Will the real Bank of Israel Governor please stand up? A week after telling us that everything is just peachy re: the Israeli economy and Israeli banking system, all of a sudden Globes is out with an article that Fischer is now ‘worried.’ The article says, “We expect 2.7% growth in 2009, and we’re accused of over optimism. In such times, if you want to be serious, you should be worried, and I am really worried. Wise men won’t tell you that there is nothing to be worried about,” said Governor of the Bank of Israel Prof. Stanley Fischer last week during a meeting of the EU-Israel Chambers of Commerce and Industry held at the home of the Ambassador of France.”

I guess Fischer figures that the Israeli public isn’t fluent in French. As posted here last week Fischer said that Israeli banks were in good shape. If so

It appears that due to the popularity of Israelnewsletter.com( or maybe not), and the fact that the investing public wants to get more news on the Israeli capital markets, it’s rumored that financial media powerhouse Bloomberg, is planning to open up an office in Israel’s capital city, Jerusalem. According to a report in Globes, “that financial wires services company Bloomberg LP will open its first office in Israel on September 10, and has rented space in Jerusalem’s Malcha Technology Park.” The article continues, “It seems that Bloomberg understands that the Israeli capital market is important enough to open an office here, and that’s a good thing.”

Along with all the innovation coming out of Israel, and all the foreign investment pouring in, this is another step for Israel becoming a financial center.

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Aaron Katsman is Managing Editor of the Israel