… than they are of the U.S. Congress. That’s the conclusion that I draw from two Wall Street Journal articles: “Crisis Spurs Migration to Israel” and “Building Peace Without Obama’s Interference”. Despite the threat of a devastating nuclear attack from Iran, which would presumably reduce the value of any investment to zero, the Israeli economy has lower unemployment than the U.S. and strong economic growth. The West Bank Palestinian economy is doing even better, with a Chinese-style growth rate estimated between 7 and 11 percent. What does it say about the regulatory and tax environment here in the U.S. that an investor would rather build a factory in a war zone?

Separately, the WSJ has an interesting opinion piece explaining why low interest rates may be hurting U.S. companies’ ability to get capital: