weakening lately, it is still not cheap enough to naively invest in USD or EUR. However, if you want a pure yield and can tolerate foreign exchange rate risks, USD bonds are more attractive today. When it comes to stocks, USD equities provide stable and liquid markets. If you want valuation potential and diversification, then euro equities have become more attractive this year. When it comes to carry-trade strategies, the USD remains more lucrative than the euro, but on paper, traders and investors should evaluate all the risks and costs before investing in any currency.
In the end, Canadians who have CAD for their daily costs should be careful when trying to get exposure to other markets. US bonds, US stocks, US carry-trade, and EU stocks remain attractive choices for experienced investors.
Features
Why Reading Online Reviews Matters Before Making a Purchase
People usually pause before purchasing to read reviews from other customers. It’s become part of everyday online life, a quick way to see how something really performs before making a decision. According to the Pew Research Center, most internet users read reviews to get a better idea of what they’re buying. The feedback from actual users becomes more reliable than marketing statements because it comes from everyday consumers instead of sales-oriented corporate messages.
Reading reviews also helps spot patterns. If the same comment, good or bad, appears again and again, it usually means there’s truth to it. People now use this collective feedback as their main method to evaluate online products and services for quality and reliability.
When There Are Too Many Options, Reviews Narrow the Field
Shopping online can be overwhelming and a bit of an adventure. There are always more options than anyone needs, hundreds of gadgets, countless household tools, endless entertainment subscriptions. All listings present themselves as excellent value propositions with operational excellence, yet it remains a bit of a challenge when it comes to verifying which ones deliver actual results.
Reviews become useful at this point. Real users provide information about product details, which marketing content fails to show, by sharing their experiences about delivery speed and setup ease and product durability after several months of use. The product details show its operational behavior when used in regular business activities.
Users tend to begin with reviews. For instance, a tech product might have amazing packaging but fall short on battery life or integration. Maybe a new game or casino platform might sound promising, and reviews on trusted choices can confirm whether it includes flexible payment options, a wide content library, and responsive support. When feedback keeps mentioning strong points like clear instructions or helpful customer service, it shows consistency. The product or service delivers its expected results because customers have personally seen its performance.
Reviews Build Faith Through Shared Experience
Reviews gain their strength from the emotional bonds which readers find with each other. Reading about someone else’s experience feels familiar, even if you don’t know them. It’s basic word-of-mouth marketing, like receiving recommendations from a neighbor who has already purchased the item you are considering.
This shared experience has built an informal community of online voices. People rely less on what a brand claims and more on what other users notice. When different reviewers mention similar strengths or small frustrations, it adds authenticity. The story becomes more believable.
Reviews show what other users have experienced, but they do not offer any guidance about what to do. This type of his collective info turns into an important part of how people build trust online. It’s a small thing, but it makes a big difference in how confident we feel about the choices we make.
Balanced Feedback Feels More Honest
A perfect score does not prove that something lacks any imperfections. A combination of positive and less-than-perfect feedback creates a more authentic impression. Small complaints about packaging or delivery delays make glowing reviews sound real. A recent study showed that participants answered honestly instead of trying to make their responses attractive to others.
Most readers know that nothing works flawlessly all the time. People look for reviews which provide both positive and negative aspects because they want to find balanced opinions. Customers can establish realistic purchase expectations through combined information which they can apply before buying. Review systems maintain their value because reviewers maintain honesty in their assessments.
Why Recency and Volume Matter
The best reviews and product ratings are the ones written recently. They reflect how a product or service performs right now, not how it worked a year ago. Things change, materials, delivery services, and even the way companies handle support.
A steady flow of new reviews suggests consistency. When lots of people share their experiences over time, patterns appear. Those patterns tell readers what’s typical, not just what’s possible. It’s the difference between one person’s lucky experience and a reliable average that others can count on.
Quantity matters too. Ten balanced reviews from this month will usually tell more than a single five-star comment from last summer. Together, recency and volume create a clear picture of reliability and quality without relying on assumptions.
Recognising Genuine Reviews
Not every review online is authentic, real, and written by a consumer. Some are written by automated accounts or people hired to post positive comments. Real feedback tends to sound natural and personal. It might mention something specific like the texture of a fabric, how easy the setup was, or whether support staff replied quickly.
Authentic reviews vary in tone and detail. Some are short, others long, some are full of small observations. That mix of styles feels human. On the other hand, copied or fake reviews usually repeat the same phrases or sound overly polished.
Many websites now try to identify and label suspicious posts, but readers can also help by paying attention to repetition, timing, and tone. A quick scan across different platforms usually reveals what’s genuine and what’s not.
Reading Smarter in the Online Marketplace
Reviews have become a solid foundation for how people make decisions online. They give an honest view of how something performs beyond what’s written on the label. Every comment, short or long, adds another piece to the puzzle.
More than that, reviews show how businesses handle problems, how quickly they respond, and whether they follow through on promises. They offer accountability in a world where shoppers and sellers rarely meet face to face.
Reading a handful of reviews won’t guarantee a perfect experience, but it provides helpful context. It shows what’s typical and helps people make choices with more confidence. In an online world full of noise, reviews remain one of the easiest and most reliable ways to learn from others.